TJX Companies, Inc. (The) (TJX) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of TJX Companies, Inc. (The) (NYSE:TJX) from a hold rating to a buy rating in a research note released on Tuesday morning. They currently have $82.00 target price on the apparel and home fashions retailer’s stock.

According to Zacks, “After declining for the last few quarters, shares of TJX Companies have started improving since past three months owing to its aggressive store opening, brand enhancing initiatives and growing e-commerce business. Moreover higher store traffic has been aiding comps growth for the company since the past 33 quarters, even though the comps growth rate has been slowing down. As traditional retailers struggle in the face of changing consumer tastes and rising competition, TJX Companies has maintained its solid earnings trend and outpaced estimates for the last 11 quarters. We also observed that its top-line surpassed estimates in 9 out the last 11 quarters. The company also adheres to advertising and marketing campaigns to further drive its top-line. Nevertheless, TJX Companies has been facing margin pressure due to higher payroll and pension related costs. Also unfavorable foreign currency translations remain a concern.”

Several other research firms have also recently commented on TJX. BidaskClub raised shares of TJX Companies, Inc. (The) from a strong sell rating to a sell rating in a research report on Wednesday, June 28th. Credit Suisse Group set a $72.00 target price on shares of TJX Companies, Inc. (The) and gave the stock a neutral rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada dropped their target price on shares of TJX Companies, Inc. (The) from $79.00 to $76.00 and set an outperform rating on the stock in a research report on Wednesday, August 16th. Jefferies Group LLC reissued a hold rating and set a $75.00 target price on shares of TJX Companies, Inc. (The) in a research report on Thursday, September 28th. Finally, Nomura set a $80.00 target price on shares of TJX Companies, Inc. (The) and gave the stock a buy rating in a research report on Wednesday, August 16th. Four investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $83.25.

TJX Companies, Inc. (NYSE:TJX) opened at 72.25 on Tuesday. TJX Companies, Inc. has a 12 month low of $66.66 and a 12 month high of $80.92. The firm’s 50-day moving average price is $72.86 and its 200-day moving average price is $73.53. The firm has a market cap of $45.97 billion, a P/E ratio of 20.45 and a beta of 0.78.

TJX Companies, Inc. (The) (NYSE:TJX) last posted its earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 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 for the quarter, compared to analysts’ expectations of $8.29 billion. During the same quarter last year, the firm earned $0.84 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts expect that TJX Companies, Inc. will post $3.93 EPS for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th will be paid a dividend of $0.3125 per share. The ex-dividend date is Wednesday, November 8th. This represents a $1.25 annualized dividend and a dividend yield of 1.73%. TJX Companies, Inc. (The)’s payout ratio is currently 35.41%.

In related news, CEO Ernie Herrman sold 20,000 shares of TJX Companies, Inc. (The) stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $72.52, for a total value of $1,450,400.00. Following the completion of the transaction, the chief executive officer now directly owns 480,821 shares in the company, valued at approximately $34,869,138.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.23% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. TrimTabs Asset Management LLC grew its stake in 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 valued at $112,000 after buying an additional 664 shares in the last quarter. Israel Discount Bank of New York purchased a new position in TJX Companies, Inc. (The) in the 1st quarter valued at approximately $130,000. Jacobi Capital Management LLC grew its stake in 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 valued at $133,000 after buying an additional 200 shares in the last quarter. Mosaic Family Wealth LLC grew its stake in TJX Companies, Inc. (The) by 6.2% in the 1st quarter. Mosaic Family Wealth LLC now owns 1,862 shares of the apparel and home fashions retailer’s stock valued at $147,000 after buying an additional 108 shares in the last quarter. Finally, Lenox Wealth Management Inc. purchased a new position in TJX Companies, Inc. (The) in the 2nd quarter valued at approximately $141,000. Institutional investors and hedge funds own 89.14% of the company’s stock.

According to Zacks, “After declining for the last few quarters, shares of TJX Companies have started improving since past three months owing to its aggressive store opening, brand enhancing initiatives and growing e-commerce business. Moreover higher store traffic has been aiding comps growth for the company since the past 33 quarters, even though the comps growth rate has been slowing down. As traditional retailers struggle in the face of changing consumer tastes and rising competition, TJX Companies has maintained its solid earnings trend and outpaced estimates for the last 11 quarters. We also observed that its top-line surpassed estimates in 9 out the last 11 quarters. The company also adheres to advertising and marketing campaigns to further drive its top-line. Nevertheless, TJX Companies has been facing margin pressure due to higher payroll and pension related costs. Also unfavorable foreign currency translations remain a concern.”

Several other research firms have also recently commented on TJX. BidaskClub raised shares of TJX Companies, Inc. (The) from a strong sell rating to a sell rating in a research report on Wednesday, June 28th. Credit Suisse Group set a $72.00 target price on shares of TJX Companies, Inc. (The) and gave the stock a neutral rating in a research report on Wednesday, August 2nd. Royal Bank Of Canada dropped their target price on shares of TJX Companies, Inc. (The) from $79.00 to $76.00 and set an outperform rating on the stock in a research report on Wednesday, August 16th. Jefferies Group LLC reissued a hold rating and set a $75.00 target price on shares of TJX Companies, Inc. (The) in a research report on Thursday, September 28th. Finally, Nomura set a $80.00 target price on shares of TJX Companies, Inc. (The) and gave the stock a buy rating in a research report on Wednesday, August 16th. Four investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $83.25.

TJX Companies, Inc. (NYSE:TJX) opened at 72.25 on Tuesday. TJX Companies, Inc. has a 12 month low of $66.66 and a 12 month high of $80.92. The firm’s 50-day moving average price is $72.86 and its 200-day moving average price is $73.53. The firm has a market cap of $45.97 billion, a P/E ratio of 20.45 and a beta of 0.78.

TJX Companies, Inc. (The) (NYSE:TJX) last posted its earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 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 for the quarter, compared to analysts’ expectations of $8.29 billion. During the same quarter last year, the firm earned $0.84 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities research analysts expect that TJX Companies, Inc. will post $3.93 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of United States & international trademark & copyright law. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/10/11/tjx-companies-inc-the-tjx-upgraded-by-zacks-investment-research-to-buy.html.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th will be paid a dividend of $0.3125 per share. The ex-dividend date is Wednesday, November 8th. This represents a $1.25 annualized dividend and a dividend yield of 1.73%. TJX Companies, Inc. (The)’s payout ratio is currently 35.41%.

In related news, CEO Ernie Herrman sold 20,000 shares of TJX Companies, Inc. (The) stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $72.52, for a total value of $1,450,400.00. Following the completion of the transaction, the chief executive officer now directly owns 480,821 shares in the company, valued at approximately $34,869,138.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.23% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. TrimTabs Asset Management LLC grew its stake in 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 valued at $112,000 after buying an additional 664 shares in the last quarter. Israel Discount Bank of New York purchased a new position in TJX Companies, Inc. (The) in the 1st quarter valued at approximately $130,000. Jacobi Capital Management LLC grew its stake in 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 valued at $133,000 after buying an additional 200 shares in the last quarter. Mosaic Family Wealth LLC grew its stake in TJX Companies, Inc. (The) by 6.2% in the 1st quarter. Mosaic Family Wealth LLC now owns 1,862 shares of the apparel and home fashions retailer’s stock valued at $147,000 after buying an additional 108 shares in the last quarter. Finally, Lenox Wealth Management Inc. purchased a new position in TJX Companies, Inc. (The) in the 2nd quarter valued at approximately $141,000. Institutional investors and hedge funds own 89.14% 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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