TJX Companies (NYSE:TJX) Upgraded at UBS Group

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UBS Group upgraded shares of TJX Companies (NYSE:TJX) from a sell rating to a neutral rating in a research report sent to investors on Tuesday morning, BenzingaRatingsTable reports. UBS Group currently has $58.00 price objective on the apparel and home fashions retailer’s stock, up from their previous price objective of $41.00.

Several other brokerages have also issued reports on TJX. ValuEngine lowered shares of TJX Companies from a sell rating to a strong sell rating in a research report on Monday. Nomura lifted their target price on shares of TJX Companies from $57.00 to $60.00 and gave the company a buy rating in a research report on Tuesday, June 25th. Bank of America set a $65.00 target price on shares of TJX Companies and gave the company a buy rating in a research report on Wednesday, August 21st. Argus reiterated a buy rating on shares of TJX Companies in a research report on Wednesday, July 3rd. Finally, Zacks Investment Research upgraded shares of TJX Companies from a sell rating to a hold rating and set a $58.00 target price on the stock in a research report on Monday, September 2nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of Buy and an average target price of $59.28.

Shares of NYSE TJX opened at $56.46 on Tuesday. The company’s 50-day simple moving average is $53.95 and its 200-day simple moving average is $53.52. TJX Companies has a 52-week low of $41.49 and a 52-week high of $57.31. The firm has a market cap of $67.01 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 2.00 and a beta of 0.68. The company has a quick ratio of 0.48, a current ratio of 1.25 and a debt-to-equity ratio of 1.88.

TJX Companies (NYSE:TJX) last announced its earnings results on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.62. TJX Companies had a net margin of 7.66% and a return on equity of 57.64%. The business had revenue of $9.78 billion for the quarter, compared to analyst estimates of $9.89 billion. During the same quarter last year, the business earned $1.17 earnings per share. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities research analysts anticipate that TJX Companies will post 2.61 EPS for the current fiscal year.

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

Large investors have recently bought and sold shares of the company. Glassman Wealth Services raised its stake in TJX Companies by 9.7% during the first quarter. Glassman Wealth Services now owns 2,140 shares of the apparel and home fashions retailer’s stock worth $114,000 after purchasing an additional 190 shares during the period. Seelaus Asset Management LLC raised its stake in TJX Companies by 0.9% during the second quarter. Seelaus Asset Management LLC now owns 21,268 shares of the apparel and home fashions retailer’s stock worth $1,125,000 after purchasing an additional 200 shares during the period. Sfmg LLC raised its stake in TJX Companies by 3.7% during the second quarter. Sfmg LLC now owns 5,892 shares of the apparel and home fashions retailer’s stock worth $329,000 after purchasing an additional 210 shares during the period. Clarus Wealth Advisors raised its stake in TJX Companies by 3.7% during the second quarter. Clarus Wealth Advisors now owns 6,053 shares of the apparel and home fashions retailer’s stock worth $320,000 after purchasing an additional 218 shares during the period. Finally, HighPoint Advisor Group LLC raised its stake in TJX Companies by 2.6% during the first quarter. HighPoint Advisor Group LLC now owns 8,544 shares of the apparel and home fashions retailer’s stock worth $456,000 after purchasing an additional 220 shares during the period. 89.16% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Company Profile

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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