Guggenheim Securities Initiates Coverage on TJX Companies Inc to Buy

Guggenheim Securities Initiates Coverage on TJX Companies Inc(NYSE:TJX). The shares have been rated Buy. The rating by Guggenheim Securities was issued on Sep 30, 2016.

In a different note, On Aug 17, 2016, Wedbush said it Maintains its rating on TJX Companies Inc. In the research note, the firm Raises the price-target to $82.00 per share. The shares have been rated ‘Outperform’ by the firm. On Aug 1, 2016, Goldman Sachs said it Assumes its rating on TJX Companies Inc. The shares have been rated ‘Buy’ by the firm.

TJX Companies Inc (TJX) made into the market gainers list on Tuesdays trading session with the shares advancing 0.05% or 0.04 points. Due to strong positive momentum, the stock ended at $74.39, which is also near the day’s high of $74.94. The stock began the session at $74.43 and the volume stood at 27,12,790 shares. The 52-week high of the shares is $83.64 and the 52 week low is $63.53. The company has a current market capitalization of $48,848 M and it has 65,66,44,920 shares in outstanding.

TJX Companies Inc has also declared a cash dividend of $0.2600 on Sep 16, 2016. The shares will quote ex-dividend on Nov 8, 2016 and the record date has been fixed on Nov 10, 2016. The dividend payable date has been fixed on Dec 1, 2016.

TJX Companies Inc(TJX) last announced its earnings results on Aug 16, 2016 for Fiscal Year 2017 and Q2.Company reported revenue of $7.88B. Analysts had an estimated revenue of $7.85B. Earnings per share were $0.84. Analysts had estimated an EPS of $0.81.

Several Insider Transactions has been reported to the SEC. On Jun 16, 2016, Jose B Alvarez (director) sold 1,158 shares at $76.51 per share price.Also, 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.

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