The TJX Cos. (NYSE:TJX)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $79.47 and last traded at $78.96, with a volume of 2,254,639 shares trading hands. The stock had previously closed at $77.81.

Several equities analysts have issued reports on TJX shares. Vetr upgraded The TJX Cos. from a “hold” rating to a “buy” rating and set a $81.58 target price on the stock in a research note on Monday, March 28th. Stifel Nicolaus reiterated a “buy” rating and issued a $85.00 target price on shares of The TJX Cos. in a research note on Tuesday, May 17th. Deutsche Bank AG reiterated a “buy” rating and issued a $83.00 target price on shares of The TJX Cos. in a research note on Thursday, May 19th. Zacks Investment Research lowered The TJX Cos. from a “hold” rating to a “sell” rating in a research note on Tuesday, April 5th. Finally, Miller Tabak started coverage on The TJX Cos. in a research note on Friday, June 24th. They issued a “buy” rating and a $91.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty-one have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $83.30.

The company’s 50 day moving average price is $76.88 and its 200-day moving average price is $74.83. The firm has a market capitalization of $52.46 billion and a price-to-earnings ratio of 23.31.

The TJX Cos. (NYSE:TJX) last released its quarterly earnings results on Tuesday, May 17th. The apparel and home fashions retailer reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.05. The firm had revenue of $7.54 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter in the prior year, the business earned $0.69 EPS. The company’s quarterly revenue was up 9.9% compared to the same quarter last year. On average, equities analysts anticipate that The TJX Cos. will post $3.48 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 11th will be paid a dividend of $0.26 per share. The ex-dividend date is Tuesday, August 9th. This represents a $1.04 dividend on an annualized basis and a yield of 1.31%.

In related news, Director Jose B. Alvarez sold 1,158 shares of the firm’s stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of $76.51, for a total transaction of $88,598.58. Following the transaction, the director now owns 700 shares in the company, valued at approximately $53,557. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Carol Meyrowitz sold 64,160 shares of the firm’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $76.56, for a total value of $4,912,089.60. Following the transaction, the chairman now owns 336,231 shares in the company, valued at approximately $25,741,845.36. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently added to or reduced their stakes in the company. Schroder Investment Management Group increased its position in The TJX Cos. by 46.7% in the fourth quarter. Schroder Investment Management Group now owns 2,763,070 shares of the apparel and home fashions retailer’s stock worth $195,930,000 after buying an additional 879,894 shares in the last quarter. Vanguard Group Inc. increased its position in The TJX Cos. by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 41,772,762 shares of the apparel and home fashions retailer’s stock worth $2,962,106,000 after buying an additional 550,369 shares in the last quarter. I.G. Investment Management LTD. increased its position in The TJX Cos. by 49.3% in the fourth quarter. I.G. Investment Management LTD. now owns 1,655,280 shares of the apparel and home fashions retailer’s stock worth $117,376,000 after buying an additional 546,739 shares in the last quarter. Bank of Montreal Can increased its position in The TJX Cos. by 37.0% in the fourth quarter. Bank of Montreal Can now owns 1,832,272 shares of the apparel and home fashions retailer’s stock worth $129,926,000 after buying an additional 494,367 shares in the last quarter. Finally, Morgan Stanley increased its position in The TJX Cos. by 10.2% in the fourth quarter. Morgan Stanley now owns 4,085,411 shares of the apparel and home fashions retailer’s stock worth $289,697,000 after buying an additional 379,474 shares in the last quarter.

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 are collectively the off-price retailer in the United States with a total of approximately 2,163 stores.

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