Shares of The TJX Cos. (NYSE:TJX) dropped 5.4% on Tuesday . The stock traded as low as $78.05 and last traded at $78.32, with a volume of 6,894,869 shares changing hands. The stock had previously closed at $82.77.

TJX has been the topic of several recent research reports. Zacks Investment Research lowered The TJX Cos. from a “hold” rating to a “sell” rating in a report on Monday, April 18th. Citigroup Inc. reaffirmed a “buy” rating and issued a $88.00 price objective on shares of The TJX Cos. in a research report on Tuesday, May 17th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $85.00 price objective on shares of The TJX Cos. in a research report on Tuesday, May 17th. Royal Bank Of Canada upped their price objective on The TJX Cos. from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, May 18th. Finally, Sanford C. Bernstein upped their price objective on The TJX Cos. from $82.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, May 18th. Three equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The TJX Cos. presently has a consensus rating of “Buy” and a consensus price target of $83.89.

The company’s 50 day moving average price is $79.48 and its 200-day moving average price is $76.48. The firm has a market capitalization of $51.54 billion and a P/E ratio of 22.91.

The TJX Cos. (NYSE:TJX) last posted its quarterly earnings data on Tuesday, August 16th. The apparel and home fashions retailer reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.03. During the same quarter in the prior year, the firm posted $0.80 EPS. The firm earned $7.88 billion during the quarter, compared to analysts’ expectations of $7.85 billion. The TJX Cos.’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, equities analysts predict that The TJX Cos. will post $3.48 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 11th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, August 9th. This represents a $1.04 annualized dividend and a dividend yield of 1.33%.

In related news, CEO Ernie Herrman sold 44,000 shares of the business’s stock in a transaction on Friday, May 20th. The stock was sold at an average price of $75.64, for a total transaction of $3,328,160.00. Following the completion of the transaction, the chief executive officer now directly owns 493,437 shares of the company’s stock, valued at approximately $37,323,574.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Carol Meyrowitz sold 64,160 shares of the business’s stock in a transaction 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 directly owns 336,231 shares of the company’s stock, valued at $25,741,845.36. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently added to or reduced their stakes in TJX. Genesee Valley Trust Co. boosted its position in The TJX Cos. by 4.1% in the fourth quarter. Genesee Valley Trust Co. now owns 21,128 shares of the apparel and home fashions retailer’s stock valued at $1,498,000 after buying an additional 824 shares during the last quarter. Victory Capital Management Inc. boosted its position in The TJX Cos. by 67.4% in the fourth quarter. Victory Capital Management Inc. now owns 23,242 shares of the apparel and home fashions retailer’s stock valued at $1,648,000 after buying an additional 9,354 shares during the last quarter. NBT Bank N A NY boosted its position in The TJX Cos. by 1.5% in the fourth quarter. NBT Bank N A NY now owns 32,130 shares of the apparel and home fashions retailer’s stock valued at $2,279,000 after buying an additional 483 shares during the last quarter. Calvert Investment Management Inc. boosted its position in The TJX Cos. by 27.3% in the fourth quarter. Calvert Investment Management Inc. now owns 33,375 shares of the apparel and home fashions retailer’s stock valued at $2,367,000 after buying an additional 7,163 shares during the last quarter. Finally, Gluskin Sheff & Assoc Inc. bought a new position in The TJX Cos. during the fourth quarter valued at approximately $2,574,000.

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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