TJX Companies Inc (NYSE:TJX) Chairman Carol Meyrowitz sold 43,020 shares of the stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $83.77, for a total transaction of $3,603,785.40. Following the sale, the chairman now directly owns 294,098 shares of the company’s stock, valued at $24,636,589.46. The sale was disclosed in a document filed with the SEC, which is available through this link.

TJX Companies Inc (NYSE:TJX) opened at $83.65 on Monday. TJX Companies Inc has a fifty-two week low of $66.44 and a fifty-two week high of $84.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.66 and a quick ratio of 0.67. The firm has a market cap of $52,890.00, a price-to-earnings ratio of 19.36, a P/E/G ratio of 1.61 and a beta of 0.67.

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TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.10. TJX Companies had a net margin of 7.27% and a return on equity of 55.23%. The firm had revenue of $10.96 billion during the quarter, compared to analyst estimates of $10.75 billion. During the same period last year, the firm posted $1.03 earnings per share. TJX Companies’s revenue for the quarter was up 15.8% compared to the same quarter last year. research analysts predict that TJX Companies Inc will post 4.87 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be given a $0.3125 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.25 dividend on an annualized basis and a yield of 1.49%. TJX Companies’s dividend payout ratio is presently 28.94%.

TJX Companies announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 28th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the apparel and home fashions retailer to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

A number of equities research analysts have issued reports on the stock. SunTrust Banks set a $98.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a report on Thursday. Deutsche Bank increased their price objective on shares of TJX Companies from $86.00 to $95.00 and gave the company a “buy” rating in a report on Thursday. BMO Capital Markets set a $94.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a report on Thursday. Cowen set a $92.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a report on Thursday. Finally, Nomura set a $87.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a report on Wednesday, February 28th. Four equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $86.89.

A number of institutional investors and hedge funds have recently modified their holdings of TJX. Bessemer Group Inc. lifted its position in TJX Companies by 2,438.3% in 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 buying an additional 1,469,079 shares during the last quarter. Stifel Financial Corp lifted its position in TJX Companies by 9,096.8% in 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 buying an additional 1,365,971 shares during the last quarter. Nordea Investment Management AB lifted its position in TJX Companies by 327.6% in the third quarter. Nordea Investment Management AB now owns 1,769,307 shares of the apparel and home fashions retailer’s stock worth $130,451,000 after buying an additional 1,355,496 shares during the last quarter. Renaissance Technologies LLC lifted its position in TJX Companies by 406.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,438,900 shares of the apparel and home fashions retailer’s stock worth $110,018,000 after buying an additional 1,154,700 shares during the last quarter. Finally, Fiduciary Management Inc. WI lifted its position in TJX Companies by 21.3% in the third quarter. Fiduciary Management Inc. WI now owns 5,660,160 shares of the apparel and home fashions retailer’s stock worth $417,324,000 after buying an additional 992,808 shares during the last quarter. Institutional investors own 89.67% of the company’s stock.

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About TJX Companies

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.

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