Goldman Sachs Group cut shares of TJX Companies (NYSE:TJX) from a conviction-buy rating to a buy rating in a report issued on Tuesday morning. They currently have $79.00 price objective on the apparel and home fashions retailer’s stock.

TJX has been the subject of a number of other reports. Citigroup cut their price objective on TJX Companies from $88.00 to $81.00 and set a buy rating for the company in a research note on Wednesday, November 15th. Wells Fargo & Company set a $76.00 price objective on TJX Companies and gave the company a buy rating in a research note on Tuesday, November 14th. Zacks Investment Research upgraded TJX Companies from a hold rating to a buy rating and set a $80.00 price objective for the company in a research note on Wednesday, August 9th. Instinet reiterated a buy rating and set a $80.00 price objective (down from $83.00) on shares of TJX Companies in a research note on Wednesday, August 16th. Finally, MKM Partners reiterated a buy rating and set a $87.00 price objective on shares of TJX Companies in a research note on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $81.53.

TJX Companies (NYSE TJX) traded down $1.21 during trading on Tuesday, hitting $73.84. The company’s stock had a trading volume of 5,278,900 shares, compared to its average volume of 4,213,818. The company has a market cap of $47,454.31, a P/E ratio of 20.28, a P/E/G ratio of 1.80 and a beta of 0.75. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 0.48. TJX Companies has a 1-year low of $66.44 and a 1-year high of $80.92.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.00. The company had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.86 billion. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.91 EPS. equities research analysts forecast that TJX Companies will post 3.93 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid a $0.3125 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.25 annualized dividend and a yield of 1.69%. TJX Companies’s payout ratio is 33.78%.

Hedge funds have recently bought and sold shares of the business. Fort Pitt Capital Group LLC raised its holdings in shares of TJX Companies by 0.5% during the 2nd quarter. Fort Pitt Capital Group LLC now owns 3,124 shares of the apparel and home fashions retailer’s stock worth $225,000 after acquiring an additional 17 shares in the last quarter. Summit Asset Management LLC raised its holdings in shares of TJX Companies by 0.7% during the 2nd quarter. Summit Asset Management LLC now owns 4,500 shares of the apparel and home fashions retailer’s stock worth $325,000 after acquiring an additional 30 shares in the last quarter. Reliance Trust Co. of Delaware raised its holdings in shares of TJX Companies by 0.9% during the 2nd quarter. Reliance Trust Co. of Delaware now owns 3,487 shares of the apparel and home fashions retailer’s stock worth $251,000 after acquiring an additional 31 shares in the last quarter. FTB Advisors Inc. raised its holdings in shares of TJX Companies by 1.6% during the 2nd quarter. FTB Advisors Inc. now owns 2,235 shares of the apparel and home fashions retailer’s stock worth $159,000 after acquiring an additional 36 shares in the last quarter. Finally, C M Bidwell & Associates Ltd. raised its holdings in shares of TJX Companies by 1.2% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 4,095 shares of the apparel and home fashions retailer’s stock worth $296,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 90.94% of the company’s stock.

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TJX Companies 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 (NYSE:TJX)

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