Goldman Sachs Assumes TJX Companies Inc to Buy

Brokerage firm Goldman Sachs Assumes its rating on TJX Companies Inc(NYSE:TJX). The shares have been rated Buy. The rating by Goldman Sachs was issued on Aug 1, 2016.

In a different note, On May 18, 2016, Bernstein 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.

TJX Companies Inc (TJX) shares turned negative on Mondays trading session with the shares closing down -0.4 points or -0.49% at a volume of 32,21,459. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $82.28. The peak price level was also seen at $82.28 while the days lowest was $81.46. Finally the shares closed at $81.58. The 52-week high of the shares is $82.28 while the 52-week low is $63.53. According to the latest information available, the market cap of the company is $53,931 M.

TJX Companies Inc has also declared a cash dividend of $0.2600 on Jun 8, 2016. The shares will quote ex-dividend on Aug 9, 2016 and the record date has been fixed on Aug 11, 2016. The dividend payable date has been fixed on Sep 1, 2016.

TJX Companies Inc(TJX) last announced its earnings results on May 17, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $7.54B. Analysts had an estimated revenue of $7.29B. Earnings per share were $0.76. Analysts had estimated an EPS of $0.71.

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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