Latest Stocks: TJX Companies Inc (TJX) Earns Buy Rating from Nomura

Latest Stocks: TJX Companies Inc (TJX) Earns Buy Rating from Nomura

Nomura restated their buy rating on shares of TJX Companies Inc (NYSE:TJX) in a report published on Wednesday, May 17th. The firm currently has a $84.00 target price on the apparel and home fashions retailer’s stock.

TJX has been the topic of a number of other reports. Zacks Investment Research lowered shares of TJX Companies from a buy rating to a hold rating in a research note on Saturday, February 18th. Wedbush reiterated an outperform rating and set a $85.00 price target on shares of TJX Companies in a research note on Wednesday, February 22nd. Morgan Stanley upgraded shares of TJX Companies from an equal weight rating to an overweight rating and set a $86.00 price target on the stock in a research note on Wednesday, May 17th. Deutsche Bank AG boosted their price target on shares of TJX Companies from $83.00 to $87.00 and gave the stock a buy rating in a research note on Wednesday, January 18th. Finally, Instinet boosted their price target on shares of TJX Companies from $83.00 to $87.00 and gave the stock a buy rating in a research note on Monday, April 3rd. Four analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Buy and an average target price of $85.17.

TJX Companies (NYSE:TJX) opened at 75.03 on Wednesday. The company has a market capitalization of $48.27 billion, a PE ratio of 21.30 and a beta of 0.70. TJX Companies has a 12-month low of $71.50 and a 12-month high of $83.64. The stock has a 50 day moving average of $76.98 and a 200-day moving average of $77.12. TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, May 16th. The apparel and home fashions retailer reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.03. The firm had revenue of $7.78 billion for the quarter, compared to analyst estimates of $7.88 billion. TJX Companies had a net margin of 6.89% and a return on equity of 47.46%. TJX Companies’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. Equities analysts expect that TJX Companies will post $3.89 earnings per share for the current year.

TJX Companies (NYSE:TJX) opened at 75.03 on Wednesday. The company has a market capitalization of $48.27 billion, a PE ratio of 21.30 and a beta of 0.70. TJX Companies has a 12-month low of $71.50 and a 12-month high of $83.64. The stock has a 50 day moving average of $76.98 and a 200-day moving average of $77.12. The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Thursday, August 10th will be issued a $0.3125 dividend. This represents a $1.25 annualized dividend and a dividend yield of 1.67%. TJX Companies’s payout ratio is currently 30.41%.

In other news, EVP Kenneth Canestrari sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $75.80, for a total transaction of $303,200.00. Following the completion of the sale, the executive vice president now owns 86,243 shares in the company, valued at $6,537,219.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Richard Sherr sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, April 21st. The stock was sold at an average price of $78.13, for a total value of $1,562,600.00. Following the sale, the executive vice president now owns 121,179 shares of the company’s stock, valued at approximately $9,467,715.27. The disclosure for this sale can be found here. Insiders sold 40,750 shares of company stock valued at $3,156,056 over the last three months. Corporate insiders own 0.30% of the company’s stock. Several large investors have recently added to or reduced their stakes in TJX. M Holdings Securities Inc. boosted its stake in TJX Companies by 0.4% in the fourth quarter. M Holdings Securities Inc. now owns 3,148 shares of the apparel and home fashions retailer’s stock valued at $237,000 after buying an additional 12 shares during the period. Guardian Life Insurance Co. of America boosted its stake in TJX Companies by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 2,514 shares of the apparel and home fashions retailer’s stock valued at $199,000 after buying an additional 16 shares during the period. WMS Partners LLC boosted its stake in TJX Companies by 0.3% in the first quarter. WMS Partners LLC now owns 10,515 shares of the apparel and home fashions retailer’s stock valued at $832,000 after buying an additional 33 shares during the period. Messner & Smith Theme Value Investment Management Ltd. CA boosted its stake in TJX Companies by 0.4% in the first quarter. Messner & Smith Theme Value Investment Management Ltd. CA now owns 10,752 shares of the apparel and home fashions retailer’s stock valued at $850,000 after buying an additional 40 shares during the period. Finally, Linscomb & Williams Inc. boosted its stake in TJX Companies by 0.4% in the fourth quarter. Linscomb & Williams Inc. now owns 11,085 shares of the apparel and home fashions retailer’s stock valued at $833,000 after buying an additional 41 shares during the period. Institutional investors and hedge funds own 87.65% of the company’s stock.

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