Sanford C. Bernstein began coverage on shares of TJX Companies, Inc. (The) (NYSE:TJX) in a report released on Tuesday, Marketbeat reports. The firm issued an outperform rating and a $88.00 target price on the apparel and home fashions retailer’s stock.

TJX has been the subject of a number of other research reports. BidaskClub raised shares of TJX Companies, Inc. (The) from a sell rating to a hold rating in a report on Thursday, July 6th. Royal Bank Of Canada reaffirmed an outperform rating and issued a $79.00 price objective (down previously from $82.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. Jefferies Group LLC set a $80.00 price objective on shares of TJX Companies, Inc. (The) and gave the company a hold rating in a report on Tuesday, May 16th. BMO Capital Markets set a $85.00 price objective on shares of TJX Companies, Inc. (The) and gave the company a buy rating in a report on Monday, July 17th. Finally, Zacks Investment Research raised shares of TJX Companies, Inc. (The) from a sell rating to a buy rating and set a $79.00 price objective for the company in a report on Tuesday, July 18th. Five investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. TJX Companies, Inc. (The) has an average rating of Buy and a consensus price target of $83.24.

Shares of TJX Companies, Inc. (NYSE:TJX) opened at 73.74 on Tuesday. The stock has a 50 day moving average price of $71.50 and a 200 day moving average price of $74.23. TJX Companies, Inc. has a 1-year low of $66.66 and a 1-year high of $80.92. The stock has a market capitalization of $46.92 billion, a price-to-earnings ratio of 20.87 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 (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.01. TJX Companies, Inc. (The) had a net margin of 6.83% and a return on equity of 52.87%. The firm had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.29 billion. During the same quarter last year, the company posted $0.84 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. Equities research analysts anticipate that TJX Companies, Inc. will post $3.93 EPS for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 1.70%. TJX Companies, Inc. (The)’s payout ratio is presently 35.41%.

In related news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $72.52, for a total transaction of $1,450,400.00. Following the transaction, the chief executive officer now directly owns 480,821 shares in the company, valued at $34,869,138.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.23% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in TJX Companies, Inc. (The) by 1.5% during the second quarter. Vanguard Group Inc. now owns 47,816,796 shares of the apparel and home fashions retailer’s stock worth $3,450,938,000 after acquiring an additional 708,532 shares during the last quarter. BlackRock Inc. boosted its position in TJX Companies, Inc. (The) by 4.8% during the second quarter. BlackRock Inc. now owns 43,767,923 shares of the apparel and home fashions retailer’s stock worth $3,158,729,000 after acquiring an additional 1,996,874 shares during the last quarter. State Street Corp boosted its position in TJX Companies, Inc. (The) by 6.6% during the first quarter. State Street Corp now owns 28,798,593 shares of the apparel and home fashions retailer’s stock worth $2,277,402,000 after acquiring an additional 1,773,046 shares during the last quarter. Wellington Management Group LLP boosted its position in TJX Companies, Inc. (The) by 19.2% during the first quarter. Wellington Management Group LLP now owns 20,703,582 shares of the apparel and home fashions retailer’s stock worth $1,637,238,000 after acquiring an additional 3,339,536 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in TJX Companies, Inc. (The) by 0.6% during the second quarter. Ameriprise Financial Inc. now owns 8,467,659 shares of the apparel and home fashions retailer’s stock worth $610,888,000 after acquiring an additional 51,364 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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