TJX Companies, Inc. (The) (TJX) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of TJX Companies, Inc. (The) (NYSE:TJX) from a buy rating to a sell rating in a research note issued to investors on Monday morning.

According to Zacks, “TJX Companies’ shares have underperformed the industry in the past month. The company has been struggling with lower margins stemming from an increase in employee payroll. Further, it expects incremental investments, additional supply chain and pension costs to dents margins in the coming periods. Moreover, being an off-price retailer, TJX Companies cannot increase the price of its products despite rising product cost. It has also been witnessing a year-over-year slowdown in its comps growth rate. Unfavorable foreign currency translations and lack of presence in the emerging markets have also been posing as headwinds for the company. Nevertheless, we are optimistic about TJX Companies business expansion initiatives which include aggressive store openings and plans to add more categories to the online shopping site. Its brand enhancing plans in the form of product innovation and marketing campaigns are also appealing.”

TJX has been the subject of several other research reports. Buckingham Research reaffirmed a buy rating and issued a $85.00 price objective on shares of TJX Companies, Inc. (The) in a research note on Thursday, October 19th. Royal Bank Of Canada set a $76.00 price objective on TJX Companies, Inc. (The) and gave the company a buy rating in a research note on Monday, October 30th. BidaskClub downgraded TJX Companies, Inc. (The) from a sell rating to a strong sell rating in a research note on Thursday, July 27th. Jefferies Group LLC reaffirmed a hold rating and issued a $75.00 price objective on shares of TJX Companies, Inc. (The) in a research note on Thursday, September 28th. Finally, Credit Suisse Group AG set a $72.00 price objective on TJX Companies, Inc. (The) and gave the company a neutral rating in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $83.25.

Shares of TJX Companies, Inc. (TJX) traded down $2.82 during midday trading on Monday, reaching $67.94. The company’s stock had a trading volume of 17,035,166 shares, compared to its average volume of 4,063,143. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.80 and a current ratio of 1.63. The firm has a market capitalization of $45,020.00, a P/E ratio of 19.45, a price-to-earnings-growth ratio of 1.68 and a beta of 0.72. TJX Companies, Inc. has a 12-month low of $66.65 and a 12-month high of $80.92.

TJX Companies, Inc. (The) (NYSE:TJX) last issued its earnings results on Monday, November 13th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.00. The firm had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.86 billion. TJX Companies, Inc. (The) had a return on equity of 52.87% and a net margin of 6.83%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.91 earnings per share. equities research analysts forecast that TJX Companies, Inc. will post 3.93 EPS for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be issued a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Wednesday, November 8th. TJX Companies, Inc. (The)’s payout ratio is 35.41%.

In other TJX Companies, Inc. (The) news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $72.52, for a total transaction of $1,450,400.00. Following the transaction, the chief executive officer now directly owns 480,821 shares in the company, valued at approximately $34,869,138.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.23% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of TJX Companies, Inc. (The) by 1.5% in the 2nd quarter. Vanguard Group Inc. now owns 47,816,796 shares of the apparel and home fashions retailer’s stock worth $3,450,938,000 after purchasing an additional 708,532 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of TJX Companies, Inc. (The) by 4.8% in the 2nd quarter. BlackRock Inc. now owns 43,767,923 shares of the apparel and home fashions retailer’s stock worth $3,158,729,000 after purchasing an additional 1,996,874 shares in the last quarter. State Street Corp lifted its holdings in shares of TJX Companies, Inc. (The) by 6.6% in the 1st quarter. State Street Corp now owns 28,798,593 shares of the apparel and home fashions retailer’s stock worth $2,277,402,000 after purchasing an additional 1,773,046 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of TJX Companies, Inc. (The) by 19.2% in the 1st quarter. Wellington Management Group LLP now owns 20,703,582 shares of the apparel and home fashions retailer’s stock worth $1,637,238,000 after purchasing an additional 3,339,536 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of TJX Companies, Inc. (The) by 0.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 8,467,659 shares of the apparel and home fashions retailer’s stock worth $610,888,000 after purchasing an additional 51,364 shares in the last quarter. Institutional investors own 89.51% of the company’s stock.

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.

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

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