BidaskClub lowered shares of TJX Companies, Inc. (The) (NYSE:TJX) from a sell rating to a strong sell rating in a report issued on Thursday morning.

Other research analysts also recently issued reports about the company. Royal Bank Of Canada set a $79.00 price objective on TJX Companies, Inc. (The) and gave the company a buy rating in a research note on Monday, June 19th. BMO Capital Markets reaffirmed a buy rating and issued a $85.00 target price on shares of TJX Companies, Inc. (The) in a research report on Thursday, June 8th. Cowen and Company set a $80.00 target price on TJX Companies, Inc. (The) and gave the company a buy rating in a research report on Wednesday, May 17th. Nomura reaffirmed a buy rating and issued a $84.00 target price on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Finally, Morgan Stanley raised TJX Companies, Inc. (The) from an equal weight rating to an overweight rating and set a $86.00 target price for the company in a research report on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. TJX Companies, Inc. (The) currently has a consensus rating of Buy and a consensus price target of $84.11.

Shares of TJX Companies, Inc. (TJX) traded up 1.070% during midday trading on Thursday, hitting $70.345. The company’s stock had a trading volume of 1,858,242 shares. The company has a 50-day moving average price of $70.45 and a 200 day moving average price of $75.32. The company has a market cap of $45.25 billion, a P/E ratio of 19.973 and a beta of 0.78. TJX Companies, Inc. has a 1-year low of $66.66 and a 1-year high of $83.64.

TJX Companies, Inc. (The) (NYSE:TJX) last announced its quarterly earnings data on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.03. The company had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.88 billion. TJX Companies, Inc. (The) had a return on equity of 53.34% and a net margin of 6.96%. The firm’s revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 EPS. On average, equities research analysts predict that TJX Companies, Inc. will post $3.89 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be issued a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Tuesday, August 8th. TJX Companies, Inc. (The)’s dividend payout ratio is presently 35.51%.

In related news, EVP Kenneth Canestrari sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $75.80, for a total value of $303,200.00. Following the transaction, the executive vice president now owns 86,243 shares in the company, valued at $6,537,219.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Richard Sherr sold 1,179 shares of the company’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $75.58, for a total value of $89,108.82. Following the completion of the transaction, the executive vice president now owns 120,000 shares in the company, valued at approximately $9,069,600. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. TrimTabs Asset Management LLC increased its position in TJX Companies, Inc. (The) by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,411 shares of the apparel and home fashions retailer’s stock valued at $112,000 after buying an additional 664 shares during the last quarter. Israel Discount Bank of New York purchased a new position in TJX Companies, Inc. (The) during the first quarter valued at approximately $130,000. Jacobi Capital Management LLC increased its position in TJX Companies, Inc. (The) by 12.9% in the first quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock valued at $133,000 after buying an additional 200 shares during the last quarter. Oakworth Capital Inc. increased its position in TJX Companies, Inc. (The) by 10.1% in the second quarter. Oakworth Capital Inc. now owns 2,024 shares of the apparel and home fashions retailer’s stock valued at $146,000 after buying an additional 185 shares during the last quarter. Finally, Mosaic Family Wealth LLC increased its position in TJX Companies, Inc. (The) by 6.2% in the first quarter. Mosaic Family Wealth LLC now owns 1,862 shares of the apparel and home fashions retailer’s stock valued at $147,000 after buying an additional 108 shares during the last quarter. Institutional investors and hedge funds own 89.27% 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.

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

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