TJX Companies (NYSE:TJX) Sets New 12-Month High – Here’s What Happened

The TJX Companies, Inc. (NYSE:TJX)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $128.00 and last traded at $126.22, with a volume of 1474872 shares trading hands. The stock had previously closed at $124.93.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Guggenheim boosted their price target on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Morgan Stanley increased their price objective on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. UBS Group lifted their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. BMO Capital Markets increased their target price on shares of TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a research note on Thursday, February 27th. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $135.76.

TJX Companies Stock Up 0.1 %

The stock has a market capitalization of $140.62 billion, a price-to-earnings ratio of 29.50, a P/E/G ratio of 2.75 and a beta of 0.96. The business has a 50-day moving average of $121.65 and a 200-day moving average of $120.31. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The firm had revenue of $16.35 billion during the quarter, compared to analysts’ expectations of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Thursday, May 15th will be paid a dividend of $0.425 per share. This is an increase from TJX Companies’s previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a yield of 1.36%. The ex-dividend date is Thursday, May 15th. TJX Companies’s dividend payout ratio is presently 35.21%.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the sale, the chief executive officer now owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Institutional Trading of TJX Companies

A number of large investors have recently made changes to their positions in the company. Park National Corp OH increased its position in shares of TJX Companies by 7.1% in the 1st quarter. Park National Corp OH now owns 280,277 shares of the apparel and home fashions retailer’s stock valued at $34,138,000 after purchasing an additional 18,699 shares during the last quarter. Prostatis Group LLC grew its stake in shares of TJX Companies by 14.3% during the fourth quarter. Prostatis Group LLC now owns 2,275 shares of the apparel and home fashions retailer’s stock worth $275,000 after purchasing an additional 285 shares in the last quarter. DSG Capital Advisors LLC purchased a new position in TJX Companies in the fourth quarter valued at $4,713,000. Chancellor Financial Group WB LP acquired a new stake in TJX Companies in the fourth quarter valued at $249,000. Finally, 111 Capital purchased a new stake in TJX Companies during the 4th quarter worth about $1,074,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. 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, and gourmet food departments; jewelry and accessories; and other merchandise.