Royal Bank Of Canada set a $70.00 price objective on TJX Companies, Inc. (The) (NYSE:TJX) in a report released on Tuesday morning, Marketbeat Ratings reports. The brokerage currently has an outperform rating on the apparel and home fashions retailer’s stock.

A number of other brokerages have also issued reports on TJX. Zacks Investment Research raised TJX Companies, Inc. (The) from a hold rating to a buy rating and set a $82.00 price target on the stock in a research note on Tuesday, October 10th. Credit Suisse Group set a $72.00 price target on TJX Companies, Inc. (The) and gave the stock a neutral rating in a research note on Wednesday, August 2nd. Jefferies Group LLC reissued a hold rating and issued a $75.00 price target on shares of TJX Companies, Inc. (The) in a research note on Thursday, September 28th. Nomura set a $80.00 price target on TJX Companies, Inc. (The) and gave the stock a buy rating in a research note on Wednesday, August 16th. Finally, BidaskClub raised TJX Companies, Inc. (The) from a sell rating to a hold rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $81.50.

TJX Companies, Inc. (TJX) traded up $1.96 on Tuesday, hitting $71.02. The company had a trading volume of 7,859,678 shares, compared to its average volume of 4,169,527. 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 price-to-earnings ratio of 18.36, a P/E/G ratio of 1.61 and a beta of 0.72. TJX Companies, Inc. has a fifty-two week low of $66.44 and a fifty-two week high of $80.92.

TJX Companies, Inc. (The) (NYSE:TJX) last posted its quarterly earnings data 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 business had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.86 billion. During the same quarter last year, the company earned $0.91 earnings per share. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. research analysts forecast that TJX Companies, Inc. will post 3.97 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This piece of content was first reported by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this piece of content can be read at https://www.watchlistnews.com/royal-bank-of-canada-reiterates-70-00-price-target-for-tjx-companies-inc-the-tjx/1710402.html.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Thursday, November 9th will be given a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Wednesday, November 8th. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 33.78%.

In other news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $72.52, for a total transaction 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 filing with the SEC, which is accessible through this hyperlink. Insiders own 0.23% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Scotia Capital Inc. raised its holdings in shares of TJX Companies, Inc. (The) by 9.4% in the 2nd quarter. Scotia Capital Inc. now owns 54,407 shares of the apparel and home fashions retailer’s stock worth $3,926,000 after buying an additional 4,661 shares in the last quarter. Northern Capital Management LLC grew its position in TJX Companies, Inc. (The) by 34.5% during the 3rd quarter. Northern Capital Management LLC now owns 53,580 shares of the apparel and home fashions retailer’s stock worth $3,950,000 after acquiring an additional 13,750 shares during the last quarter. Tillar Wenstrup Advisors LLC bought a new stake in TJX Companies, Inc. (The) during the 3rd quarter worth approximately $2,083,000. Gofen & Glossberg LLC IL grew its position in TJX Companies, Inc. (The) by 7.9% during the 2nd quarter. Gofen & Glossberg LLC IL now owns 38,532 shares of the apparel and home fashions retailer’s stock worth $2,781,000 after acquiring an additional 2,835 shares during the last quarter. Finally, Curbstone Financial Management Corp grew its position in TJX Companies, Inc. (The) by 100.0% during the 3rd quarter. Curbstone Financial Management Corp now owns 34,872 shares of the apparel and home fashions retailer’s stock worth $2,571,000 after acquiring an additional 17,436 shares during the last quarter. 89.51% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for TJX Companies, Inc. (The) (NYSE:TJX)

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