TJX Companies (NYSE:TJX) Shares Gap Down to $56.19

The TJX Companies, Inc. (NYSE:TJX – Get Rating)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $56.19, but opened at $52.37. TJX Companies shares last traded at $60.37, with a volume of 299,822 shares traded.

Several research firms have recently issued reports on TJX. Credit Suisse Group decreased their price objective on shares of TJX Companies from $86.00 to $73.00 and set an “outperform” rating for the company in a research report on Thursday, February 24th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of TJX Companies from $83.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, February 24th. Sanford C. Bernstein began coverage on shares of TJX Companies in a research report on Monday, March 14th. They issued a “market perform” rating and a $68.00 price target for the company. BMO Capital Markets reduced their price target on shares of TJX Companies from $80.00 to $75.00 in a research report on Thursday, February 24th. Finally, Wells Fargo & Company cut shares of TJX Companies from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $75.00 to $60.00 in a research report on Tuesday, April 5th. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of “Buy” and an average price target of $77.85.

The company has a market capitalization of $72.18 billion, a price-to-earnings ratio of 22.94, a PEG ratio of 1.73 and a beta of 0.88. The stock has a fifty day moving average price of $61.41 and a two-hundred day moving average price of $67.15. The company has a quick ratio of 0.70, a current ratio of 1.27 and a debt-to-equity ratio of 0.56.

TJX Companies (NYSE:TJX – Get Rating) last released its earnings results on Wednesday, February 23rd. The apparel and home fashions retailer reported $0.78 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.12). TJX Companies had a net margin of 6.76% and a return on equity of 55.47%. The business had revenue of $13.85 billion during the quarter, compared to analyst estimates of $14.19 billion. During the same quarter in the previous year, the company posted $0.50 earnings per share. The business’s revenue for the quarter was up 26.6% compared to the same quarter last year. As a group, research analysts forecast 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. Investors of record on Thursday, May 12th will be issued a $0.295 dividend. This is a positive change from TJX Companies’s previous quarterly dividend of $0.26. The ex-dividend date is Wednesday, May 11th. This represents a $1.18 annualized dividend and a yield of 1.92%. TJX Companies’s dividend payout ratio (DPR) is presently 43.70%.

A number of hedge funds and other institutional investors have recently bought and sold shares of TJX. Bell Investment Advisors Inc purchased a new stake in shares of TJX Companies during the third quarter valued at approximately $25,000. Winch Advisory Services LLC increased its stake in TJX Companies by 413.3% during the fourth quarter. Winch Advisory Services LLC now owns 385 shares of the apparel and home fashions retailer’s stock valued at $29,000 after purchasing an additional 310 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in TJX Companies during the fourth quarter valued at $30,000. Sandy Cove Advisors LLC bought a new stake in TJX Companies during the fourth quarter valued at $30,000. Finally, Intelligent Financial Strategies bought a new stake in TJX Companies during the fourth quarter valued at $30,000. Hedge funds and other institutional investors own 91.45% of the company’s stock.

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.

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