TJX Companies (NYSE:TJX) Receives “Buy” Rating from Nomura

Nomura reaffirmed their buy rating on shares of TJX Companies (NYSE:TJX) in a research note released on Wednesday, January 17th, Marketbeat reports. Nomura currently has a $87.00 target price on the apparel and home fashions retailer’s stock, up from their prior target price of $75.00.

TJX has been the subject of several other research reports. Goldman Sachs Group cut shares of TJX Companies from a conviction-buy rating to a buy rating and set a $79.00 price target for the company. in a report on Tuesday, December 5th. Citigroup lowered their target price on shares of TJX Companies from $88.00 to $81.00 and set a buy rating for the company in a report on Wednesday, November 15th. Wells Fargo & Co set a $76.00 target price on shares of TJX Companies and gave the company a buy rating in a report on Tuesday, November 14th. Cowen set a $88.00 target price on shares of TJX Companies and gave the company a buy rating in a report on Wednesday, December 13th. Finally, Buckingham Research restated a buy rating and issued a $85.00 target price on shares of TJX Companies in a report on Thursday, October 19th. Five equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $82.00.

TJX Companies (NYSE:TJX) traded up $0.07 during trading on Wednesday, hitting $75.71. 5,103,394 shares of the stock were exchanged, compared to its average volume of 4,170,000. The stock has a market cap of $48,170.00, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 1.62 and a beta of 0.73. TJX Companies has a twelve month low of $66.44 and a twelve month high of $81.46. 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 posted its quarterly earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, hitting the consensus estimate of $1.00. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. The company had revenue of $8.76 billion during the quarter, compared to analysts’ expectations of $8.86 billion. During the same quarter in the previous year, the business posted $0.91 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. equities research analysts forecast that TJX Companies will post 3.93 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.3125 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.25 dividend on an annualized basis and a yield of 1.65%. TJX Companies’s payout ratio is currently 33.78%.

A number of institutional investors have recently made changes to their positions in TJX. Reilly Herbert Faulkner III grew its stake in shares of TJX Companies by 1.0% during the 2nd quarter. Reilly Herbert Faulkner III now owns 58,693 shares of the apparel and home fashions retailer’s stock worth $4,236,000 after purchasing an additional 587 shares during the period. Intrust Bank NA grew its stake in shares of TJX Companies by 54.4% during the 2nd quarter. Intrust Bank NA now owns 10,119 shares of the apparel and home fashions retailer’s stock worth $730,000 after purchasing an additional 3,567 shares during the period. Canandaigua National Bank & Trust Co. grew its stake in shares of TJX Companies by 0.7% during the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 20,120 shares of the apparel and home fashions retailer’s stock worth $1,452,000 after purchasing an additional 148 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in shares of TJX Companies by 52.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 156,718 shares of the apparel and home fashions retailer’s stock worth $11,310,000 after purchasing an additional 53,853 shares during the period. Finally, Andra AP fonden grew its stake in shares of TJX Companies by 4.3% during the 2nd quarter. Andra AP fonden now owns 262,000 shares of the apparel and home fashions retailer’s stock worth $18,909,000 after purchasing an additional 10,684 shares during the period. Institutional investors own 90.37% of the company’s stock.

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About TJX Companies

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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