TJX Companies Inc (TJX) was Initiated by Miller Tabak to “Buy” and the brokerage firm has set the Price Target at $91. Miller Tabak advised their investors in a research report released on Jun 24, 2016.
Many Wall Street Analysts have commented on TJX Companies Inc. Company shares were Reiterated by RBC Capital Mkts on May 18, 2016 to “Outperform”, Firm has raised the Price Target to $ 84 from a previous price target of $82 .
On the company’s financial health, TJX Companies Inc reported $0.76 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 17, 2016. Analyst had a consensus of $0.71. The company had revenue of $7542.40 million for the quarter, compared to analysts expectations of $7290.53 million. The company’s revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.
TJX Companies Inc opened for trading at $76.94 and hit $77.51 on the upside on Tuesday, eventually ending the session at $77.26, with a gain of 0.85% or 0.65 points. The heightened volatility saw the trading volume jump to 33,42,335 shares. Company has a market cap of $51,075 M.
Investors should note that on Jun 8, 2016, TJX Companies Inc announced a cash dividend of $0.2600. The company’s management has announced Aug 9, 2016 as the ex-dividend date and fixed the record date on Aug 11, 2016. The payable date has been fixed on Sep 1, 2016.
In a different news, on Jun 16, 2016, Jose B Alvarez (director) sold 1,158 shares at $76.51 per share price. According to the SEC, on Jun 2, 2016, Carol Meyrowitz (Executive Chairman) sold 64,160 shares at $76.56 per share price. On May 26, 2016, Ernie Herrman (CEO & President) sold 24,776 shares at $75.40 per share price, according to the Form-4 filing with the securities and exchange commission.
The TJX Companies Inc. (TJX) is an off-price apparel and home fashions. The Company operates through four segments: Marmaxx HomeGoods TJX Canada and TJX Europe. The Marmaxx and HomeGoods business offers family apparel home fashions accent furniture lamps rugs wall decor decorative accessories and giftware and other merchandise. The TJX Canada offers jewelry and home fashions. TJX Europe operates the T.K. Maxx and HomeSense chains in Europe. The Company operates approximately 3461 stores in countries including the United States Canada the United Kingdom Ireland Germany Poland Austria and Australia.