Guggenheim Increases TJX Companies (NYSE:TJX) Price Target to $66.00

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TJX Companies (NYSE:TJX) had its target price lifted by Guggenheim from $60.00 to $66.00 in a research note published on Thursday, The Fly reports. Guggenheim currently has a buy rating on the apparel and home fashions retailer’s stock.

A number of other brokerages also recently commented on TJX. Nomura initiated coverage on shares of TJX Companies in a research report on Thursday, November 7th. They issued a buy rating and a $65.00 price objective for the company. UBS Group upgraded shares of TJX Companies from a sell rating to a neutral rating and raised their price objective for the company from $41.00 to $58.00 in a research report on Tuesday, September 17th. Loop Capital raised their price objective on shares of TJX Companies to $65.00 and gave the company a buy rating in a research report on Thursday, October 17th. Royal Bank of Canada initiated coverage on shares of TJX Companies in a research report on Monday, November 11th. They issued a sector perform rating and a $60.00 price objective for the company. Finally, MKM Partners set a $62.00 price objective on shares of TJX Companies and gave the company a buy rating in a research report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus target price of $61.35.

NYSE:TJX traded up $0.64 during mid-day trading on Thursday, reaching $59.82. The stock had a trading volume of 4,683,405 shares, compared to its average volume of 4,222,875. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.48 and a current ratio of 1.25. The firm has a market capitalization of $71.54 billion, a price-to-earnings ratio of 28.35, a PEG ratio of 2.13 and a beta of 0.67. TJX Companies has a twelve month low of $41.49 and a twelve month high of $60.89. The business has a 50 day simple moving average of $57.90 and a 200 day simple moving average of $54.76.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.62. The firm had revenue of $9.78 billion during the quarter, compared to the consensus estimate of $9.89 billion. TJX Companies had a net margin of 7.66% and a return on equity of 57.64%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.17 earnings per share. As a group, sell-side analysts expect that TJX Companies will post 2.61 earnings per share for the current year.

The business also recently declared a — dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, November 13th. This represents a dividend yield of 1.7%. TJX Companies’s payout ratio is 43.60%.

Several hedge funds have recently bought and sold shares of TJX. Bath Savings Trust Co increased its stake in shares of TJX Companies by 2.0% during the 2nd quarter. Bath Savings Trust Co now owns 405,849 shares of the apparel and home fashions retailer’s stock worth $21,461,000 after purchasing an additional 8,030 shares in the last quarter. First Financial Bank Trust Division increased its stake in shares of TJX Companies by 1.6% during the 2nd quarter. First Financial Bank Trust Division now owns 150,616 shares of the apparel and home fashions retailer’s stock worth $7,965,000 after purchasing an additional 2,309 shares in the last quarter. Park National Corp OH increased its stake in shares of TJX Companies by 17.4% during the 2nd quarter. Park National Corp OH now owns 122,960 shares of the apparel and home fashions retailer’s stock worth $6,502,000 after purchasing an additional 18,263 shares in the last quarter. Beese Fulmer Investment Management Inc. purchased a new position in shares of TJX Companies during the 2nd quarter worth approximately $4,122,000. Finally, Carroll Financial Associates Inc. increased its stake in shares of TJX Companies by 6.9% during the 2nd quarter. Carroll Financial Associates Inc. now owns 8,716 shares of the apparel and home fashions retailer’s stock worth $460,000 after purchasing an additional 564 shares in the last quarter. Institutional investors own 89.33% of the company’s stock.

About TJX Companies

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

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Analyst Recommendations for TJX Companies (NYSE:TJX)

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