TJX Companies Inc (TJX) Rating Reiterated by Royal Bank of Canada

TJX Companies Inc (NYSE:TJX)‘s stock had its “outperform” rating reaffirmed by stock analysts at Royal Bank of Canada in a research note issued to investors on Wednesday. They currently have a $79.00 price target on the apparel and home fashions retailer’s stock, down from their prior price target of $82.00. Royal Bank of Canada’s target price suggests a potential upside of 6.07% from the company’s previous close.

A number of other analysts also recently commented on TJX. Zacks Investment Research upgraded TJX Companies from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Tuesday, January 17th. Deutsche Bank AG upped their price objective on TJX Companies from $83.00 to $87.00 and gave the stock a “buy” rating in a report on Wednesday, January 18th. Susquehanna Bancshares Inc initiated coverage on TJX Companies in a report on Friday, February 10th. They set a “positive” rating and a $92.00 price objective for the company. Credit Suisse Group AG restated a “hold” rating and set a $77.00 price objective on shares of TJX Companies in a report on Friday, February 17th. Finally, Wedbush restated an “outperform” rating and set a $85.00 price objective on shares of TJX Companies in a report on Wednesday, February 22nd. Four investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $85.05.

Analyst Recommendations for TJX Companies (NYSE:TJX)

TJX Companies (NYSE:TJX) opened at 74.48 on Wednesday. The stock’s 50 day moving average price is $77.68 and its 200 day moving average price is $76.96. TJX Companies has a 52-week low of $71.50 and a 52-week high of $83.64. The stock has a market capitalization of $48.08 billion, a price-to-earnings ratio of 21.53 and a beta of 0.70.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.03. The business had revenue of $7.78 billion during the quarter, compared to the consensus estimate of $7.88 billion. TJX Companies had a return on equity of 53.12% and a net margin of 7.00%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 EPS. On average, analysts forecast that TJX Companies will post $3.89 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Shareholders of record on Thursday, May 11th will be given a $0.3125 dividend. This is a boost from TJX Companies’s previous quarterly dividend of $0.26. This represents a $1.25 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Tuesday, May 9th. TJX Companies’s dividend payout ratio is presently 30.41%.

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In other TJX Companies news, EVP Richard Sherr sold 20,000 shares of the company’s stock in a transaction dated Friday, April 21st. The shares were sold at an average price of $78.13, for a total value of $1,562,600.00. Following the completion of the transaction, the executive vice president now directly owns 121,179 shares of the company’s stock, valued at approximately $9,467,715.27. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michael Macmillan sold 21,180 shares of the company’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $78.50, for a total transaction of $1,662,630.00. Following the completion of the transaction, the executive vice president now directly owns 148,820 shares of the company’s stock, valued at $11,682,370. The disclosure for this sale can be found here. Over the last three months, insiders sold 56,751 shares of company stock valued at $4,426,377. 0.30% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. M Holdings Securities Inc. boosted its position in TJX Companies by 0.4% in the fourth quarter. M Holdings Securities Inc. now owns 3,148 shares of the apparel and home fashions retailer’s stock worth $237,000 after buying an additional 12 shares during the last quarter. Guardian Life Insurance Co. of America boosted its position in shares of TJX Companies by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 2,514 shares of the apparel and home fashions retailer’s stock valued at $199,000 after buying an additional 16 shares during the last quarter. WMS Partners LLC boosted its position in shares of TJX Companies by 0.3% in the first quarter. WMS Partners LLC now owns 10,515 shares of the apparel and home fashions retailer’s stock valued at $832,000 after buying an additional 33 shares during the last quarter. Messner & Smith Theme Value Investment Management Ltd. CA boosted its position in shares of TJX Companies by 0.4% in the first quarter. Messner & Smith Theme Value Investment Management Ltd. CA now owns 10,752 shares of the apparel and home fashions retailer’s stock valued at $850,000 after buying an additional 40 shares during the last quarter. Finally, Linscomb & Williams Inc. boosted its position in shares of TJX Companies by 0.4% in the fourth quarter. Linscomb & Williams Inc. now owns 11,085 shares of the apparel and home fashions retailer’s stock valued at $833,000 after buying an additional 41 shares during the last quarter. 87.65% of the stock is owned by institutional investors.

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.

5 Day Chart for NYSE:TJX

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