Guggenheim reissued their buy rating on shares of TJX Companies (NYSE:TJX) in a research note released on Friday. They currently have a $86.00 target price on the apparel and home fashions retailer’s stock.

A number of other research firms have also recently commented on TJX. Goldman Sachs Group cut shares of TJX Companies from a conviction-buy rating to a buy rating and set a $79.00 target price on the stock. in a research report on Tuesday, December 5th. Jefferies Group reissued a hold rating and set a $75.00 target price on shares of TJX Companies in a research report on Thursday, September 28th. Royal Bank of Canada reissued a buy rating and set a $76.00 target price on shares of TJX Companies in a research report on Monday, September 18th. Cowen set a $88.00 target price on shares of TJX Companies and gave the stock a buy rating in a research report on Wednesday, December 13th. Finally, Zacks Investment Research raised shares of TJX Companies from a hold rating to a buy rating and set a $82.00 target price on the stock in a research report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the stock. TJX Companies presently has a consensus rating of Buy and a consensus price target of $82.15.

TJX Companies (TJX) opened at $74.17 on Friday. The firm has a market cap of $46,894.75, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 1.78 and a beta of 0.75. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 1.53. TJX Companies has a 12-month low of $66.44 and a 12-month high of $80.92.

TJX Companies (NYSE:TJX) last posted its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, hitting analysts’ consensus estimates of $1.00. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. 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 previous year, the company posted $0.91 earnings per share. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. equities research analysts predict that TJX Companies will post 3.93 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.3125 per share. 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%.

A number of hedge funds have recently added to or reduced their stakes in TJX. Alliancebernstein L.P. increased its stake in TJX Companies by 278.1% during the second quarter. Alliancebernstein L.P. now owns 6,791,045 shares of the apparel and home fashions retailer’s stock valued at $490,110,000 after purchasing an additional 4,994,846 shares during the last quarter. Flossbach Von Storch AG increased its stake in TJX Companies by 265.0% during the second quarter. Flossbach Von Storch AG now owns 4,152,020 shares of the apparel and home fashions retailer’s stock valued at $299,651,000 after purchasing an additional 3,014,430 shares during the last quarter. Boston Partners increased its stake in TJX Companies by 1,038.6% during the second quarter. Boston Partners now owns 3,067,319 shares of the apparel and home fashions retailer’s stock valued at $221,369,000 after purchasing an additional 2,797,917 shares during the last quarter. BlackRock Inc. increased its stake in TJX Companies by 4.8% during the second quarter. BlackRock Inc. now owns 43,767,923 shares of the apparel and home fashions retailer’s stock valued at $3,158,729,000 after purchasing an additional 1,996,874 shares during the last quarter. Finally, Fiduciary Management Inc. WI increased its stake in TJX Companies by 63.5% during the second quarter. Fiduciary Management Inc. WI now owns 4,667,352 shares of the apparel and home fashions retailer’s stock valued at $336,843,000 after purchasing an additional 1,813,259 shares during the last quarter. Hedge funds and other institutional investors 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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