TJX Companies, Inc. (The) (NYSE:TJX) has received an average recommendation of “Buy” from the nineteen ratings firms that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $82.76.

A number of research firms have recently commented on TJX. BidaskClub raised TJX Companies, Inc. (The) from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $79.00 price target (down previously from $82.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Jefferies Group LLC set a $80.00 price target on TJX Companies, Inc. (The) and gave the stock a “hold” rating in a research report on Tuesday, May 16th. BMO Capital Markets set a $85.00 price target on TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Monday, July 17th. Finally, Zacks Investment Research raised TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 price target on the stock in a research report on Tuesday, July 18th.

In other TJX Companies, Inc. (The) news, EVP Kenneth Canestrari sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $75.80, for a total value of $303,200.00. Following the completion of the transaction, the executive vice president now directly owns 86,243 shares in the company, valued at $6,537,219.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.23% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Guardian Life Insurance Co. of America increased its position in TJX Companies, Inc. (The) by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 2,514 shares of the apparel and home fashions retailer’s stock worth $199,000 after buying an additional 16 shares in the last quarter. Fort Pitt Capital Group LLC increased its position in TJX Companies, Inc. (The) by 0.5% in the second quarter. Fort Pitt Capital Group LLC now owns 3,124 shares of the apparel and home fashions retailer’s stock worth $225,000 after buying an additional 17 shares in the last quarter. Summit Asset Management LLC increased its position in TJX Companies, Inc. (The) by 0.7% in the second quarter. Summit Asset Management LLC now owns 4,500 shares of the apparel and home fashions retailer’s stock worth $325,000 after buying an additional 30 shares in the last quarter. Reliance Trust Co. of Delaware increased its position in TJX Companies, Inc. (The) by 0.9% in the second quarter. Reliance Trust Co. of Delaware now owns 3,487 shares of the apparel and home fashions retailer’s stock worth $251,000 after buying an additional 31 shares in the last quarter. Finally, WMS Partners LLC increased its position in TJX Companies, Inc. (The) by 0.3% in the first quarter. WMS Partners LLC now owns 10,515 shares of the apparel and home fashions retailer’s stock worth $832,000 after buying an additional 33 shares in the last quarter. Hedge funds and other institutional investors own 88.16% of the company’s stock.

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TJX Companies, Inc. (NYSE:TJX) traded up 0.78% during midday trading on Wednesday, hitting $72.05. 3,126,386 shares of the stock were exchanged. TJX Companies, Inc. has a 12-month low of $66.65 and a 12-month high of $80.92. The stock has a market cap of $45.84 billion, a price-to-earnings ratio of 20.39 and a beta of 0.77. The firm has a 50 day moving average of $70.12 and a 200-day moving average of $74.67.

TJX Companies, Inc. (The) (NYSE:TJX) last released its quarterly earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, topping the Zacks’ consensus estimate of $0.84 by $0.01. The company had revenue of $8.36 billion for the quarter, compared to analyst estimates of $8.29 billion. TJX Companies, Inc. (The) had a return on equity of 52.87% and a net margin of 6.83%. TJX Companies, Inc. (The)’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.84 earnings per share. On average, equities analysts expect that TJX Companies, Inc. will post $3.93 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th will be paid a $0.3125 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.25 dividend on an annualized basis and a yield of 1.73%. TJX Companies, Inc. (The)’s dividend payout ratio is 35.41%.

TJX Companies, Inc. (The) 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 were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.

Analyst Recommendations for TJX Companies, Inc. (The) (NYSE:TJX)

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