BMO Capital Markets restated their buy rating on shares of The TJX Cos. (NYSE:TJX) in a research report released on Wednesday morning. The brokerage currently has a $85.00 target price on the apparel and home fashions retailer’s stock.

A number of other equities analysts have also recently issued reports on the stock. Nomura reiterated a buy rating and set a $85.00 price objective on shares of The TJX Cos. in a research report on Wednesday, August 17th. Guggenheim reiterated a buy rating and set a $85.00 price objective on shares of The TJX Cos. in a research report on Friday, September 30th. Goldman Sachs Group Inc. reiterated a buy rating and set a $92.00 price objective on shares of The TJX Cos. in a research report on Wednesday, August 17th. Stifel Nicolaus reiterated a buy rating and set a $92.00 price objective on shares of The TJX Cos. in a research report on Wednesday, August 17th. Finally, Zacks Investment Research upgraded shares of The TJX Cos. from a hold rating to a buy rating and set a $82.00 price objective for the company in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The stock has an average rating of Buy and an average target price of $82.99.

Shares of The TJX Cos. (NYSE:TJX) traded down 0.03% during mid-day trading on Wednesday, reaching $76.37. 2,284,360 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $73.90 and a 200-day moving average price of $76.53. The TJX Cos. has a 12 month low of $65.64 and a 12 month high of $83.64. The stock has a market cap of $50.15 billion, a PE ratio of 22.17 and a beta of 0.69.

The TJX Cos. (NYSE:TJX) last issued 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 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 earned $8.29 billion during the quarter, compared to analysts’ expectations of $8.23 billion. During the same quarter in the previous year, the company earned $0.86 EPS. The business’s revenue was up 6.9% on a year-over-year basis. On average, analysts predict 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. Investors 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 1.36%. The ex-dividend date is Tuesday, November 8th. The TJX Cos.’s dividend payout ratio is currently 30.15%.

Large investors have recently made changes to their positions in the stock. FMR LLC increased its stake in shares of The TJX Cos. by 0.7% in the second quarter. FMR LLC now owns 46,045,016 shares of the apparel and home fashions retailer’s stock worth $3,556,057,000 after buying an additional 333,779 shares in the last quarter. Vanguard Group Inc. increased its position in The TJX Cos. by 0.6% in the second quarter. Vanguard Group Inc. now owns 43,360,847 shares of the apparel and home fashions retailer’s stock valued at $3,348,757,000 after buying an additional 239,983 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in The TJX Cos. by 3.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 18,773,971 shares of the apparel and home fashions retailer’s stock valued at $1,449,914,000 after buying an additional 652,818 shares during the period. JPMorgan Chase & Co. increased its position in The TJX Cos. by 28.5% in the third quarter. JPMorgan Chase & Co. now owns 13,526,285 shares of the apparel and home fashions retailer’s stock valued at $1,011,496,000 after buying an additional 2,996,299 shares during the period. Finally, BlackRock Fund Advisors increased its position in The TJX Cos. by 2.6% in the third quarter. BlackRock Fund Advisors now owns 10,334,613 shares of the apparel and home fashions retailer’s stock valued at $772,822,000 after buying an additional 260,401 shares during the period. 87.81% of the stock is currently owned by institutional investors and hedge funds.

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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