TJX Companies, Inc. (The) (NYSE:TJX) Sets New 1-Year Low at $66.83

Shares of TJX Companies, Inc. (The) (NYSE:TJX) hit a new 52-week low on Monday . The stock traded as low as $66.83 and last traded at $66.71, with a volume of 3,514,763 shares changing hands. The stock had previously closed at $68.92.

Several equities analysts have recently issued reports on the company. Zacks Investment Research cut TJX Companies, Inc. (The) from a “buy” rating to a “hold” rating in a research report on Thursday. Instinet reiterated a “buy” rating and set a $80.00 price target (down from $83.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday. Nomura set a $80.00 price target on TJX Companies, Inc. (The) and gave the company a “buy” rating in a research report on Wednesday. Credit Suisse Group reiterated a “neutral” rating and set a $74.00 price target (up from $72.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday. Finally, Jefferies Group LLC set a $75.00 price target on TJX Companies, Inc. (The) and gave the company a “hold” rating in a research report on Tuesday. Five research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $82.61.

The firm has a market cap of $45.69 billion, a price-to-earnings ratio of 19.95 and a beta of 0.77. The firm’s 50-day moving average price is $70.06 and its 200 day moving average price is $74.80.

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 the Zacks’ consensus estimate 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 business had revenue of $8.36 billion during the quarter, compared to analysts’ expectations of $8.29 billion. During the same quarter in the prior year, the company earned $0.84 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. Analysts expect that TJX Companies, Inc. will post $3.92 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Investors 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 is Tuesday, August 8th. TJX Companies, Inc. (The)’s dividend payout ratio is currently 35.41%.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Guardian Life Insurance Co. of America boosted its position in TJX Companies, Inc. (The) 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 worth $199,000 after buying an additional 16 shares during the period. Fort Pitt Capital Group LLC boosted its position in TJX Companies, Inc. (The) by 0.5% in the second quarter. Fort Pitt Capital Group LLC now owns 3,124 shares of the apparel and home fashions retailer’s stock worth $225,000 after buying an additional 17 shares during the period. Summit Asset Management LLC boosted its position in TJX Companies, Inc. (The) by 0.7% in the second quarter. Summit Asset Management LLC now owns 4,500 shares of the apparel and home fashions retailer’s stock worth $325,000 after buying an additional 30 shares during the period. Reliance Trust Co. of Delaware boosted its position in TJX Companies, Inc. (The) by 0.9% in the second quarter. Reliance Trust Co. of Delaware now owns 3,487 shares of the apparel and home fashions retailer’s stock worth $251,000 after buying an additional 31 shares during the period. Finally, WMS Partners LLC boosted its position in TJX Companies, Inc. (The) by 0.3% in the first quarter. WMS Partners LLC now owns 10,515 shares of the apparel and home fashions retailer’s stock worth $832,000 after buying an additional 33 shares during the period. Hedge funds and other institutional investors own 89.56% 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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