TJX Companies, Inc. (The) (TJX) Given Outperform Rating at BMO Capital Markets

BMO Capital Markets reissued their outperform rating on shares of TJX Companies, Inc. (The) (NYSE:TJX) in a research note released on Tuesday.

Several other equities research analysts have also recently commented on TJX. Morgan Stanley raised TJX Companies, Inc. (The) from an equal weight rating to an overweight rating and set a $86.00 price target for the company in a research note on Wednesday, May 17th. Royal Bank Of Canada reissued an outperform rating and issued a $79.00 price target (down previously from $82.00) on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. Nomura reissued a buy rating and issued a $84.00 price target on shares of TJX Companies, Inc. (The) in a research note on Wednesday, May 17th. Cowen and Company set a $80.00 price target on TJX Companies, Inc. (The) and gave the company a buy rating in a research note on Wednesday, May 17th. Finally, Jefferies Group LLC set a $80.00 price target on TJX Companies, Inc. (The) and gave the company a hold rating in a research note on Tuesday, May 16th. Five equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $83.24.

TJX Companies, Inc. (NYSE:TJX) opened at 73.54 on Tuesday. The firm has a market capitalization of $46.79 billion, a PE ratio of 20.82 and a beta of 0.76. TJX Companies, Inc. has a 12 month low of $66.66 and a 12 month high of $80.92. The firm’s 50-day moving average is $70.92 and its 200-day moving average is $74.31.

TJX Companies, Inc. (The) (NYSE:TJX) last announced its quarterly earnings results 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 business had revenue of $8.36 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.84 EPS. On average, equities research analysts expect that TJX Companies, Inc. will post $3.93 EPS for the current year.

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In other news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $72.52, for a total value of $1,450,400.00. Following the completion of the sale, the chief executive officer now directly owns 480,821 shares of the company’s stock, valued at $34,869,138.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.23% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of TJX. TrimTabs Asset Management LLC boosted its position in shares of 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 valued at $112,000 after acquiring an additional 664 shares during the period. Israel Discount Bank of New York bought a new stake in shares of TJX Companies, Inc. (The) in the first quarter valued at approximately $130,000. Jacobi Capital Management LLC boosted 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 acquiring an additional 200 shares during the period. Lenox Wealth Management Inc. bought a new stake in shares of TJX Companies, Inc. (The) in the second quarter valued at approximately $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 valued at $144,000 after acquiring an additional 134 shares during the period. 89.15% of the stock is owned by 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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