Wells Fargo & Co Lowers TJX Companies (TJX) to Market Perform

Wells Fargo & Co cut shares of TJX Companies (NYSE:TJX) from an outperform rating to a market perform rating in a report published on Wednesday, MarketBeat reports. The brokerage currently has $72.00 price target on the apparel and home fashions retailer’s stock, down from their previous price target of $76.00.

A number of other equities analysts have also recently commented on the company. Guggenheim reissued a buy rating and set a $86.00 target price on shares of TJX Companies in a report on Friday, December 15th. Cowen set a $88.00 target price on TJX Companies and gave the company a buy rating in a report on Wednesday, December 13th. Goldman Sachs Group cut TJX Companies from a conviction-buy rating to a buy rating and set a $79.00 target price for the company. in a report on Tuesday, December 5th. Nomura reduced their target price on TJX Companies from $80.00 to $75.00 and set a buy rating for the company in a report on Wednesday, November 15th. Finally, Morgan Stanley reduced their target price on TJX Companies from $86.00 to $85.00 and set an overweight rating for the company in a report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have given a buy rating to the stock. TJX Companies presently has an average rating of Buy and an average price target of $81.95.

TJX Companies (NYSE TJX) opened at $77.15 on Wednesday. The firm has a market capitalization of $49,090.00, a PE ratio of 20.85, a P/E/G ratio of 1.81 and a beta of 0.75. TJX Companies has a fifty-two week low of $66.44 and a fifty-two week high of $80.92. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.48.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.00. The company had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.86 billion. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. TJX Companies’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.91 EPS. analysts forecast that TJX Companies will post 3.92 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be issued a $0.3125 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.25 annualized dividend and a dividend yield of 1.62%. TJX Companies’s dividend payout ratio is presently 33.78%.

Several large investors have recently bought and sold shares of the stock. Fort Pitt Capital Group LLC increased its holdings in shares of TJX Companies by 0.5% in the second quarter. Fort Pitt Capital Group LLC now owns 3,124 shares of the apparel and home fashions retailer’s stock valued at $225,000 after purchasing an additional 17 shares during the last quarter. Summit Asset Management LLC increased its holdings in shares of TJX Companies by 0.7% in the second quarter. Summit Asset Management LLC now owns 4,500 shares of the apparel and home fashions retailer’s stock valued at $325,000 after purchasing an additional 30 shares during the last quarter. FTB Advisors Inc. increased its holdings in shares of TJX Companies by 1.6% in the second quarter. FTB Advisors Inc. now owns 2,235 shares of the apparel and home fashions retailer’s stock valued at $159,000 after purchasing an additional 36 shares during the last quarter. C M Bidwell & Associates Ltd. increased its holdings in shares of TJX Companies by 1.2% in the second quarter. C M Bidwell & Associates Ltd. now owns 4,095 shares of the apparel and home fashions retailer’s stock valued at $296,000 after purchasing an additional 50 shares during the last quarter. Finally, Jackson Grant Investment Advisers Inc. increased its holdings in shares of TJX Companies by 0.4% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 15,202 shares of the apparel and home fashions retailer’s stock valued at $1,097,000 after purchasing an additional 63 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

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TJX Companies 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.

Analyst Recommendations for TJX Companies (NYSE:TJX)

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