The TJX Cos. (NYSE:TJX) had its target price reduced by research analysts at Royal Bank Of Canada from $84.00 to $80.00 in a research report issued on Wednesday. The brokerage presently has an “outperform” rating on the apparel and home fashions retailer’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 8.86% from the stock’s current price.

Several other analysts have also recently commented on the stock. JPMorgan Chase & Co. reiterated an “overweight” rating and set a $85.00 target price on shares of The TJX Cos. in a research report on Wednesday, October 12th. Zacks Investment Research cut shares of The TJX Cos. from a “buy” rating to a “hold” rating in a research report on Monday, October 24th. Guggenheim reissued a “buy” rating and issued a $85.00 price target on shares of The TJX Cos. in a report on Friday, September 30th. Goldman Sachs Group Inc. reissued a “buy” rating and issued a $92.00 price target on shares of The TJX Cos. in a report on Monday, August 1st. Finally, Morgan Stanley reissued a “hold” rating and issued a $77.00 price target on shares of The TJX Cos. in a report on Wednesday, August 17th. Four equities research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $83.12.

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

Shares of The TJX Cos. (NYSE:TJX) opened at 73.49 on Wednesday. The company’s 50 day moving average price is $73.97 and its 200 day moving average price is $76.57. The TJX Cos. has a one year low of $63.53 and a one year high of $83.64. The stock has a market capitalization of $48.26 billion, a price-to-earnings ratio of 21.34 and a beta of 0.69.

The TJX Cos. (NYSE:TJX) last issued its earnings results on Tuesday, November 15th. The apparel and home fashions retailer reported $0.91 EPS for the quarter, beating the consensus estimate of $0.87 by $0.04. The company earned $8.29 billion during the quarter, compared to analysts’ expectations of $8.23 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 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.86 EPS. On average, analysts expect that The TJX Cos. will post $3.48 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th will be given a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $1.04 dividend on an annualized basis and a yield of 1.42%. The TJX Cos.’s dividend payout ratio is currently 30.15%.

Institutional investors have recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust increased its position in The TJX Cos. by 0.6% in the third quarter. Parkside Financial Bank & Trust now owns 2,002 shares of the apparel and home fashions retailer’s stock valued at $150,000 after buying an additional 11 shares during the last quarter. Cypress Wealth Advisors LLC increased its position in The TJX Cos. by 0.6% in the second quarter. Cypress Wealth Advisors LLC now owns 3,949 shares of the apparel and home fashions retailer’s stock valued at $305,000 after buying an additional 22 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in The TJX Cos. by 0.8% in the second quarter. Sequoia Financial Advisors LLC now owns 3,639 shares of the apparel and home fashions retailer’s stock valued at $281,000 after buying an additional 30 shares during the last quarter. Washington Trust Bank increased its position in The TJX Cos. by 0.3% in the second quarter. Washington Trust Bank now owns 11,038 shares of the apparel and home fashions retailer’s stock valued at $852,000 after buying an additional 36 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its position in The TJX Cos. by 1.3% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 3,139 shares of the apparel and home fashions retailer’s stock valued at $234,000 after buying an additional 39 shares during the last quarter. 87.81% of the stock is owned by hedge funds and other institutional investors.

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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