ValuEngine downgraded shares of TJX Companies (NYSE:TJX) from a sell rating to a strong sell rating in a research report report published on Wednesday morning.

A number of other equities research analysts also recently commented on the company. Zacks Investment Research downgraded TJX Companies from a buy rating to a hold rating in a report on Tuesday, October 23rd. Citigroup lifted their price target on TJX Companies from $55.50 to $62.50 and gave the company a buy rating in a research report on Tuesday, October 16th. Cowen set a $62.50 price target on TJX Companies and gave the company a buy rating in a research report on Tuesday, September 25th. DA Davidson began coverage on TJX Companies in a research report on Tuesday, September 25th. They set a buy rating and a $65.00 price target for the company. Finally, Barclays began coverage on TJX Companies in a research report on Tuesday, September 11th. They set an equal weight rating and a $58.50 price target for the company. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the company. The company has a consensus rating of Buy and an average target price of $54.08.

TJX Companies stock opened at $55.64 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 0.77. TJX Companies has a 52 week low of $33.22 and a 52 week high of $56.64. The stock has a market cap of $68.58 billion, a P/E ratio of 27.54, a PEG ratio of 2.06 and a beta of 0.65.

TJX Companies (NYSE:TJX) last released its earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.06. TJX Companies had a return on equity of 58.66% and a net margin of 7.88%. The firm had revenue of $9.33 billion during the quarter, compared to the consensus estimate of $8.99 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company’s revenue was up 11.6% compared to the same quarter last year. On average, equities analysts anticipate that TJX Companies will post 2.47 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 6th. Stockholders of record on Thursday, November 15th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date of this dividend is Wednesday, November 14th. TJX Companies’s dividend payout ratio (DPR) is presently 38.61%.

Several institutional investors have recently bought and sold shares of TJX. Principal Financial Group Inc. increased its position in shares of TJX Companies by 2.8% in the first quarter. Principal Financial Group Inc. now owns 1,801,237 shares of the apparel and home fashions retailer’s stock valued at $146,908,000 after buying an additional 49,119 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of TJX Companies by 23.7% in the second quarter. State of Alaska Department of Revenue now owns 138,604 shares of the apparel and home fashions retailer’s stock valued at $13,191,000 after buying an additional 26,520 shares in the last quarter. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of TJX Companies in the second quarter valued at approximately $5,591,000. Montrusco Bolton Investments Inc. increased its position in shares of TJX Companies by 1.9% in the second quarter. Montrusco Bolton Investments Inc. now owns 243,720 shares of the apparel and home fashions retailer’s stock valued at $23,150,000 after buying an additional 4,570 shares in the last quarter. Finally, Atalanta Sosnoff Capital LLC increased its position in shares of TJX Companies by 41.4% in the second quarter. Atalanta Sosnoff Capital LLC now owns 571,122 shares of the apparel and home fashions retailer’s stock valued at $54,359,000 after buying an additional 167,317 shares in the last quarter. Institutional investors and hedge funds own 90.12% of the company’s stock.

TJX Companies Company Profile

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, accent furniture, lamps, rugs, wall d├ęcor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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Analyst Recommendations for TJX Companies (NYSE:TJX)

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