The TJX Cos. (NYSE:TJX) had its price target lifted by research analysts at Wedbush from $84.00 to $85.00 in a report issued on Wednesday. The brokerage presently has an “outperform” rating on the apparel and home fashions retailer’s stock. Wedbush’s price target would indicate a potential upside of 15.66% from the company’s current price.

A number of other analysts have also recently weighed in on TJX. Zacks Investment Research cut shares of The TJX Cos. from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Goldman Sachs Group Inc. reissued a “buy” rating and set a $92.00 target price on shares of The TJX Cos. in a research note on Monday, August 1st. Jefferies Group set a $75.00 target price on shares of The TJX Cos. and gave the company a “hold” rating in a research note on Tuesday, August 16th. Stifel Nicolaus reissued a “buy” rating and set a $92.00 target price on shares of The TJX Cos. in a research note on Wednesday, August 17th. Finally, Nomura reissued a “buy” rating and set a $85.00 target price on shares of The TJX Cos. in a research note on Wednesday, August 17th. Five investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $83.38.

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

The TJX Cos. (NYSE:TJX) opened at 73.49 on Wednesday. The company’s 50 day moving average is $73.97 and its 200 day moving average is $76.57. The TJX Cos. has a 52 week low of $63.53 and a 52 week high of $83.64. The stock has a market cap of $48.26 billion, a P/E ratio of 21.34 and a beta of 0.69.

The TJX Cos. (NYSE:TJX) last released its quarterly earnings data on Tuesday, November 15th. The apparel and home fashions retailer reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.04. The TJX Cos. had a net margin of 7.23% and a return on equity of 52.69%. The business had revenue of $8.29 billion for the quarter, compared to analysts’ expectations of $8.23 billion. During the same quarter last year, the company earned $0.86 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. Equities analysts predict that The TJX Cos. will post $3.48 earnings per share for the current year.

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

A number of hedge funds have recently bought and sold shares of the stock. Parkside Financial Bank & Trust boosted its stake 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 worth $150,000 after buying an additional 11 shares during the period. Cypress Wealth Advisors LLC boosted its stake 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 worth $305,000 after buying an additional 22 shares during the period. Sequoia Financial Advisors LLC boosted its stake 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 worth $281,000 after buying an additional 30 shares during the period. Washington Trust Bank boosted its stake 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 worth $852,000 after buying an additional 36 shares during the period. Finally, Dorsey & Whitney Trust CO LLC boosted its stake 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 worth $234,000 after buying an additional 39 shares during the period. Hedge funds and other institutional investors own 87.81% of the company’s stock.

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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