The TJX Cos. (NYSE:TJX) – Research analysts at Jefferies Group dropped their Q4 2017 earnings estimates for shares of The TJX Cos. in a research report issued on Tuesday. Jefferies Group analyst R. Konik now anticipates that the brokerage will post earnings of $0.98 per share for the quarter, down from their previous estimate of $0.99. Jefferies Group currently has a “Hold” rating and a $77.00 target price on the stock.

The TJX Cos. (NYSE:TJX) last issued its quarterly earnings data on Tuesday, November 15th. The apparel and home fashions retailer reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.04. The TJX Cos. had a net margin of 7.00% and a return on equity of 53.12%. The firm had revenue of $8.29 billion for the quarter, compared to analyst estimates of $8.23 billion. During the same quarter in the previous year, the business posted $0.86 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year.

Earnings History and Estimates for The TJX Cos. (NYSE:TJX)

TJX has been the topic of several other research reports. Telsey Advisory Group increased their price target on shares of The TJX Cos. from $78.00 to $80.00 and gave the stock a “market perform” rating in a research note on Wednesday. Goldman Sachs Group Inc. restated a “buy” rating and set a $92.00 price target on shares of The TJX Cos. in a research note on Wednesday, August 17th. RBC Capital Markets dropped their price target on shares of The TJX Cos. from $84.00 to $80.00 and set an “outperform” rating on the stock in a research note on Wednesday. Zacks Investment Research upgraded shares of The TJX Cos. from a “hold” rating to a “buy” rating and set a $82.00 price target on the stock in a research note on Wednesday. Finally, Morgan Stanley restated a “hold” rating and set a $77.00 price target on shares of The TJX Cos. in a research note on Wednesday, August 17th. Four research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. The TJX Cos. presently has a consensus rating of “Buy” and a consensus target price of $82.99.

Shares of The TJX Cos. (NYSE:TJX) traded up 0.67% during trading on Thursday, reaching $77.62. 902,785 shares of the company’s stock were exchanged. The TJX Cos. has a 52-week low of $65.64 and a 52-week high of $83.64. The firm has a market capitalization of $50.97 billion, a P/E ratio of 22.54 and a beta of 0.69. The company has a 50 day moving average of $73.98 and a 200 day moving average of $76.53.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 10th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Tuesday, November 8th. The TJX Cos.’s dividend payout ratio (DPR) is presently 30.41%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Atlanta Capital Management Co. L L C raised its position in shares of The TJX Cos. by 10.9% in the first quarter. Atlanta Capital Management Co. L L C now owns 485,433 shares of the apparel and home fashions retailer’s stock valued at $38,034,000 after buying an additional 47,534 shares during the period. Panagora Asset Management Inc. raised its position in shares of 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 during the period. Eachwin Capital LP acquired a new position in shares of The TJX Cos. during the first quarter valued at about $3,485,000. Babson Capital Management LLC raised its position in shares of The TJX Cos. by 39.6% in the first quarter. Babson Capital Management LLC now owns 60,666 shares of the apparel and home fashions retailer’s stock valued at $4,753,000 after buying an additional 17,200 shares during the period. Finally, Peconic Partners LLC acquired a new position in shares of The TJX Cos. during the first quarter valued at about $19,561,000. 87.81% of the stock is currently owned by institutional investors.

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.

5 Day Chart for NYSE:TJX

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