TJX Companies, Inc. (The) (NYSE:TJX) has received a consensus rating of “Buy” from the nineteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $82.76.
TJX has been the topic of a number of research analyst reports. Morgan Stanley raised TJX Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and set a $86.00 price target on the stock in a research note on Wednesday, May 17th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $79.00 price target (down from $82.00) on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. Nomura reaffirmed a “buy” rating and issued a $84.00 price target on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. Cowen and Company set a $80.00 price target on TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research note on Wednesday, May 17th. Finally, Jefferies Group LLC set a $80.00 price objective on TJX Companies, Inc. (The) and gave the stock a “hold” rating in a research report on Tuesday, May 16th.
Shares of TJX Companies, Inc. (TJX) traded up 0.11% during mid-day trading on Wednesday, hitting $72.38. The stock had a trading volume of 2,824,732 shares. The firm has a 50 day moving average of $70.49 and a 200-day moving average of $74.52. TJX Companies, Inc. has a one year low of $66.66 and a one year high of $80.92. The stock has a market cap of $46.05 billion, a P/E ratio of 20.49 and a beta of 0.76.
TJX Companies, Inc. (The) (NYSE:TJX) last issued its quarterly earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.01. The firm had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.29 billion. TJX Companies, Inc. (The) had a return on equity of 52.87% and a net margin of 6.83%. The business’s revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 earnings per share. Equities research analysts expect that TJX Companies, Inc. will post $3.93 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th were given a $0.3125 dividend. The ex-dividend date was Tuesday, August 8th. This represents a $1.25 dividend on an annualized basis and a yield of 1.73%. TJX Companies, Inc. (The)’s dividend payout ratio is currently 35.41%.
A number of large investors have recently bought and sold shares of the stock. TrimTabs Asset Management LLC increased its stake in TJX Companies, Inc. (The) by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,411 shares of the apparel and home fashions retailer’s stock worth $112,000 after buying an additional 664 shares in the last quarter. Israel Discount Bank of New York acquired a new stake in TJX Companies, Inc. (The) during the first quarter worth approximately $130,000. Jacobi Capital Management LLC increased its stake in TJX Companies, Inc. (The) by 12.9% in the first quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock worth $133,000 after buying an additional 200 shares in the last quarter. Lenox Wealth Management Inc. acquired a new stake in TJX Companies, Inc. (The) during the second quarter worth approximately $141,000. Finally, Mosaic Family Wealth LLC boosted its stake in shares of TJX Companies, Inc. (The) by 7.2% in the second quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock worth $144,000 after buying an additional 134 shares during the last quarter. Institutional investors own 88.16% of the company’s stock.
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TJX Companies, Inc. (The) Company Profile
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.
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