Royal Bank Of Canada Analysts Give TJX Companies, Inc. (The) (TJX) a $76.00 Price Target

Royal Bank Of Canada set a $76.00 price target on TJX Companies, Inc. (The) (NYSE:TJX) in a report released on Monday. The brokerage currently has a buy rating on the apparel and home fashions retailer’s stock.

A number of other brokerages also recently issued reports on TJX. Zacks Investment Research raised TJX Companies, Inc. (The) from a hold rating to a buy rating and set a $82.00 target price for the company in a research note on Tuesday, October 10th. Credit Suisse Group set a $72.00 target price on TJX Companies, Inc. (The) and gave the stock a neutral rating in a research note on Wednesday, August 2nd. Jefferies Group LLC reissued a hold rating and set a $75.00 target price on shares of TJX Companies, Inc. (The) in a research note on Thursday, September 28th. BidaskClub raised TJX Companies, Inc. (The) from a sell rating to a hold rating in a research note on Wednesday, August 2nd. Finally, Nomura set a $80.00 target price on TJX Companies, Inc. (The) and gave the stock a buy rating in a research note on Wednesday, August 16th. Four investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of $83.25.

TJX Companies, Inc. (The) (NYSE:TJX) last issued its earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. The business 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 company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 EPS.

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The business also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Thursday, November 9th will be issued a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Wednesday, November 8th. TJX Companies, Inc. (The)’s dividend payout ratio (DPR) is presently 35.41%.

In other TJX Companies, Inc. (The) news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $72.52, for a total transaction of $1,450,400.00. Following the sale, the chief executive officer now owns 480,821 shares in the company, valued at approximately $34,869,138.92. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.23% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Israel Discount Bank of New York acquired a new stake in shares of TJX Companies, Inc. (The) during the first quarter worth $130,000. Jacobi Capital Management LLC boosted its holdings in shares of TJX Companies, Inc. (The) by 12.9% during 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 purchasing an additional 200 shares during the last quarter. Lenox Wealth Management Inc. acquired a new stake in shares of TJX Companies, Inc. (The) during the second quarter worth $141,000. Mosaic Family Wealth LLC boosted its holdings in shares of TJX Companies, Inc. (The) by 7.2% during 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 purchasing an additional 134 shares during the last quarter. Finally, Oakworth Capital Inc. boosted its holdings in shares of TJX Companies, Inc. (The) by 10.1% during the second quarter. Oakworth Capital Inc. now owns 2,024 shares of the apparel and home fashions retailer’s stock worth $146,000 after purchasing an additional 185 shares during the last quarter. Institutional investors and hedge funds own 89.32% of the company’s stock.

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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