TJX Companies, Inc. (The) (NYSE:TJX) has been assigned a $79.00 price target by equities researchers at Royal Bank Of Canada in a research report issued to clients and investors on Monday. The brokerage presently has a “buy” rating on the apparel and home fashions retailer’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 8.74% from the company’s previous close.

Other research analysts have also issued research reports about the company. Cowen and Company set a $80.00 target price on TJX Companies, Inc. (The) and gave the company a “buy” rating in a report on Wednesday, May 17th. Nomura restated a “buy” rating and issued a $84.00 target price on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. Zacks Investment Research upgraded TJX Companies, Inc. (The) from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Monday, February 27th. Instinet raised their target price on TJX Companies, Inc. (The) from $83.00 to $87.00 and gave the company a “buy” rating in a report on Monday, April 3rd. Finally, BMO Capital Markets restated a “buy” rating and issued a $85.00 target price on shares of TJX Companies, Inc. (The) in a report on Thursday, June 8th. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $85.17.

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

TJX Companies, Inc. (TJX) traded down 0.035% during trading on Monday, hitting $72.415. The stock had a trading volume of 2,638,101 shares. The firm has a market capitalization of $46.58 billion, a P/E ratio of 20.561 and a beta of 0.76. TJX Companies, Inc. has a one year low of $71.40 and a one year high of $83.64. The stock has a 50 day moving average of $75.78 and a 200 day moving average of $76.80.

TJX Companies, Inc. (The) (NYSE:TJX) last posted its earnings results on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.03. TJX Companies, Inc. (The) had a return on equity of 53.34% and a net margin of 6.96%. The company had revenue of $7.78 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the company earned $0.76 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. Equities research analysts expect that TJX Companies, Inc. will post $3.89 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th will be paid a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Tuesday, August 8th. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is currently 35.51%.

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In other TJX Companies, Inc. (The) news, CFO Scott Goldenberg sold 15,571 shares of TJX Companies, Inc. (The) stock in a transaction dated Wednesday, April 19th. The stock was sold at an average price of $77.14, for a total transaction of $1,201,146.94. Following the completion of the sale, the chief financial officer now owns 105,844 shares of the company’s stock, valued at $8,164,806.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kenneth Canestrari sold 4,000 shares of TJX Companies, Inc. (The) stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $75.80, for a total value of $303,200.00. Following the sale, the executive vice president now directly owns 86,243 shares of the company’s stock, valued at approximately $6,537,219.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,750 shares of company stock valued at $3,156,056. Corporate insiders own 0.23% of the company’s stock.

A number of large investors have recently modified their holdings of TJX. Clearbridge Investments LLC raised its stake in shares of TJX Companies, Inc. (The) by 2.6% in the first quarter. Clearbridge Investments LLC now owns 1,752,913 shares of the apparel and home fashions retailer’s stock valued at $138,620,000 after buying an additional 44,952 shares during the period. Seaward Management Limited Partnership raised its stake in shares of TJX Companies, Inc. (The) by 0.8% in the first quarter. Seaward Management Limited Partnership now owns 327,084 shares of the apparel and home fashions retailer’s stock valued at $25,865,000 after buying an additional 2,709 shares during the period. Patten Group Inc. raised its stake in shares of TJX Companies, Inc. (The) by 0.8% in the first quarter. Patten Group Inc. now owns 10,385 shares of the apparel and home fashions retailer’s stock valued at $790,000 after buying an additional 80 shares during the period. Piedmont Investment Advisors LLC raised its stake in shares of TJX Companies, Inc. (The) by 129.4% in the first quarter. Piedmont Investment Advisors LLC now owns 319,036 shares of the apparel and home fashions retailer’s stock valued at $25,229,000 after buying an additional 179,974 shares during the period. Finally, Ballentine Partners LLC purchased a new stake in shares of TJX Companies, Inc. (The) during the first quarter valued at about $310,000. 89.75% of the stock is owned by hedge funds and other institutional investors.

TJX Companies, Inc. (The) 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.

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