TJX Companies, Inc. (The) (NYSE:TJX)‘s stock had its “outperform” rating reissued by research analysts at BMO Capital Markets in a research report issued to clients and investors on Tuesday.

Other equities research analysts have also recently issued research reports about the company. Cowen and Company set a $80.00 price objective on TJX Companies, Inc. (The) and gave the stock a “buy” rating in a report on Wednesday, May 17th. Nomura reissued a “buy” rating and issued a $84.00 target price on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Instinet reissued a “buy” rating and issued a $84.00 target price (down previously from $87.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Royal Bank Of Canada set a $79.00 target price on TJX Companies, Inc. (The) and gave the stock a “buy” rating in a research report on Monday, June 19th. Finally, Zacks Investment Research raised TJX Companies, Inc. (The) from a “sell” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Tuesday, July 18th. Five research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $82.79.

TJX Companies, Inc. (NYSE TJX) opened at 72.84 on Tuesday. TJX Companies, Inc. has a 12 month low of $66.65 and a 12 month high of $80.92. The stock’s 50 day moving average price is $70.86 and its 200-day moving average price is $74.33. The company has a market capitalization of $46.35 billion, a P/E ratio of 20.62 and a beta of 0.76.

TJX Companies, Inc. (The) (NYSE:TJX) last issued its earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.01. The company had revenue of $8.36 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.84 EPS. On average, equities research analysts predict that TJX Companies, Inc. will post $3.93 EPS for the current fiscal year.

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In other TJX Companies, Inc. (The) news, CEO Ernie Herrman sold 20,000 shares of TJX Companies, Inc. (The) stock in a transaction on Friday, September 1st. The stock was sold at an average price of $72.52, for a total value of $1,450,400.00. Following the completion of the sale, the chief executive officer now owns 480,821 shares of the company’s stock, valued at approximately $34,869,138.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.23% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the company. TrimTabs Asset Management LLC boosted its stake in shares of TJX Companies, Inc. (The) by 88.9% in the 1st quarter. TrimTabs Asset Management LLC now owns 1,411 shares of the apparel and home fashions retailer’s stock worth $112,000 after buying an additional 664 shares during the last quarter. Israel Discount Bank of New York purchased a new position in shares of TJX Companies, Inc. (The) in the 1st quarter worth $130,000. Jacobi Capital Management LLC boosted its stake in shares of TJX Companies, Inc. (The) by 12.9% in the 1st quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock worth $133,000 after buying an additional 200 shares during the last quarter. Lenox Wealth Management Inc. purchased a new position in shares of TJX Companies, Inc. (The) in the 2nd quarter worth $141,000. Finally, Mosaic Family Wealth LLC boosted its stake in shares of TJX Companies, Inc. (The) by 7.2% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock worth $144,000 after buying an additional 134 shares during the last quarter. Hedge funds and other institutional investors own 89.15% of the company’s stock.

About TJX Companies, Inc. (The)

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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