TJX Companies, Inc. (The) (NYSE:TJX) has been given an average recommendation of “Buy” by the eighteen brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $84.63.

A number of analysts have commented on TJX shares. Goldman Sachs Group, Inc. (The) raised shares of TJX Companies, Inc. (The) from a “buy” rating to a “conviction-buy” rating and set a $97.00 target price for the company in a report on Thursday, March 16th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $79.00 target price (down previously from $82.00) on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. BMO Capital Markets reaffirmed a “buy” rating and set a $85.00 target price on shares of TJX Companies, Inc. (The) in a report on Thursday, June 8th. Nomura reaffirmed a “buy” rating and set a $84.00 target price on shares of TJX Companies, Inc. (The) in a report on Wednesday, May 17th. Finally, Instinet lifted their target price on shares of TJX Companies, Inc. (The) from $83.00 to $87.00 and gave the stock a “buy” rating in a report on Monday, April 3rd.

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In other TJX Companies, Inc. (The) news, EVP Richard Sherr sold 1,179 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $75.58, for a total transaction of $89,108.82. Following the sale, the executive vice president now directly owns 120,000 shares of the company’s stock, valued at approximately $9,069,600. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kenneth Canestrari sold 4,000 shares of the business’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $75.80, for a total transaction of $303,200.00. Following the sale, the executive vice president now directly owns 86,243 shares in the company, valued at $6,537,219.40. The disclosure for this sale can be found here. Insiders have sold a total of 40,750 shares of company stock worth $3,156,056 over the last three months. Insiders own 0.23% of the company’s stock.

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in TJX Companies, Inc. (The) by 5.2% in the first quarter. Vanguard Group Inc. now owns 47,108,264 shares of the apparel and home fashions retailer’s stock valued at $3,725,322,000 after buying an additional 2,336,495 shares in the last quarter. BlackRock Inc. boosted its position in TJX Companies, Inc. (The) by 1,980.9% in the first quarter. BlackRock Inc. now owns 41,771,049 shares of the apparel and home fashions retailer’s stock valued at $3,303,255,000 after buying an additional 39,763,685 shares in the last quarter. State Street Corp boosted its position in TJX Companies, Inc. (The) by 6.6% in the first quarter. State Street Corp now owns 28,798,593 shares of the apparel and home fashions retailer’s stock valued at $2,277,402,000 after buying an additional 1,773,046 shares in the last quarter. Wellington Management Group LLP boosted its position in TJX Companies, Inc. (The) by 19.2% in the first quarter. Wellington Management Group LLP now owns 20,703,582 shares of the apparel and home fashions retailer’s stock valued at $1,637,238,000 after buying an additional 3,339,536 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in TJX Companies, Inc. (The) by 63.7% in the first quarter. Ameriprise Financial Inc. now owns 8,416,295 shares of the apparel and home fashions retailer’s stock valued at $665,521,000 after buying an additional 3,275,506 shares in the last quarter. 88.98% of the stock is currently owned by institutional investors.

Shares of TJX Companies, Inc. (NYSE:TJX) traded down 0.12% during trading on Tuesday, reaching $68.60. The company’s stock had a trading volume of 4,758,250 shares. TJX Companies, Inc. has a 12 month low of $68.22 and a 12 month high of $83.64. The company has a market capitalization of $44.13 billion, a P/E ratio of 19.48 and a beta of 0.78. The company’s 50-day moving average is $73.56 and its 200-day moving average is $76.31.

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

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 10th will be given a dividend of $0.3125 per share. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $1.25 annualized dividend and a yield of 1.82%. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 35.51%.

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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