TJX Companies (NYSE:TJX) Hits New 52-Week High – Should You Buy?

The TJX Companies, Inc. (NYSE:TJX) shares 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

TJX has been the topic of several recent analyst reports. UBS Group increased their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Jefferies Financial Group lifted their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Barclays raised their price objective on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Robert W. Baird boosted their target price on TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Finally, Guggenheim raised their price target on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $135.76.

TJX Companies Trading Up 0.1 %

The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The company’s fifty day moving average price is $121.65 and its two-hundred day moving average price is $120.31. The firm has a market cap of $140.62 billion, a PE ratio of 29.50, a P/E/G ratio of 2.75 and a beta of 0.96.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The company had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

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

Insider Activity

In other news, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction that occurred 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 $59,569,772.67. The trade was a 4.62 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction that occurred 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. Insiders own 0.13% of the company’s stock.

Institutional Trading of TJX Companies

Large investors have recently bought and sold shares of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in shares of TJX Companies by 1.7% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer’s stock worth $603,000 after buying an additional 84 shares in the last quarter. Nwam LLC lifted its holdings in shares of TJX Companies by 2.0% in the fourth quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer’s stock valued at $524,000 after purchasing an additional 84 shares in the last quarter. One Charles Private Wealth Services LLC grew its position in shares of TJX Companies by 5.0% in the fourth quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer’s stock valued at $218,000 after purchasing an additional 86 shares during the last quarter. Hamilton Capital LLC increased its stake in shares of TJX Companies by 3.9% during the 3rd quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer’s stock worth $273,000 after purchasing an additional 90 shares in the last quarter. Finally, Breakwater Capital Group raised its position in shares of TJX Companies by 1.2% during the 4th quarter. Breakwater Capital Group now owns 7,696 shares of the apparel and home fashions retailer’s stock worth $930,000 after purchasing an additional 91 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

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.