TJX Companies (NYSE:TJX) Downgraded by ValuEngine to Strong Sell

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ValuEngine cut shares of TJX Companies (NYSE:TJX) from a sell rating to a strong sell rating in a research note released on Monday morning, ValuEngine reports.

Several other equities research analysts have also recently issued reports on TJX. DA Davidson set a $65.00 target price on shares of TJX Companies and gave the stock a buy rating in a research report on Wednesday, August 21st. Credit Suisse Group raised their target price on shares of TJX Companies from $55.00 to $56.00 and gave the stock a neutral rating in a research report on Wednesday, May 22nd. Loop Capital raised shares of TJX Companies from a hold rating to a buy rating and raised their target price for the stock from $50.00 to $60.00 in a research report on Friday, August 16th. MKM Partners set a $62.00 target price on shares of TJX Companies and gave the stock a buy rating in a research report on Wednesday, August 21st. Finally, Bank of America set a $65.00 target price on shares of TJX Companies and gave the stock a buy rating in a research report on Wednesday, August 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $59.28.

Shares of NYSE TJX opened at $56.27 on Monday. The company has a market cap of $68.40 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 2.04 and a beta of 0.68. TJX Companies has a 12 month low of $41.49 and a 12 month high of $57.31. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.25 and a quick ratio of 0.48. The company has a 50-day simple moving average of $53.92 and a 200-day simple moving average of $53.49.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Tuesday, August 20th. The apparel and home fashions retailer reported $0.62 EPS for the quarter, hitting analysts’ consensus estimates of $0.62. TJX Companies had a net margin of 7.66% and a return on equity of 57.64%. The business had revenue of $9.78 billion during the quarter, compared to the consensus estimate of $9.89 billion. During the same period in the previous year, the firm posted $1.17 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, analysts anticipate that TJX Companies will post 2.61 EPS for the current year.

The firm also recently declared a — dividend, which will be paid on Thursday, December 5th. Shareholders of record on Thursday, November 14th will be given a dividend of $0.23 per share. The ex-dividend date is Wednesday, November 13th. This represents a yield of 1.7%. TJX Companies’s dividend payout ratio (DPR) is 43.60%.

Hedge funds have recently made changes to their positions in the business. Wallington Asset Management LLC lifted its position in TJX Companies by 2.7% during the first quarter. Wallington Asset Management LLC now owns 262,424 shares of the apparel and home fashions retailer’s stock valued at $13,964,000 after buying an additional 6,890 shares in the last quarter. Ashburton Jersey Ltd lifted its position in shares of TJX Companies by 400.9% during the first quarter. Ashburton Jersey Ltd now owns 5,860 shares of the apparel and home fashions retailer’s stock worth $312,000 after purchasing an additional 4,690 shares in the last quarter. Cetera Advisors LLC lifted its position in shares of TJX Companies by 13.4% during the first quarter. Cetera Advisors LLC now owns 27,975 shares of the apparel and home fashions retailer’s stock worth $1,491,000 after purchasing an additional 3,303 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of TJX Companies by 20.5% during the second quarter. Canada Pension Plan Investment Board now owns 311,533 shares of the apparel and home fashions retailer’s stock worth $16,474,000 after purchasing an additional 52,969 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in shares of TJX Companies by 8.0% during the second quarter. Asset Management One Co. Ltd. now owns 859,536 shares of the apparel and home fashions retailer’s stock worth $45,452,000 after purchasing an additional 63,421 shares in the last quarter. 89.16% of the stock is currently owned by hedge funds and other institutional investors.

About TJX Companies

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, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

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Analyst Recommendations for TJX Companies (NYSE:TJX)

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