Investors purchased shares of TJX Companies, Inc. (The) (NYSE:TJX) on weakness during trading on Thursday. $47.66 million flowed into the stock on the tick-up and $21.78 million flowed out of the stock on the tick-down, for a money net flow of $25.88 million into the stock. Of all equities tracked, TJX Companies, Inc. (The) had the 23rd highest net in-flow for the day. TJX Companies, Inc. (The) traded down ($0.21) for the day and closed at $73.95

A number of equities analysts have weighed in on TJX shares. Zacks Investment Research raised TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research report on Wednesday, August 9th. BMO Capital Markets set a $85.00 price target on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a research report on Monday, July 17th. Royal Bank Of Canada set a $79.00 price target on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a research report on Monday, June 19th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $90.00 price target (down previously from $97.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, August 16th. Finally, Nomura set a $80.00 price target on shares of TJX Companies, Inc. (The) and gave the company a “buy” rating in a research report on Wednesday, August 16th. Five research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $83.24.

The company has a market cap of $46.91 billion, a P/E ratio of 20.87 and a beta of 0.76. The firm’s 50 day moving average is $71.68 and its 200-day moving average is $74.08.

TJX Companies, Inc. (The) (NYSE:TJX) last released its quarterly earnings data on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share 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%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 earnings per share. Equities research analysts forecast that TJX Companies, Inc. will post $3.93 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be paid a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend is Wednesday, November 8th. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is currently 35.41%.

In other TJX Companies, Inc. (The) news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on Friday, September 1st. The stock was 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 owns 480,821 shares of the company’s stock, valued at $34,869,138.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.23% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in shares of TJX Companies, Inc. (The) by 1,980.9% in the 1st quarter. BlackRock Inc. now owns 41,771,049 shares of the apparel and home fashions retailer’s stock valued at $3,303,255,000 after purchasing an additional 39,763,685 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of TJX Companies, Inc. (The) by 278.1% in the 2nd quarter. Alliancebernstein L.P. now owns 6,791,045 shares of the apparel and home fashions retailer’s stock valued at $490,110,000 after purchasing an additional 4,994,846 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of TJX Companies, Inc. (The) by 19.2% in the 1st quarter. Wellington Management Group LLP now owns 20,703,582 shares of the apparel and home fashions retailer’s stock valued at $1,637,238,000 after purchasing an additional 3,339,536 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of TJX Companies, Inc. (The) by 63.7% in the 1st quarter. Ameriprise Financial Inc. now owns 8,416,295 shares of the apparel and home fashions retailer’s stock valued at $665,521,000 after purchasing an additional 3,275,506 shares during the last quarter. Finally, Flossbach Von Storch AG lifted its stake in shares of TJX Companies, Inc. (The) by 265.0% in the 2nd quarter. Flossbach Von Storch AG now owns 4,152,020 shares of the apparel and home fashions retailer’s stock valued at $299,651,000 after purchasing an additional 3,014,430 shares during the last quarter. 89.13% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This story was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark legislation. The original version of this story can be read at https://www.thecerbatgem.com/2017/09/30/investors-buy-shares-of-tjx-companies-inc-the-tjx-on-weakness.html.

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.

Receive News & Stock Ratings for TJX Companies Inc. (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies Inc. (The) and related stocks with our FREE daily email newsletter.