BMO Capital Markets set a $85.00 price objective on TJX Companies, Inc. (The) (NYSE:TJX) in a research report report published on Wednesday. The brokerage currently has a buy rating on the apparel and home fashions retailer’s stock.
Several other equities research analysts also recently commented on the company. Citigroup Inc. reduced their target price on TJX Companies, Inc. (The) from $88.00 to $81.00 and set a buy rating for the company in a report on Wednesday. Royal Bank Of Canada set a $70.00 price objective on TJX Companies, Inc. (The) and gave the stock an outperform rating in a research note on Tuesday. Wells Fargo & Company set a $76.00 price objective on TJX Companies, Inc. (The) and gave the stock a buy rating in a research note on Tuesday. Zacks Investment Research downgraded TJX Companies, Inc. (The) from a buy rating to a sell rating in a research note on Monday. Finally, Buckingham Research reissued 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eighteen have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $81.64.
Shares of TJX Companies, Inc. (TJX) traded up $1.10 during midday trading on Wednesday, hitting $69.04. The stock had a trading volume of 10,176,300 shares, compared to its average volume of 4,149,743. TJX Companies, Inc. has a twelve month low of $66.44 and a twelve month high of $80.92. The stock has a market capitalization of $43,940.00, a P/E ratio of 18.36, a price-to-earnings-growth ratio of 1.61 and a beta of 0.72. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.80 and a current ratio of 1.63.
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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders 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 1.81%. The ex-dividend date is Wednesday, November 8th. TJX Companies, Inc. (The)’s dividend payout ratio is 33.78%.
In other news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction dated 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 owns 480,821 shares of the company’s stock, valued at approximately $34,869,138.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.23% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Gofen & Glossberg LLC IL increased its holdings in shares of TJX Companies, Inc. (The) by 3.4% during the 3rd quarter. Gofen & Glossberg LLC IL now owns 39,833 shares of the apparel and home fashions retailer’s stock valued at $2,937,000 after acquiring an additional 1,301 shares during the last quarter. Moors & Cabot Inc. grew its holdings in TJX Companies, Inc. (The) by 47.9% in the 3rd quarter. Moors & Cabot Inc. now owns 43,342 shares of the apparel and home fashions retailer’s stock valued at $3,196,000 after buying an additional 14,042 shares during the last quarter. Independent Advisor Alliance acquired a new stake in TJX Companies, Inc. (The) in the 3rd quarter valued at approximately $336,000. Fieldpoint Private Securities LLC acquired a new stake in TJX Companies, Inc. (The) in the 3rd quarter valued at approximately $1,033,000. Finally, Parallel Advisors LLC grew its holdings in TJX Companies, Inc. (The) by 8.2% in the 3rd quarter. Parallel Advisors LLC now owns 10,580 shares of the apparel and home fashions retailer’s stock valued at $749,000 after buying an additional 804 shares during the last quarter. 89.51% of the stock is currently owned by institutional investors and hedge funds.
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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