Nomura Reaffirms Buy Rating for TJX Companies (TJX)
Nomura restated their buy rating on shares of TJX Companies (NYSE:TJX) in a research report report published on Wednesday, MarketBeat.com reports. The firm currently has a $87.00 price target on the apparel and home fashions retailer’s stock, up from their prior price target of $75.00.
A number of other brokerages have also issued reports on TJX. Zacks Investment Research upgraded shares of TJX Companies from a hold rating to a buy rating and set a $82.00 target price on the stock in a research report on Tuesday, October 10th. Morgan Stanley cut their price objective on shares of TJX Companies from $86.00 to $85.00 and set an overweight rating on the stock in a report on Wednesday, November 15th. Royal Bank of Canada set a $70.00 price objective on shares of TJX Companies and gave the company an outperform rating in a report on Tuesday, November 14th. Jefferies Group restated a hold rating and issued a $75.00 price objective on shares of TJX Companies in a report on Thursday, September 28th. Finally, BMO Capital Markets set a $85.00 price objective on shares of TJX Companies and gave the company a buy rating in a report on Wednesday, November 15th. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $82.53.
TJX Companies (NYSE:TJX) opened at $78.89 on Wednesday. TJX Companies has a 12-month low of $66.44 and a 12-month high of $80.92. The stock has a market cap of $49,882.38, a P/E ratio of 21.32, a PEG ratio of 1.89 and a beta of 0.75. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 1.53.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued a $0.3125 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.25 annualized dividend and a yield of 1.58%. TJX Companies’s dividend payout ratio (DPR) is presently 33.78%.
Institutional investors and hedge funds have recently bought and sold shares of the business. Zions Bancorporation raised its holdings in TJX Companies by 185.9% in the third quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock worth $100,000 after purchasing an additional 883 shares during the period. Lenox Wealth Management Inc. acquired a new stake in TJX Companies in the second quarter worth $141,000. Highlander Capital Management LLC raised its holdings in TJX Companies by 31.3% in the second quarter. Highlander Capital Management LLC now owns 2,100 shares of the apparel and home fashions retailer’s stock worth $150,000 after purchasing an additional 500 shares during the period. Jacobi Capital Management LLC raised its holdings in TJX Companies by 20.2% in the second quarter. Jacobi Capital Management LLC now owns 2,101 shares of the apparel and home fashions retailer’s stock worth $144,000 after purchasing an additional 353 shares during the period. Finally, FTB Advisors Inc. raised its holdings in TJX Companies by 1.6% in the second quarter. FTB Advisors Inc. now owns 2,235 shares of the apparel and home fashions retailer’s stock worth $159,000 after purchasing an additional 36 shares during the period. Institutional investors own 90.40% of the company’s stock.
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About TJX Companies
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 stores, as of January 28, 2017.
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