The TJX Companies, Inc. (NYSE:TJX – Get Rating)’s share price traded down 5.1% during mid-day trading on Friday after TheStreet downgraded the stock from a b rating to a c+ rating. The stock traded as low as $58.06 and last traded at $58.29. 137,452 shares were traded during trading, a decline of 98% from the average session volume of 8,226,714 shares. The stock had previously closed at $61.41.
A number of other research analysts have also commented on TJX. Gordon Haskett dropped their price objective on shares of TJX Companies from $81.00 to $78.00 and set a “buy” rating on the stock in a research note on Thursday, February 24th. Truist Financial dropped their price target on shares of TJX Companies from $88.00 to $82.00 in a research note on Thursday, February 24th. StockNews.com started coverage on shares of TJX Companies in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Wells Fargo & Company lowered shares of TJX Companies from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $75.00 to $60.00 in a research note on Tuesday, April 5th. Finally, Bank of America decreased their price objective on shares of TJX Companies from $95.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, February 24th. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $77.60.
A number of hedge funds have recently modified their holdings of TJX. Bell Investment Advisors Inc acquired a new stake in shares of TJX Companies in the third quarter worth $25,000. Winch Advisory Services LLC boosted its stake in TJX Companies by 413.3% during the 4th quarter. Winch Advisory Services LLC now owns 385 shares of the apparel and home fashions retailer’s stock valued at $29,000 after acquiring an additional 310 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in TJX Companies during the 4th quarter valued at $30,000. Sandy Cove Advisors LLC bought a new position in shares of TJX Companies in the 4th quarter worth about $30,000. Finally, Intelligent Financial Strategies bought a new position in shares of TJX Companies in the 4th quarter worth about $30,000. 91.45% of the stock is owned by hedge funds and other institutional investors.
The stock’s 50-day moving average price is $61.37 and its 200-day moving average price is $67.06. The company has a current ratio of 1.25, a quick ratio of 0.70 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $68.00 billion, a P/E ratio of 22.33, a P/E/G ratio of 1.83 and a beta of 0.88.
TJX Companies (NYSE:TJX – Get Rating) last posted its quarterly earnings results on Wednesday, May 18th. The apparel and home fashions retailer reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.08. TJX Companies had a net margin of 6.69% and a return on equity of 61.28%. The company had revenue of $11.41 billion for the quarter, compared to the consensus estimate of $11.58 billion. During the same period last year, the firm posted $0.44 EPS. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. Sell-side analysts expect that The TJX Companies, Inc. will post 3.13 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 2nd. Stockholders of record on Thursday, May 12th will be given a $0.295 dividend. This is an increase from TJX Companies’s previous quarterly dividend of $0.26. This represents a $1.18 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Wednesday, May 11th. TJX Companies’s dividend payout ratio (DPR) is presently 42.91%.
About TJX Companies (NYSE:TJX)
The TJX Companies, Inc, together with its subsidiaries, 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; and other merchandise.