TJX Companies (NYSE:TJX) Research Coverage Started at Royal Bank of Canada

Royal Bank of Canada started coverage on shares of TJX Companies (NYSE:TJX) in a research note released on Monday, Briefing.com Automated Import reports. The brokerage issued a sector perform rating and a $60.00 price target on the apparel and home fashions retailer’s stock.

A number of other brokerages also recently weighed in on TJX. DA Davidson set a $65.00 price target on shares of TJX Companies and gave the stock a buy rating in a report on Wednesday, August 21st. Loop Capital upped their price objective on shares of TJX Companies to $65.00 and gave the company a buy rating in a report on Thursday, October 17th. ValuEngine downgraded shares of TJX Companies from a sell rating to a strong sell rating in a report on Monday, November 4th. Bank of America set a $65.00 price objective on shares of TJX Companies and gave the company a buy rating in a report on Wednesday, August 21st. Finally, UBS Group raised shares of TJX Companies from a sell rating to a neutral rating and upped their price objective for the company from $41.00 to $58.00 in a report on Tuesday, September 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $61.42.

Shares of NYSE:TJX traded up $0.64 during midday trading on Monday, reaching $59.82. The company had a trading volume of 4,683,405 shares, compared to its average volume of 5,795,874. The company’s 50 day moving average price is $57.82 and its 200 day moving average price is $54.73. The company has a current ratio of 1.25, a quick ratio of 0.48 and a debt-to-equity ratio of 1.88. The stock has a market cap of $70.60 billion, a P/E ratio of 28.35, a P/E/G ratio of 2.11 and a beta of 0.67. TJX Companies has a 52-week low of $41.49 and a 52-week high of $60.89.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.62. The company had revenue of $9.78 billion for the quarter, compared to the consensus estimate of $9.89 billion. TJX Companies had a net margin of 7.66% and a return on equity of 57.64%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.17 EPS. Research analysts forecast that TJX Companies will post 2.61 EPS for the current fiscal year.

The business also recently declared a — dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be given a dividend of $0.23 per share. This represents a dividend yield of 1.7%. The ex-dividend date is Wednesday, November 13th. TJX Companies’s dividend payout ratio is presently 43.60%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of TJX Companies by 1.7% during the second quarter. Vanguard Group Inc. now owns 98,880,165 shares of the apparel and home fashions retailer’s stock valued at $5,228,784,000 after buying an additional 1,697,819 shares during the period. BlackRock Inc. increased its position in shares of TJX Companies by 6.1% during the second quarter. BlackRock Inc. now owns 91,057,292 shares of the apparel and home fashions retailer’s stock valued at $4,815,108,000 after buying an additional 5,274,627 shares during the period. Alecta Pensionsforsakring Omsesidigt increased its position in shares of TJX Companies by 1.3% during the third quarter. Alecta Pensionsforsakring Omsesidigt now owns 15,335,076 shares of the apparel and home fashions retailer’s stock valued at $854,777,000 after buying an additional 200,000 shares during the period. Fiera Capital Corp increased its position in shares of TJX Companies by 3.2% during the second quarter. Fiera Capital Corp now owns 12,991,834 shares of the apparel and home fashions retailer’s stock valued at $687,008,000 after buying an additional 404,764 shares during the period. Finally, Invesco Ltd. increased its position in shares of TJX Companies by 1.9% during the second quarter. Invesco Ltd. now owns 10,548,459 shares of the apparel and home fashions retailer’s stock valued at $557,803,000 after buying an additional 197,115 shares during the period. Hedge funds and other institutional investors own 89.33% of the company’s stock.

About TJX Companies

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

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Analyst Recommendations for TJX Companies (NYSE:TJX)

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