TJX Companies, Inc. (The) (NYSE:TJX) Earns “Neutral” Rating from Credit Suisse Group

Credit Suisse Group reissued their neutral rating on shares of TJX Companies, Inc. (The) (NYSE:TJX) in a research note published on Tuesday, August 8th. They currently have a $72.00 target price on the apparel and home fashions retailer’s stock, down from their previous target price of $79.00.

TJX has been the subject of several other reports. Cowen and Company set a $80.00 target price on shares of TJX Companies, Inc. (The) and gave the company a buy rating in a research report on Wednesday, May 17th. Nomura reiterated a buy rating and set a $84.00 target price on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Royal Bank Of Canada set a $79.00 target price on shares of TJX Companies, Inc. (The) and gave the company a buy rating in a research report on Monday, June 19th. BMO Capital Markets reiterated a buy rating and set a $85.00 target price on shares of TJX Companies, Inc. (The) in a research report on Thursday, June 8th. Finally, Instinet reiterated a buy rating and set a $84.00 target price (down from $87.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Five investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $82.61.

Shares of TJX Companies, Inc. (TJX) opened at 70.47 on Tuesday. The company has a market cap of $45.69 billion, a P/E ratio of 19.95 and a beta of 0.77. The firm has a 50-day moving average of $70.06 and a 200-day moving average of $74.80. 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 released its quarterly earnings data on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. TJX Companies, Inc. (The) had a net margin of 6.83% and a return on equity of 52.87%. The company had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.29 billion. During the same period last year, the business earned $0.84 earnings per share. TJX Companies, Inc. (The)’s revenue was up 6.0% compared to the same quarter last year. Analysts predict that TJX Companies, Inc. will post $3.92 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be given a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend is Tuesday, August 8th. TJX Companies, Inc. (The)’s dividend payout ratio is presently 35.41%.

In other news, EVP Kenneth Canestrari sold 4,000 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $75.80, for a total value of $303,200.00. Following the sale, the executive vice president now directly owns 86,243 shares of the company’s stock, valued at approximately $6,537,219.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.23% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. TrimTabs Asset Management LLC increased its stake in TJX Companies, Inc. (The) by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 1,411 shares of the apparel and home fashions retailer’s stock worth $112,000 after buying an additional 664 shares in the last quarter. Israel Discount Bank of New York acquired a new stake in TJX Companies, Inc. (The) during the first quarter worth $130,000. Jacobi Capital Management LLC increased its stake in 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 worth $133,000 after buying an additional 200 shares in the last quarter. Lenox Wealth Management Inc. purchased a new position in shares of TJX Companies, Inc. (The) during the second quarter worth about $141,000. Finally, Mosaic Family Wealth LLC boosted 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 worth $144,000 after buying an additional 134 shares during the last quarter. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

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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