BMO Capital Markets Raises TJX Companies (NYSE:TJX) Price Target to $145.00

TJX Companies (NYSE:TJX) had its target price increased by BMO Capital Markets from $133.00 to $145.00 in a research note published on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the apparel and home fashions retailer’s stock.

Other research analysts have also recently issued reports about the company. UBS Group lifted their price objective on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Barclays lifted their price target on shares of TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a report on Thursday. Morgan Stanley increased their price objective on shares of TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Guggenheim lifted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and an average price target of $135.06.

TJX Companies Stock Down 1.1 %

Shares of TJX stock opened at $123.49 on Thursday. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. TJX Companies has a 12 month low of $92.35 and a 12 month high of $128.00. The stock has a market cap of $138.82 billion, a P/E ratio of 29.06, a P/E/G ratio of 2.75 and a beta of 0.91. The company has a 50 day simple moving average of $122.92 and a two-hundred day simple moving average of $119.86.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. On average, research analysts expect that TJX Companies will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 6th. Stockholders of record on Thursday, February 13th will be given a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.21%. TJX Companies’s dividend payout ratio is currently 35.29%.

Institutional Investors Weigh In On TJX Companies

Several large investors have recently bought and sold shares of the business. Congress Asset Management Co. grew its stake in shares of TJX Companies by 1.1% in the 4th quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock worth $148,456,000 after buying an additional 13,036 shares in the last quarter. Atlas Legacy Advisors LLC bought a new position in shares of TJX Companies in the 4th quarter valued at about $433,000. BLB&B Advisors LLC grew its position in TJX Companies by 2.8% in the fourth quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer’s stock worth $9,795,000 after acquiring an additional 2,201 shares in the last quarter. Empowered Funds LLC increased its stake in TJX Companies by 12.1% during the fourth quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer’s stock worth $4,130,000 after acquiring an additional 3,691 shares during the last quarter. Finally, Boyd Watterson Asset Management LLC OH bought a new stake in TJX Companies during the fourth quarter worth approximately $604,000. Institutional investors own 91.09% of the company’s stock.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.