TJX Companies, Inc. (The) (NYSE:TJX) had its price target decreased by Morgan Stanley from $86.00 to $85.00 in a research report report published on Wednesday. Morgan Stanley currently has an overweight rating on the apparel and home fashions retailer’s stock.
Other equities research analysts also recently issued research reports about the company. Instinet reissued a buy rating and issued a $80.00 target price (down previously from $83.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, August 16th. MKM Partners reissued a buy rating and issued a $87.00 target price on shares of TJX Companies, Inc. (The) in a report on Tuesday, September 12th. Citigroup Inc. reduced their target price on TJX Companies, Inc. (The) from $88.00 to $81.00 and set a buy rating for the company in a report on Wednesday. Goldman Sachs Group, Inc. (The) set a $79.00 price target on TJX Companies, Inc. (The) and gave the stock a buy rating in a research note on Wednesday. Finally, BMO Capital Markets set a $85.00 price target on TJX Companies, Inc. (The) and gave the stock a buy rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eighteen have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and a consensus price target of $81.64.
TJX Companies, Inc. (TJX) traded up $1.10 during trading on Wednesday, reaching $69.04. The company’s stock had a trading volume of 10,176,300 shares, compared to its average volume of 4,149,743. TJX Companies, Inc. has a 12 month low of $66.44 and a 12 month 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. The firm has a market capitalization of $43,940.00, a P/E ratio of 18.36, a P/E/G ratio of 1.61 and a beta of 0.72.
TJX Companies, Inc. (The) (NYSE:TJX) last released its earnings results on Monday, November 13th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, meeting analysts’ consensus estimates of $1.00. TJX Companies, Inc. (The) had a return on equity of 53.11% and a net margin of 7.01%. The company had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.86 billion. During the same quarter last year, the company earned $0.91 earnings per share. TJX Companies, Inc. (The)’s quarterly revenue was up 5.7% compared to the same quarter last year. equities analysts anticipate that TJX Companies, Inc. will post 3.97 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be issued a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 1.81%. The ex-dividend date is Wednesday, November 8th. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is 33.78%.
In other TJX Companies, Inc. (The) news, CEO Ernie Herrman sold 20,000 shares of TJX Companies, Inc. (The) stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $72.52, for a total value of $1,450,400.00. Following the completion of the sale, the chief executive officer now 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. 0.23% of the stock is owned by insiders.
Several large investors have recently modified their holdings of TJX. Zions Bancorporation grew its holdings in shares of TJX Companies, Inc. (The) by 185.9% during the 3rd quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock worth $100,000 after purchasing an additional 883 shares during the period. Israel Discount Bank of New York purchased a new stake in shares of TJX Companies, Inc. (The) during the 1st quarter worth about $130,000. Jacobi Capital Management LLC grew its holdings in shares of TJX Companies, Inc. (The) by 12.9% during the 1st quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock worth $133,000 after purchasing an additional 200 shares during the period. Lenox Wealth Management Inc. purchased a new stake in shares of TJX Companies, Inc. (The) during the 2nd quarter worth about $141,000. Finally, Mosaic Family Wealth LLC grew its holdings in shares of TJX Companies, Inc. (The) by 7.2% during the 2nd quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock worth $144,000 after purchasing an additional 134 shares during the period. Institutional investors and hedge funds own 89.51% of the company’s stock.
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.
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