TJX Companies, Inc. (The) (TJX) Shares Gap Down to $70.22

Shares of TJX Companies, Inc. (The) (NYSE:TJX) gapped down prior to trading on Tuesday . The stock had previously closed at $72.84, but opened at $70.22. TJX Companies, Inc. (The) shares last traded at $70.76, with a volume of 9006500 shares changing hands.

Several brokerages have recently weighed in on TJX. Buckingham Research restated a “buy” rating and issued a $85.00 price objective on shares of TJX Companies, Inc. (The) in a report 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 report on Monday, October 30th. Zacks Investment Research cut TJX Companies, Inc. (The) from a “buy” rating to a “sell” rating in a report on Monday. BidaskClub cut TJX Companies, Inc. (The) from a “sell” rating to a “strong sell” rating in a report on Thursday, July 27th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $75.00 price objective on shares of TJX Companies, Inc. (The) in a report on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seventeen have assigned a buy rating to the company. TJX Companies, Inc. (The) currently has an average rating of “Buy” and an average price target of $82.90.

The company has a quick ratio of 0.80, a current ratio of 1.63 and a debt-to-equity ratio of 0.49. The firm has a market cap of $45,020.00, a PE ratio of 19.45, a PEG ratio of 1.68 and a beta of 0.72.

TJX Companies, Inc. (The) (NYSE:TJX) last issued its quarterly earnings data on Monday, November 13th. The apparel and home fashions retailer reported $1.00 earnings per share (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 net margin of 6.83% and a return on equity of 52.87%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period last year, the business posted $0.91 earnings per share. analysts anticipate that TJX Companies, Inc. will post 3.93 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be given a dividend of $0.3125 per share. The ex-dividend date is Wednesday, November 8th. This represents a $1.25 annualized dividend and a yield of 1.77%. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 35.41%.

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

A number of hedge funds have recently modified their holdings of TJX. Zions Bancorporation raised its position in shares of TJX Companies, Inc. (The) by 185.9% in the third quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock valued at $100,000 after buying an additional 883 shares in the last quarter. Israel Discount Bank of New York acquired a new stake in shares of TJX Companies, Inc. (The) in the first quarter valued at approximately $130,000. Jacobi Capital Management LLC raised its position in shares of TJX Companies, Inc. (The) by 12.9% in the first quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock valued at $133,000 after buying an additional 200 shares in the last quarter. Lenox Wealth Management Inc. acquired a new stake in shares of TJX Companies, Inc. (The) in the second quarter valued at approximately $141,000. Finally, Mosaic Family Wealth LLC raised its position in shares of TJX Companies, Inc. (The) by 7.2% in the second quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock valued at $144,000 after buying an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 89.51% of the company’s stock.

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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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