Shares of The TJX Cos. (NYSE:TJX) have received an average recommendation of “Buy” from the twenty-four research firms that are currently covering the firm. Three research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $83.56.

Several equities research analysts recently issued reports on TJX shares. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $92.00 price target on shares of The TJX Cos. in a research note on Monday, August 1st. Jefferies Group set a $75.00 price target on The TJX Cos. and gave the company a “hold” rating in a research note on Tuesday, August 16th. Stifel Nicolaus reiterated a “buy” rating and issued a $92.00 price target on shares of The TJX Cos. in a research note on Wednesday, August 17th. Wedbush boosted their price target on The TJX Cos. from $82.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, August 17th. Finally, Nomura reiterated a “buy” rating and issued a $85.00 price target on shares of The TJX Cos. in a research note on Wednesday, August 17th.

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Shares of The TJX Cos. (NYSE:TJX) opened at 79.24 on Wednesday. The stock has a 50 day moving average price of $74.59 and a 200 day moving average price of $76.58. The firm has a market capitalization of $52.43 billion, a PE ratio of 23.21 and a beta of 0.69. The TJX Cos. has a 1-year low of $65.64 and a 1-year high of $83.64.

The TJX Cos. (NYSE:TJX) last issued its quarterly earnings results on Tuesday, November 15th. The apparel and home fashions retailer reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.04. The business earned $8.29 billion during the quarter, compared to analysts’ expectations of $8.23 billion. The TJX Cos. had a return on equity of 53.12% and a net margin of 7.00%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.86 earnings per share. Equities research analysts anticipate that The TJX Cos. will post $3.48 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 10th will be issued 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 1.31%. The TJX Cos.’s dividend payout ratio (DPR) is presently 30.41%.

In other news, EVP Kenneth Canestrari sold 6,701 shares of the company’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $79.56, for a total transaction of $533,131.56. Following the completion of the transaction, the executive vice president now directly owns 64,871 shares in the company, valued at $5,161,136.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.30% of the company’s stock.

A number of hedge funds have recently bought and sold shares of TJX. Parkside Financial Bank & Trust increased 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 last quarter. Cypress Wealth Advisors LLC increased 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 last quarter. Sequoia Financial Advisors LLC increased 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 last quarter. Washington Trust Bank increased 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 last quarter. Finally, Dorsey & Whitney Trust CO LLC increased 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 last quarter. Institutional investors and hedge funds own 86.82% 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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