TJX Cos. (NYSE: TJX)‘s stock had its “buy” rating restated by investment analysts at TheStreet in a note issued to investors on Monday, StockRatingsNetwork reports.
The analysts wrote, “TJX Companies (TJX) has been reiterated by TheStreet Ratings as a buy with a ratings score of A. The company’s strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, notable return on equity, increase in stock price during the past year and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow.”
Shares of TJX Cos. (NYSE: TJX) traded down 0.23% during mid-day trading on Monday, hitting $52.19. TJX Cos. has a one year low of $40.08 and a one year high of $52.60. The stock’s 50-day moving average is currently $50.36. The company has a market cap of $37.565 billion and a P/E ratio of 19.95.
TJX Cos. (NYSE: TJX) last issued its quarterly earnings data on Tuesday, May 21st. The company reported $0.62 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.62. The company had revenue of $6.20 billion for the quarter, compared to the consensus estimate of $6.16 billion. During the same quarter in the prior year, the company posted $0.55 earnings per share. The company’s quarterly revenue was up 6.8% on a year-over-year basis. TJX Cos. has set its Q2 guidance at $0.61-0.63 EPS and its FY14 guidance at $2.70-2.78 EPS. Analysts expect that TJX Cos. will post $2.82 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of TJX Cos. in a research note to investors on Wednesday, June 12th. They now have a $50.00 price target on the stock. Separately, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of TJX Cos. in a research note to investors on Tuesday, June 4th. They now have a $48.00 price target on the stock. Finally, analysts at Thomson Reuters/Verus upgraded shares of TJX Cos. from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, May 28th.
Eight equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. TJX Cos. has an average rating of “Buy” and a consensus price target of $52.71.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, September 5th. Investors of record on Thursday, August 15th will be given a dividend of $0.15 per share. This represents a $0.58 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Tuesday, August 13th.
The TJX Companies, Inc (NYSE: TJX) is the off-price apparel and home fashions retailer in the United States and worldwide.