Guggenheim restated their buy rating on shares of TJX Companies (NYSE:TJX) in a report published on Friday. The brokerage currently has a $86.00 price objective on the apparel and home fashions retailer’s stock.
Several other analysts also recently commented on TJX. Zacks Investment Research downgraded TJX Companies from a buy rating to a hold rating in a research note on Thursday, August 17th. Northcoast Research raised TJX Companies from a neutral rating to a buy rating and set a $86.00 price objective for the company in a research note on Thursday, September 7th. They noted that the move was a valuation call. BMO Capital Markets reissued an outperform rating on shares of TJX Companies in a research note on Tuesday, September 12th. MKM Partners reissued a buy rating and issued a $87.00 price objective on shares of TJX Companies in a research note on Tuesday, September 12th. Finally, Sanford C. Bernstein started coverage on TJX Companies in a research note on Tuesday, September 12th. They issued an outperform rating and a $88.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have given a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $82.15.
Shares of TJX Companies (TJX) traded up $0.75 during trading on Friday, hitting $74.17. The stock had a trading volume of 6,967,674 shares, compared to its average volume of 5,700,000. The stock has a market capitalization of $47,670.00, a P/E ratio of 19.84, a PEG ratio of 1.76 and a beta of 0.75. TJX Companies has a 12-month low of $66.44 and a 12-month high of $80.92. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 0.48.
TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, hitting the consensus estimate of $1.00. The firm had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.86 billion. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 earnings per share. equities analysts expect that TJX Companies will post 3.93 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date is Wednesday, February 14th. TJX Companies’s payout ratio is 33.78%.
Several institutional investors and hedge funds have recently modified their holdings of TJX. Vanguard Group Inc. grew its holdings in TJX Companies by 1.5% during the second quarter. Vanguard Group Inc. now owns 47,816,796 shares of the apparel and home fashions retailer’s stock valued at $3,450,938,000 after purchasing an additional 708,532 shares during the period. BlackRock Inc. grew its holdings in TJX Companies by 4.8% during the second quarter. BlackRock Inc. now owns 43,767,923 shares of the apparel and home fashions retailer’s stock valued at $3,158,729,000 after purchasing an additional 1,996,874 shares during the period. Ameriprise Financial Inc. grew its holdings in TJX Companies by 0.6% during the second quarter. Ameriprise Financial Inc. now owns 8,467,659 shares of the apparel and home fashions retailer’s stock valued at $610,888,000 after purchasing an additional 51,364 shares during the period. Alliancebernstein L.P. grew its holdings in TJX Companies by 278.1% during the second quarter. Alliancebernstein L.P. now owns 6,791,045 shares of the apparel and home fashions retailer’s stock valued at $490,110,000 after purchasing an additional 4,994,846 shares during the period. Finally, Fiera Capital Corp grew its holdings in TJX Companies by 15.1% during the second quarter. Fiera Capital Corp now owns 5,750,653 shares of the apparel and home fashions retailer’s stock valued at $415,025,000 after purchasing an additional 754,894 shares during the period. 90.94% of the stock is owned by institutional investors.
TRADEMARK VIOLATION WARNING: This story was posted by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this story on another publication, it was copied illegally and reposted in violation of US and international copyright legislation. The legal version of this story can be read at https://stocknewstimes.com/2017/12/16/tjx-companies-tjx-receives-buy-rating-from-guggenheim.html.
TJX Companies Company Profile
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 ugg australia outlet stores, as of January 28, 2017.
Thank you for taking the time to read this article. I hope you like it