The TJX Cos. (NYSE:TJX)‘s stock had its “overweight” rating reissued by stock analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday. They presently have a $85.00 price target on the apparel and home fashions retailer’s stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 14.51% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of The TJX Cos. from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Deutsche Bank AG reiterated a “buy” rating on shares of The TJX Cos. in a report on Tuesday, June 14th. BMO Capital Markets reiterated an “outperform” rating and issued a $85.00 target price on shares of The TJX Cos. in a report on Thursday, August 18th. Miller Tabak assumed coverage on shares of The TJX Cos. in a report on Friday, June 24th. They issued a “buy” rating and a $91.00 target price on the stock. Finally, Goldman Sachs Group Inc. restated a “buy” rating and set a $92.00 price objective on shares of The TJX Cos. in a report on Monday, August 1st. Five investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $83.51.

Analyst Recommendations for The TJX Cos. (NYSE:TJX)

The TJX Cos. (NYSE:TJX) opened at 74.23 on Wednesday. The firm has a market capitalization of $48.74 billion, a P/E ratio of 21.55 and a beta of 0.65. The company has a 50-day moving average price of $75.86 and a 200-day moving average price of $77.17. The TJX Cos. has a 1-year low of $63.53 and a 1-year high of $83.64.

The TJX Cos. (NYSE:TJX) last posted its earnings results on Tuesday, August 16th. The apparel and home fashions retailer reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.03. The company had revenue of $7.88 billion for the quarter, compared to analyst estimates of $7.85 billion. The TJX Cos. had a net margin of 7.23% and a return on equity of 52.69%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period last year, the business posted $0.80 earnings per share. On average, equities research analysts predict that The TJX Cos. will post $3.49 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Thursday, November 10th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Tuesday, November 8th. The TJX Cos.’s payout ratio is 30.15%.

Several hedge funds have recently made changes to their positions in the company. First Financial Bank N.A. Trust Division boosted its stake in shares of The TJX Cos. by 4.3% in the third quarter. First Financial Bank N.A. Trust Division now owns 57,841 shares of the apparel and home fashions retailer’s stock valued at $4,326,000 after buying an additional 2,373 shares during the period. Reilly Herbert Faulkner III boosted its stake in shares of The TJX Cos. by 2.0% in the third quarter. Reilly Herbert Faulkner III now owns 55,294 shares of the apparel and home fashions retailer’s stock valued at $4,135,000 after buying an additional 1,094 shares during the period. Naples Global Advisors LLC boosted its stake in shares of The TJX Cos. by 7.7% in the third quarter. Naples Global Advisors LLC now owns 3,039 shares of the apparel and home fashions retailer’s stock valued at $227,000 after buying an additional 218 shares during the period. Advisory Services Network LLC boosted its stake in shares of The TJX Cos. by 10.6% in the third quarter. Advisory Services Network LLC now owns 6,989 shares of the apparel and home fashions retailer’s stock valued at $523,000 after buying an additional 668 shares during the period. Finally, Oliver Luxxe Assets LLC boosted its stake in shares of The TJX Cos. by 6.3% in the third quarter. Oliver Luxxe Assets LLC now owns 16,552 shares of the apparel and home fashions retailer’s stock valued at $1,238,000 after buying an additional 988 shares during the period. 88.78% of the stock is owned by institutional investors and hedge funds.

The TJX Cos. 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 are collectively the off-price retailer in the United States with a total of approximately 2,163 stores.

5 Day Chart for NYSE:TJX

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