Trade Report: The TJX Cos. (TJX) Rating Reiterated by JPMorgan Chase & Co.

The TJX Cos. (TJX) Rating Reiterated by JPMorgan Chase & Co.

The TJX Cos. (NYSE:TJX)‘s stock had its “overweight” rating reaffirmed by JPMorgan Chase & Co. in a research note issued to investors on Wednesday. They presently have a $85.00 price target on the apparel and home fashions retailer’s stock. JPMorgan Chase & Co.’s price target points to a potential upside of 14.14% from the company’s previous close.

TJX has been the subject of a number of other reports. Zacks Investment Research cut The TJX Cos. from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Guggenheim reissued a “buy” rating and issued a $85.00 target price on shares of The TJX Cos. in a research note on Friday, September 30th. Wells Fargo & Co. reissued a “buy” rating on shares of The TJX Cos. in a research note on Monday, June 27th. BMO Capital Markets reissued an “outperform” rating and issued a $85.00 target price on shares of The TJX Cos. in a research note on Thursday, June 30th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $92.00 target price on shares of The TJX Cos. in a research note on Wednesday, August 17th. Five research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $83.51.

Shares of The TJX Cos. (NYSE:TJX) opened at 74.47 on Wednesday. The company has a 50-day moving average price of $75.65 and a 200 day moving average price of $77.14. The TJX Cos. has a 52 week low of $63.53 and a 52 week high of $83.64. The stock has a market capitalization of $48.90 billion, a P/E ratio of 21.62 and a beta of 0.65.

The TJX Cos. (NYSE:TJX) last released its quarterly earnings results on Tuesday, August 16th. The apparel and home fashions retailer reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.03. The TJX Cos. had a return on equity of 52.69% and a net margin of 7.23%. The firm earned $7.88 billion during the quarter, compared to analysts’ expectations of $7.85 billion. During the same period last year, the firm posted $0.80 EPS. The business’s revenue was up 7.0% on a year-over-year basis. Analysts forecast that The TJX Cos. will post $3.49 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Thursday, November 10th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend is Tuesday, November 8th. The TJX Cos.’s dividend payout ratio (DPR) is presently 30.15%.

A number of institutional investors have recently made changes to their positions in the company. Global X Management Co. LLC increased its position in shares of The TJX Cos. by 143.1% in the second quarter. Global X Management Co. LLC now owns 1,405 shares of the apparel and home fashions retailer’s stock worth $109,000 after buying an additional 827 shares during the period. Signaturefd LLC increased its position in shares of The TJX Cos. by 4.0% in the second quarter. Signaturefd LLC now owns 1,641 shares of the apparel and home fashions retailer’s stock worth $127,000 after buying an additional 63 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of The TJX Cos. during the second quarter worth $131,000. Point72 Asia Hong Kong Ltd acquired a new position in shares of The TJX Cos. during the second quarter worth $131,000. Finally, Westbourne Investment Advisors Inc. acquired a new position in shares of The TJX Cos. during the second quarter worth $143,000. 88.78% of the stock is currently owned by hedge funds and other institutional investors.

The TJX Cos. Company Profile

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