BidaskClub upgraded shares of TJX Companies, Inc. (The) (NYSE:TJX) from a sell rating to a hold rating in a research report sent to investors on Wednesday.

Several other analysts also recently weighed in on TJX. Zacks Investment Research downgraded TJX Companies, Inc. (The) from a buy rating to a hold rating in a research note on Wednesday, April 26th. Credit Suisse Group restated a hold rating and set a $79.00 target price on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. BMO Capital Markets restated a buy rating and set a $85.00 target price on shares of TJX Companies, Inc. (The) in a research note on Thursday, June 8th. Instinet restated a buy rating and set a $84.00 target price (down from $87.00) on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. Finally, Nomura restated a buy rating and set a $84.00 target price on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. Four analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $83.72.

TJX Companies, Inc. (NYSE TJX) traded up 0.80% on Wednesday, reaching $70.16. The company had a trading volume of 3,323,160 shares. TJX Companies, Inc. has a 12 month low of $66.65 and a 12 month high of $83.64. The stock has a market capitalization of $45.13 billion, a P/E ratio of 19.93 and a beta of 0.77. The firm has a 50-day moving average of $70.27 and a 200-day moving average of $75.23.

TJX Companies, Inc. (The) (NYSE:TJX) last released its quarterly earnings data on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 EPS for the quarter, beating the 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 analyst estimates of $7.88 billion. During the same period last year, the company posted $0.76 earnings per share. The firm’s revenue was up 3.2% compared to the same quarter last year. On average, equities research analysts expect that TJX Companies, Inc. will post $3.89 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be paid a $0.3125 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $1.25 dividend on an annualized basis and a yield of 1.78%. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is 35.51%.

In related news, EVP Kenneth Canestrari sold 4,000 shares of TJX Companies, Inc. (The) stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $75.80, for a total value of $303,200.00. Following the completion of the transaction, the executive vice president now directly owns 86,243 shares in the company, valued at $6,537,219.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Richard Sherr sold 1,179 shares of the firm’s stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $75.58, for a total transaction of $89,108.82. Following the completion of the transaction, the executive vice president now directly owns 120,000 shares in the company, valued at approximately $9,069,600. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of TJX Companies, Inc. (The) by 1,980.9% in the first quarter. BlackRock Inc. now owns 41,771,049 shares of the apparel and home fashions retailer’s stock worth $3,303,255,000 after buying an additional 39,763,685 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of TJX Companies, Inc. (The) by 19.2% in the first quarter. Wellington Management Group LLP now owns 20,703,582 shares of the apparel and home fashions retailer’s stock worth $1,637,238,000 after buying an additional 3,339,536 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of TJX Companies, Inc. (The) by 63.7% in the first quarter. Ameriprise Financial Inc. now owns 8,416,295 shares of the apparel and home fashions retailer’s stock worth $665,521,000 after buying an additional 3,275,506 shares in the last quarter. Flossbach Von Storch AG boosted its position in shares of TJX Companies, Inc. (The) by 265.0% in the second quarter. Flossbach Von Storch AG now owns 4,152,020 shares of the apparel and home fashions retailer’s stock worth $299,651,000 after buying an additional 3,014,430 shares in the last quarter. Finally, Fiduciary Management Inc. WI acquired a new position in shares of TJX Companies, Inc. (The) during the first quarter worth about $225,702,000. 89.27% of the stock is currently owned by hedge funds and other institutional investors.

About TJX Companies, Inc. (The)

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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