TJX Companies, Inc. (The) (TJX) Given a $75.00 Price Target at Jefferies Group LLC

Jefferies Group LLC set a $75.00 target price on TJX Companies, Inc. (The) (NYSE:TJX) in a research note issued to investors on Tuesday. The brokerage currently has a hold rating on the apparel and home fashions retailer’s stock. Jefferies Group also issued estimates for TJX Companies, Inc. (The)’s Q3 2018 earnings at $0.99 EPS, Q4 2018 earnings at $1.24 EPS, FY2018 earnings at $3.89 EPS and FY2019 earnings at $4.20 EPS.

Several other equities analysts have also recently issued reports on TJX. Instinet reiterated a buy rating and set a $84.00 target price (down previously from $87.00) on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Cowen and Company set a $80.00 target price on TJX Companies, Inc. (The) and gave the stock 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. Zacks Investment Research upgraded TJX Companies, Inc. (The) from a hold rating to a buy rating and set a $88.00 target price on the stock in a research report on Tuesday, April 25th. Finally, Royal Bank Of Canada set a $79.00 target price on TJX Companies, Inc. (The) and gave the stock a buy rating in a research report on Monday, June 19th. Five investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. TJX Companies, Inc. (The) presently has a consensus rating of Buy and an average price target of $82.61.

TJX Companies, Inc. (NYSE TJX) opened at 70.47 on Tuesday. The firm’s 50-day moving average price is $70.06 and its 200-day moving average price is $74.80. TJX Companies, Inc. has a 12 month low of $66.65 and a 12 month high of $80.92. The stock has a market cap of $45.69 billion, a P/E ratio of 19.95 and a beta of 0.77.

TJX Companies, Inc. (The) (NYSE:TJX) last posted its quarterly earnings data on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.84 by $0.01. The firm had revenue of $8.36 billion during the quarter, compared to the consensus estimate of $8.29 billion. TJX Companies, Inc. (The) had a return on equity of 52.87% and a net margin of 6.83%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 EPS. On average, analysts predict that TJX Companies, Inc. will post $3.92 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be issued 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 that occurred on Thursday, June 1st. The stock was sold at an average price of $75.80, for a total value of $303,200.00. Following the sale, the executive vice president now owns 86,243 shares of the company’s stock, valued at approximately $6,537,219.40. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.23% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Jackson Wealth Management LLC raised its stake in TJX Companies, Inc. (The) by 0.8% in the first quarter. Jackson Wealth Management LLC now owns 21,018 shares of the apparel and home fashions retailer’s stock worth $1,599,000 after buying an additional 171 shares during the last quarter. Waldron LP raised its stake in TJX Companies, Inc. (The) by 96.7% in the first quarter. Waldron LP now owns 5,678 shares of the apparel and home fashions retailer’s stock worth $449,000 after buying an additional 2,792 shares during the last quarter. Vanguard Group Inc. raised its stake in TJX Companies, Inc. (The) by 5.2% in the first quarter. Vanguard Group Inc. now owns 47,108,264 shares of the apparel and home fashions retailer’s stock worth $3,725,322,000 after buying an additional 2,336,495 shares during the last quarter. Trust Co. of Vermont raised its stake in TJX Companies, Inc. (The) by 2.0% in the first quarter. Trust Co. of Vermont now owns 38,887 shares of the apparel and home fashions retailer’s stock worth $3,076,000 after buying an additional 781 shares during the last quarter. Finally, Hartford Financial Management Inc. bought a new stake in TJX Companies, Inc. (The) during the first quarter worth about $250,000. 89.56% of the stock is currently owned by hedge funds and other institutional investors.

About TJX Companies, Inc. (The)

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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