Wells Fargo & Company set a $76.00 price target on TJX Companies, Inc. (The) (NYSE:TJX) in a research note issued to investors on Tuesday. The brokerage currently has a buy rating on the apparel and home fashions retailer’s stock.

A number of other research firms have also recently issued reports on TJX. Jefferies Group LLC reaffirmed a hold rating and issued a $75.00 price target on shares of TJX Companies, Inc. (The) in a report on Thursday, September 28th. Royal Bank Of Canada reaffirmed a buy rating and issued a $76.00 price target on shares of TJX Companies, Inc. (The) in a report on Monday, September 18th. Northcoast Research raised shares of TJX Companies, Inc. (The) from a neutral rating to a buy rating and set a $86.00 price target for the company in a report on Thursday, September 7th. They noted that the move was a valuation call. Zacks Investment Research raised shares of TJX Companies, Inc. (The) from a hold rating to a buy rating and set a $82.00 price target for the company in a report on Tuesday, October 10th. Finally, BMO Capital Markets reaffirmed an outperform rating on shares of TJX Companies, Inc. (The) in a report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seventeen have assigned a buy rating to the stock. TJX Companies, Inc. (The) currently has a consensus rating of Buy and an average price target of $81.50.

Shares of TJX Companies, Inc. (NYSE TJX) opened at $71.02 on Tuesday. TJX Companies, Inc. has a 52-week low of $66.44 and a 52-week high of $80.92. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.80 and a current ratio of 1.63. The company has a market cap of $43,940.00, a P/E ratio of 18.36, a P/E/G ratio of 1.61 and a beta of 0.72.

TJX Companies, Inc. (The) (NYSE:TJX) last posted its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.00. The company had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.86 billion. TJX Companies, Inc. (The) had a net margin of 7.01% and a return on equity of 53.11%. TJX Companies, Inc. (The)’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.91 earnings per share. equities analysts forecast that TJX Companies, Inc. will post 3.97 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “TJX Companies, Inc. (The) (TJX) Given a $76.00 Price Target at Wells Fargo & Company” was originally published by Daily Political and is owned by of Daily Political. If you are accessing this report on another website, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The correct version of this report can be accessed at https://www.dailypolitical.com/2017/11/18/tjx-companies-inc-the-tjx-given-a-76-00-price-target-at-wells-fargo-company.html.

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be given a dividend of $0.3125 per share. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $1.25 annualized dividend and a yield of 1.76%. TJX Companies, Inc. (The)’s dividend payout ratio is presently 33.78%.

In related news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $72.52, for a total transaction of $1,450,400.00. Following the sale, the chief executive officer now owns 480,821 shares in the company, valued at $34,869,138.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.23% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Zions Bancorporation grew its position in TJX Companies, Inc. (The) by 185.9% during the third quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock valued at $100,000 after buying an additional 883 shares during the period. Israel Discount Bank of New York acquired a new stake in shares of TJX Companies, Inc. (The) in the first quarter valued at about $130,000. Jacobi Capital Management LLC grew its position 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 valued at $133,000 after purchasing an additional 200 shares during the period. Lenox Wealth Management Inc. acquired a new stake in shares of TJX Companies, Inc. (The) in the second quarter valued at about $141,000. Finally, Mosaic Family Wealth LLC grew its position in shares of TJX Companies, Inc. (The) by 7.2% in the second quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock valued at $144,000 after purchasing an additional 134 shares during the period. Institutional investors own 89.51% of the company’s stock.

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)

Receive News & Ratings for TJX Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies Inc. (The) and related companies with MarketBeat.com's FREE daily email newsletter.