Wells Fargo & Co reissued their hold rating on shares of TJX Companies (NYSE:TJX) in a research note issued to investors on Tuesday.

Other research analysts also recently issued research reports about the company. Guggenheim reissued a buy rating on shares of TJX Companies in a report on Tuesday, August 21st. Buckingham Research increased their target price on TJX Companies from $50.00 to $56.00 and gave the company a buy rating in a report on Monday, August 20th. Deutsche Bank increased their target price on TJX Companies from $50.00 to $52.50 and gave the company a buy rating in a report on Monday, August 20th. Citigroup increased their target price on TJX Companies from $48.00 to $55.50 and gave the company a buy rating in a report on Tuesday, July 31st. Finally, Cowen reissued a buy rating and issued a $57.00 target price on shares of TJX Companies in a report on Tuesday, July 31st. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the company’s stock. TJX Companies presently has an average rating of Buy and an average target price of $53.62.

TJX stock opened at $46.82 on Tuesday. TJX Companies has a fifty-two week low of $35.05 and a fifty-two week high of $56.64. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.77 and a current ratio of 1.64. The stock has a market capitalization of $60.59 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 1.82 and a beta of 0.65.

TJX Companies (NYSE:TJX) last posted its earnings results on Tuesday, November 20th. The apparel and home fashions retailer reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. TJX Companies had a return on equity of 58.66% and a net margin of 7.88%. The company had revenue of $9.83 billion for the quarter, compared to the consensus estimate of $9.50 billion. During the same quarter in the prior year, the company earned $1.00 earnings per share. TJX Companies’s revenue was up 12.1% on a year-over-year basis. On average, equities analysts predict that TJX Companies will post 2.47 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 6th. Investors of record on Thursday, November 15th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.33%. The ex-dividend date is Wednesday, November 14th. TJX Companies’s dividend payout ratio is currently 38.61%.

Several large investors have recently added to or reduced their stakes in the stock. Morgan Stanley grew its position in shares of TJX Companies by 7.1% during the third quarter. Morgan Stanley now owns 3,380,174 shares of the apparel and home fashions retailer’s stock worth $378,648,000 after purchasing an additional 224,439 shares in the last quarter. Kepos Capital LP grew its position in shares of TJX Companies by 160.7% during the third quarter. Kepos Capital LP now owns 49,627 shares of the apparel and home fashions retailer’s stock worth $5,559,000 after purchasing an additional 30,588 shares in the last quarter. B. Riley Wealth Management Inc. purchased a new stake in shares of TJX Companies during the third quarter worth about $313,000. TIAA CREF Investment Management LLC grew its position in shares of TJX Companies by 13.8% during the third quarter. TIAA CREF Investment Management LLC now owns 2,825,744 shares of the apparel and home fashions retailer’s stock worth $316,540,000 after purchasing an additional 343,053 shares in the last quarter. Finally, Teachers Advisors LLC grew its position in shares of TJX Companies by 5.0% during the third quarter. Teachers Advisors LLC now owns 1,180,701 shares of the apparel and home fashions retailer’s stock worth $132,262,000 after purchasing an additional 56,480 shares in the last quarter. Hedge funds and other institutional investors own 45.09% of the company’s stock.

TJX Companies Company Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, accent furniture, lamps, rugs, wall d├ęcor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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Analyst Recommendations for TJX Companies (NYSE:TJX)

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