TJX Companies, Inc. (The) (NYSE:TJX) had its price target trimmed by Buckingham Research from $85.00 to $82.00 in a research note issued to investors on Wednesday morning. They currently have a buy rating on the apparel and home fashions retailer’s stock.

Other analysts have also recently issued research reports about the stock. Instinet reiterated a buy rating and set a $80.00 target price (down previously from $83.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, August 16th. Nomura set a $80.00 target price on shares of TJX Companies, Inc. (The) and gave the company a buy rating in a research report on Wednesday, August 16th. Zacks Investment Research upgraded shares of 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. Goldman Sachs Group, Inc. (The) reissued a buy rating and issued a $90.00 price target (down previously from $97.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, August 16th. Finally, Northcoast Research raised shares of TJX Companies, Inc. (The) from a neutral rating to a buy rating and set a $86.00 price target for the company in a report on Thursday, September 7th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $81.50.

Shares of TJX Companies, Inc. (NYSE TJX) opened at $71.02 on Wednesday. The company has a market cap of $43,940.00, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 1.61 and a beta of 0.72. TJX Companies, Inc. has a 1 year low of $66.44 and a 1 year high of $80.92. The company has a current ratio of 1.63, a quick ratio of 0.80 and a debt-to-equity ratio of 0.49.

TJX Companies, Inc. (The) (NYSE:TJX) last issued its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, meeting the consensus estimate of $1.00. The company had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.86 billion. TJX Companies, Inc. (The) had a net margin of 7.01% and a return on equity of 53.11%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 EPS. equities research analysts forecast that TJX Companies, Inc. will post 3.97 earnings per share for the current fiscal year.

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The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be paid a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date is Wednesday, November 8th. TJX Companies, Inc. (The)’s payout ratio is presently 33.78%.

In other TJX Companies, Inc. (The) 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 sale, the chief executive officer now directly owns 480,821 shares of the company’s stock, valued at approximately $34,869,138.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.23% of the company’s stock.

A number of large investors have recently modified their holdings of TJX. BlackRock Inc. lifted its position in TJX Companies, Inc. (The) by 1,980.9% during the 1st quarter. BlackRock Inc. now owns 41,771,049 shares of the apparel and home fashions retailer’s stock worth $3,303,255,000 after buying an additional 39,763,685 shares in the last quarter. Alliancebernstein L.P. lifted its position in TJX Companies, Inc. (The) by 278.1% during the 2nd quarter. Alliancebernstein L.P. now owns 6,791,045 shares of the apparel and home fashions retailer’s stock worth $490,110,000 after buying an additional 4,994,846 shares in the last quarter. Wellington Management Group LLP lifted its position in TJX Companies, Inc. (The) by 19.2% during the 1st 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 buying an additional 3,339,536 shares in the last quarter. Flossbach Von Storch AG lifted its position in TJX Companies, Inc. (The) by 265.0% during the 2nd quarter. Flossbach Von Storch AG now owns 4,152,020 shares of the apparel and home fashions retailer’s stock worth $299,651,000 after buying an additional 3,014,430 shares in the last quarter. Finally, Fiduciary Management Inc. WI bought a new stake in TJX Companies, Inc. (The) during the 1st quarter worth about $225,702,000. 89.51% of the stock is currently owned by hedge funds and other institutional investors.

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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