Traders purchased shares of TJX Companies Inc (NYSE:TJX) on weakness during trading hours on Wednesday. $77.28 million flowed into the stock on the tick-up and $42.94 million flowed out of the stock on the tick-down, for a money net flow of $34.34 million into the stock. Of all stocks tracked, TJX Companies had the 11th highest net in-flow for the day. TJX Companies traded down ($0.01) for the day and closed at $76.58

A number of equities research analysts have commented on the company. Jefferies Group reissued a “hold” rating and set a $75.00 price target on shares of TJX Companies in a report on Thursday, September 28th. Nomura reissued a “buy” rating and set a $87.00 price target (up from $75.00) on shares of TJX Companies in a report on Wednesday. Goldman Sachs Group set a $79.00 price target on TJX Companies and gave the company a “buy” rating in a report on Wednesday, November 15th. Citigroup decreased their price target on TJX Companies from $88.00 to $81.00 and set a “buy” rating on the stock in a report on Wednesday, November 15th. Finally, BMO Capital Markets set a $85.00 price target on TJX Companies and gave the company a “buy” rating in a report on Wednesday, November 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the company. TJX Companies has an average rating of “Buy” and a consensus target price of $82.55.

The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. The company has a market cap of $48,730.00, a price-to-earnings ratio of 20.70, a PEG ratio of 1.88 and a beta of 0.75.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a $0.3125 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.25 annualized dividend and a dividend yield of 1.63%. TJX Companies’s dividend payout ratio (DPR) is 33.78%.

Several hedge funds have recently modified their holdings of the company. 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 worth $490,110,000 after acquiring an additional 4,994,846 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 worth $3,158,729,000 after acquiring an additional 1,996,874 shares during the last quarter. 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 worth $336,843,000 after acquiring an additional 1,813,259 shares during the last quarter. Bessemer Group Inc. increased its stake in TJX Companies by 2,438.3% during the third quarter. Bessemer Group Inc. now owns 1,529,329 shares of the apparel and home fashions retailer’s stock worth $112,758,000 after acquiring an additional 1,469,079 shares during the last quarter. Finally, Stifel Financial Corp increased its stake in TJX Companies by 9,096.8% during the third quarter. Stifel Financial Corp now owns 1,380,987 shares of the apparel and home fashions retailer’s stock worth $101,787,000 after acquiring an additional 1,365,971 shares during the last quarter. 90.40% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: “Investors Buy TJX Companies (TJX) on Weakness” was published by Watch List News and is the sole property of of Watch List News. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://www.watchlistnews.com/investors-buy-tjx-companies-tjx-on-weakness/1811303.html.

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.

Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.