Traders sold shares of TJX Companies Inc (NYSE:TJX) on strength during trading on Tuesday. $39.83 million flowed into the stock on the tick-up and $106.78 million flowed out of the stock on the tick-down, for a money net flow of $66.95 million out of the stock. Of all companies tracked, TJX Companies had the 12th highest net out-flow for the day. TJX Companies traded up $0.60 for the day and closed at $110.32

Several research firms have recently issued reports on TJX. Morgan Stanley upped their price objective on TJX Companies from $99.00 to $119.00 and gave the stock an “overweight” rating in a research report on Thursday, August 23rd. MKM Partners set a $120.00 price objective on TJX Companies and gave the stock a “buy” rating in a research report on Wednesday, August 22nd. Royal Bank of Canada upped their target price on TJX Companies to $114.00 and gave the company an “outperform” rating in a research report on Wednesday, August 22nd. Nomura upped their target price on TJX Companies from $97.00 to $100.00 and gave the company a “buy” rating in a research report on Monday, June 4th. Finally, Wedbush started coverage on TJX Companies in a research report on Friday, June 22nd. They issued a “neutral” rating and a $100.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $104.92.

The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 0.77. The company has a market cap of $68.10 billion, a P/E ratio of 27.25, a P/E/G ratio of 2.10 and a beta of 0.73.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Tuesday, August 21st. The apparel and home fashions retailer reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.12. The firm had revenue of $9.33 billion during the quarter, compared to the consensus estimate of $8.99 billion. TJX Companies had a return on equity of 58.66% and a net margin of 7.88%. The firm’s revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 EPS. analysts predict that TJX Companies Inc will post 4.91 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Shareholders of record on Thursday, November 15th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 1.41%. The ex-dividend date is Wednesday, November 14th. TJX Companies’s dividend payout ratio is presently 38.61%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Thrivent Financial for Lutherans raised its stake in shares of TJX Companies by 4.5% during the 1st quarter. Thrivent Financial for Lutherans now owns 29,103 shares of the apparel and home fashions retailer’s stock worth $2,374,000 after buying an additional 1,244 shares in the last quarter. Stratos Wealth Partners LTD. raised its stake in shares of TJX Companies by 26.4% during the 1st quarter. Stratos Wealth Partners LTD. now owns 10,462 shares of the apparel and home fashions retailer’s stock worth $854,000 after buying an additional 2,187 shares in the last quarter. Evergreen Capital Management LLC purchased a new position in shares of TJX Companies during the 1st quarter worth approximately $241,000. Csenge Advisory Group raised its stake in shares of TJX Companies by 31.9% during the 1st quarter. Csenge Advisory Group now owns 7,061 shares of the apparel and home fashions retailer’s stock worth $576,000 after buying an additional 1,708 shares in the last quarter. Finally, Norinchukin Bank The raised its stake in shares of TJX Companies by 13.9% during the 1st quarter. Norinchukin Bank The now owns 57,939 shares of the apparel and home fashions retailer’s stock worth $4,726,000 after buying an additional 7,066 shares in the last quarter. 89.71% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Company Profile (NYSE:TJX)

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, accent furniture, lamps, rugs, wall d├ęcor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

Further Reading: Fundamental Analysis and Individual Investors

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