The TJX Cos. (NYSE:TJX) has been assigned an average rating of “Buy” from the twenty-five research firms that are covering the company. Five investment analysts have rated the stock with a hold recommendation and twenty have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $83.28.

Several analysts recently weighed in on TJX shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $85.00 price objective on shares of The TJX Cos. in a research note on Wednesday, October 12th. Zacks Investment Research lowered The TJX Cos. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Guggenheim reaffirmed a “buy” rating and issued a $85.00 price objective on shares of The TJX Cos. in a research note on Friday, September 30th. Wells Fargo & Co. reissued a “buy” rating on shares of The TJX Cos. in a research note on Monday, June 27th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $85.00 price target on shares of The TJX Cos. in a research note on Thursday, June 30th.

Several hedge funds and other institutional investors have recently made changes to their positions in TJX. Dock Street Asset Management Inc. boosted its position in shares of The TJX Cos. by 0.5% in the second quarter. Dock Street Asset Management Inc. now owns 178,048 shares of the apparel and home fashions retailer’s stock valued at $13,751,000 after buying an additional 904 shares during the last quarter. Renaissance Technologies LLC acquired a new position in The TJX Cos. during the first quarter valued at $42,771,000. Royal Bank of Canada boosted its position in The TJX Cos. by 6.1% in the first quarter. Royal Bank of Canada now owns 4,497,397 shares of the apparel and home fashions retailer’s stock valued at $352,370,000 after buying an additional 259,312 shares in the last quarter. Panagora Asset Management Inc. boosted its position in The TJX Cos. by 30.5% in the first quarter. Panagora Asset Management Inc. now owns 422,280 shares of the apparel and home fashions retailer’s stock valued at $33,086,000 after buying an additional 98,770 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in The TJX Cos. by 1.7% in the first quarter. Legal & General Group Plc now owns 3,246,607 shares of the apparel and home fashions retailer’s stock valued at $254,373,000 after buying an additional 55,499 shares in the last quarter. 88.74% of the stock is currently owned by institutional investors.

The TJX Cos. (NYSE:TJX) traded up 0.44% during mid-day trading on Wednesday, hitting $73.48. 1,159,023 shares of the company traded hands. The TJX Cos. has a one year low of $63.53 and a one year high of $83.64. The company’s 50-day moving average price is $75.21 and its 200 day moving average price is $77.02. The company has a market capitalization of $48.25 billion, a price-to-earnings ratio of 21.34 and a beta of 0.65.

The TJX Cos. (NYSE:TJX) last released its quarterly earnings data on Tuesday, August 16th. The apparel and home fashions retailer reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.03. The business had revenue of $7.88 billion for the quarter, compared to analyst estimates of $7.85 billion. The TJX Cos. had a return on equity of 52.69% and a net margin of 7.23%. The TJX Cos.’s revenue was up 7.0% compared to the same quarter last year. During the same period last year, the firm posted $0.80 earnings per share. On average, analysts anticipate 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 given a dividend of $0.26 per share. The ex-dividend date is Tuesday, November 8th. This represents a $1.04 annualized dividend and a dividend yield of 1.42%. The TJX Cos.’s payout ratio is 30.15%.

About The TJX Cos.

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.

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