TJX Companies, Inc. (The) (NYSE:TJX) has been given an average recommendation of “Buy” by the nineteen research firms that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $83.72.

A number of equities research analysts have weighed in on TJX shares. Cowen and Company set a $80.00 target price on TJX Companies, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, May 17th. Nomura reaffirmed a “buy” rating and issued a $84.00 target price on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. Zacks Investment Research raised TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $88.00 target price on the stock in a report on Tuesday, April 25th. Instinet reaffirmed a “buy” rating and issued a $84.00 target price (down previously from $87.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. Finally, Royal Bank Of Canada set a $79.00 target price on TJX Companies, Inc. (The) and gave the company a “buy” rating in a report on Monday, June 19th.

In other TJX Companies, Inc. (The) news, EVP Richard Sherr sold 1,179 shares of the 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 sale, the executive vice president now directly owns 120,000 shares in the company, valued at approximately $9,069,600. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kenneth Canestrari sold 4,000 shares of 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 sale, the executive vice president now owns 86,243 shares of the company’s stock, valued at $6,537,219.40. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.

A number of hedge funds have recently modified their holdings of TJX. Marathon Asset Management LLP increased its stake in shares of TJX Companies, Inc. (The) by 3.9% in the first quarter. Marathon Asset Management LLP now owns 80,895 shares of the apparel and home fashions retailer’s stock worth $6,397,000 after buying an additional 3,059 shares during the last quarter. Ipswich Investment Management Co. Inc. increased its stake in shares of TJX Companies, Inc. (The) by 0.3% in the first quarter. Ipswich Investment Management Co. Inc. now owns 30,270 shares of the apparel and home fashions retailer’s stock worth $2,394,000 after buying an additional 95 shares during the last quarter. Bank of Montreal Can increased its stake in shares of TJX Companies, Inc. (The) by 2.9% in the first quarter. Bank of Montreal Can now owns 1,747,194 shares of the apparel and home fashions retailer’s stock worth $138,168,000 after buying an additional 49,980 shares during the last quarter. Legacy Private Trust Co. increased its stake in shares of TJX Companies, Inc. (The) by 20.0% in the first quarter. Legacy Private Trust Co. now owns 6,894 shares of the apparel and home fashions retailer’s stock worth $545,000 after buying an additional 1,148 shares during the last quarter. Finally, National Pension Service increased its stake in shares of TJX Companies, Inc. (The) by 5.7% in the first quarter. National Pension Service now owns 501,290 shares of the apparel and home fashions retailer’s stock worth $39,988,000 after buying an additional 26,881 shares during the last quarter. Hedge funds and other institutional investors own 89.85% of the company’s stock.

Shares of TJX Companies, Inc. (NYSE:TJX) traded up 2.14% during trading on Friday, reaching $71.87. The company’s stock had a trading volume of 2,623,315 shares. TJX Companies, Inc. has a 52-week low of $66.65 and a 52-week high of $83.64. The firm’s 50-day moving average is $70.27 and its 200 day moving average is $75.23. The company has a market cap of $46.23 billion, a PE ratio of 20.41 and a beta of 0.77.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th will be issued a dividend of $0.3125 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.25 dividend on an annualized basis and a yield of 1.77%. TJX Companies, Inc. (The)’s payout ratio is currently 35.51%.

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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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