Buckingham Research Cuts TJX Companies, Inc. (The) (TJX) Price Target to $82.00
TJX Companies, Inc. (The) (NYSE:TJX) had its price target trimmed by Buckingham Research from $85.00 to $82.00 in a report released on Wednesday. The brokerage currently has a buy rating on the apparel and home fashions retailer’s stock.
Several other analysts have also recently commented on TJX. Zacks Investment Research upgraded TJX Companies, Inc. (The) from a sell rating to a buy rating and set a $79.00 target price on the stock in a report on Tuesday, July 18th. BidaskClub cut TJX Companies, Inc. (The) from a sell rating to a strong sell rating in a report on Thursday, July 27th. Credit Suisse Group set a $72.00 target price on TJX Companies, Inc. (The) and gave the company a neutral rating in a report on Wednesday, August 2nd. Royal Bank Of Canada reduced their target price on TJX Companies, Inc. (The) from $79.00 to $76.00 and set an outperform rating on the stock in a report on Wednesday, August 16th. Finally, The Goldman Sachs Group, Inc. reiterated a buy rating and issued a $90.00 target price (down from $97.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seventeen have issued a buy rating to the stock. TJX Companies, Inc. (The) presently has a consensus rating of Buy and an average target price of $81.50.
TJX Companies, Inc. (NYSE TJX) traded up $1.96 during trading on Wednesday, hitting $71.02. The stock had a trading volume of 7,837,480 shares, compared to its average volume of 4,169,527. TJX Companies, Inc. has a one year low of $66.44 and a one year high of $80.92. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.63 and a quick ratio of 0.80. 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 announced its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.00. TJX Companies, Inc. (The) had a return on equity of 53.11% and a net margin of 7.01%. The business had revenue of $8.76 billion for the quarter, compared to analysts’ expectations of $8.86 billion. During the same period in the prior year, the business posted $0.91 earnings per share. The firm’s revenue was up 5.7% on a year-over-year basis. equities research analysts predict that TJX Companies, Inc. will post 3.97 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Thursday, November 9th will be issued a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date is Wednesday, November 8th. TJX Companies, Inc. (The)’s dividend payout ratio is currently 33.78%.
In related news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 480,821 shares in the company, valued at approximately $34,869,138.92. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.23% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Coastline Trust Co lifted its holdings in shares of TJX Companies, Inc. (The) by 40.3% in the 3rd quarter. Coastline Trust Co now owns 10,875 shares of the apparel and home fashions retailer’s stock worth $802,000 after purchasing an additional 3,125 shares in the last quarter. Gofen & Glossberg LLC IL lifted its holdings in shares of TJX Companies, Inc. (The) by 3.4% in the 3rd quarter. Gofen & Glossberg LLC IL now owns 39,833 shares of the apparel and home fashions retailer’s stock worth $2,937,000 after purchasing an additional 1,301 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in shares of TJX Companies, Inc. (The) by 47.9% in the 3rd quarter. Moors & Cabot Inc. now owns 43,342 shares of the apparel and home fashions retailer’s stock worth $3,196,000 after purchasing an additional 14,042 shares in the last quarter. Independent Advisor Alliance purchased a new stake in TJX Companies, Inc. (The) in the 3rd quarter valued at $336,000. Finally, Fieldpoint Private Securities LLC purchased a new stake in TJX Companies, Inc. (The) in the 3rd quarter valued at $1,033,000. Institutional investors own 89.51% 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.
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