The TJX Cos. (NYSE:TJX)’s share price fell 5.4% during mid-day trading 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.

Several research firms recently issued reports on TJX. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $92.00 target price on shares of The TJX Cos. in a research report on Wednesday. Morgan Stanley reissued a “hold” rating and issued a $77.00 target price on shares of The TJX Cos. in a research report on Wednesday. Nomura reissued a “buy” rating on shares of The TJX Cos. in a research report on Wednesday. Wedbush upped their target price on The TJX Cos. from $82.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $92.00 target price on shares of The TJX Cos. in a research report on Wednesday. Five analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $83.72.

The company’s 50 day moving average is $79.71 and its 200-day moving average is $76.54. The stock has a market cap of $51.69 billion and a PE ratio of 22.97.

The TJX Cos. (NYSE:TJX) last issued its quarterly earnings results on Tuesday, August 16th. The apparel and home fashions retailer reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The firm had revenue of $7.88 billion for the quarter, compared to analyst estimates of $7.85 billion. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.80 earnings per share. On average, equities research analysts forecast that The TJX Cos. will post $3.49 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders 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 dividend yield of 1.33%.

In other The TJX Cos. news, EVP Richard Sherr sold 18,532 shares of the company’s stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $75.46, for a total transaction of $1,398,424.72. Following the transaction, the executive vice president now directly owns 137,500 shares in the company, valued at $10,375,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ernie Herrman sold 44,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 493,437 shares in the company, valued at $37,323,574.68. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently modified their holdings of the company. Suntrust Banks Inc. raised its position in shares of The TJX Cos. by 6.2% in the fourth quarter. Suntrust Banks Inc. now owns 130,295 shares of the apparel and home fashions retailer’s stock valued at $9,237,000 after buying an additional 7,618 shares during the last quarter. Cambridge Trust Co. raised its position in shares of The TJX Cos. by 40.6% in the fourth quarter. Cambridge Trust Co. now owns 208,351 shares of the apparel and home fashions retailer’s stock valued at $14,774,000 after buying an additional 60,198 shares during the last quarter. QCI Asset Management Inc. NY raised its position in shares of The TJX Cos. by 8.6% in the fourth quarter. QCI Asset Management Inc. NY now owns 145,058 shares of the apparel and home fashions retailer’s stock valued at $10,286,000 after buying an additional 11,523 shares during the last quarter. Andra AP fonden raised its position in shares of The TJX Cos. by 72.2% in the fourth quarter. Andra AP fonden now owns 289,100 shares of the apparel and home fashions retailer’s stock valued at $20,500,000 after buying an additional 121,200 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of 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.

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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