TJX Companies, Inc. (The) (NYSE:TJX) has been given a $85.00 price objective by equities research analysts at BMO Capital Markets in a research report issued to clients and investors on Monday. The firm presently has a “buy” rating on the apparel and home fashions retailer’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 20.81% from the company’s previous close.

Several other equities research analysts have also recently weighed in on TJX. Royal Bank Of Canada set a $82.00 target price on TJX Companies, Inc. (The) and gave the stock a “buy” rating in a report on Monday, March 27th. Instinet upped their target price on TJX Companies, Inc. (The) from $83.00 to $87.00 and gave the stock a “buy” rating in a report on Monday, April 3rd. Zacks Investment Research upgraded TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a report on Tuesday, April 25th. Morgan Stanley upgraded TJX Companies, Inc. (The) from an “equal weight” rating to an “overweight” rating and set a $86.00 target price for the company in a report on Wednesday, May 17th. Finally, Nomura reiterated a “buy” rating and issued a $84.00 target price on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $84.61.

Shares of TJX Companies, Inc. (TJX) traded up 0.80% during trading on Monday, reaching $70.36. The company’s stock had a trading volume of 4,241,102 shares. The company has a 50-day moving average price of $73.56 and a 200-day moving average price of $76.31. TJX Companies, Inc. has a one year low of $68.22 and a one year high of $83.64. The stock has a market cap of $45.26 billion, a price-to-earnings ratio of 19.98 and a beta of 0.78.

TJX Companies, Inc. (The) (NYSE:TJX) last announced its quarterly earnings data on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.79 by $0.03. TJX Companies, Inc. (The) had a return on equity of 53.34% and a net margin of 6.96%. The company had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the prior year, the company posted $0.76 EPS. TJX Companies, Inc. (The)’s quarterly revenue was up 3.2% on a year-over-year basis. On average, equities research analysts forecast that TJX Companies, Inc. will post $3.89 earnings per share for the current fiscal year.

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In other TJX Companies, Inc. (The) news, EVP Richard Sherr sold 20,000 shares of the stock in a transaction dated Friday, April 21st. The stock was sold at an average price of $78.13, for a total value of $1,562,600.00. Following the completion of the sale, the executive vice president now directly owns 121,179 shares in the company, valued at $9,467,715.27. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Scott Goldenberg sold 15,571 shares of the stock in a transaction dated Wednesday, April 19th. The shares were sold at an average price of $77.14, for a total value of $1,201,146.94. Following the completion of the sale, the chief financial officer now owns 105,844 shares of the company’s stock, valued at $8,164,806.16. The disclosure for this sale can be found here. Over the last quarter, insiders sold 40,750 shares of company stock valued at $3,156,056. 0.23% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. TrimTabs Asset Management LLC boosted its stake in shares of 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 purchased a new stake in shares of TJX Companies, Inc. (The) during the first quarter worth approximately $130,000. Jacobi Capital Management LLC boosted its stake in shares of 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. Mosaic Family Wealth LLC boosted its stake in shares of TJX Companies, Inc. (The) by 6.2% in the first quarter. Mosaic Family Wealth LLC now owns 1,862 shares of the apparel and home fashions retailer’s stock worth $147,000 after buying an additional 108 shares in the last quarter. Finally, Howard Hughes Medical Institute purchased a new stake in shares of TJX Companies, Inc. (The) during the first quarter worth approximately $171,000. Institutional investors own 88.95% of the company’s stock.

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.

Analyst Recommendations for TJX Companies, Inc. (The) (NYSE:TJX)

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