TJX Companies (NYSE:TJX) Price Target Raised to $140.00

TJX Companies (NYSE:TJX) had its price objective lifted by research analysts at Guggenheim from $135.00 to $140.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the apparel and home fashions retailer’s stock. Guggenheim’s price objective would suggest a potential upside of 11.05% from the stock’s current price.

TJX has been the topic of a number of other research reports. Wells Fargo & Company increased their price objective on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 22nd. Bank of America raised their price objective on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Evercore ISI upped their target price on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Morgan Stanley lifted their price target on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Finally, UBS Group lifted their price target on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and an average target price of $130.89.

TJX Companies Stock Performance

NYSE TJX opened at $126.07 on Thursday. The company has a market capitalization of $142.19 billion, a price-to-earnings ratio of 29.66, a PEG ratio of 3.09 and a beta of 0.90. TJX Companies has a twelve month low of $88.43 and a twelve month high of $128.00. The stock has a fifty day simple moving average of $117.92 and a 200 day simple moving average of $113.99. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter last year, the firm earned $1.03 earnings per share. TJX Companies’s quarterly revenue was up 6.0% on a year-over-year basis. Sell-side analysts expect that TJX Companies will post 4.18 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On TJX Companies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. OLD National Bancorp IN grew its position in shares of TJX Companies by 1.1% during the 2nd quarter. OLD National Bancorp IN now owns 59,012 shares of the apparel and home fashions retailer’s stock valued at $6,497,000 after acquiring an additional 652 shares during the period. CHICAGO TRUST Co NA increased its position in TJX Companies by 7.9% in the second quarter. CHICAGO TRUST Co NA now owns 2,507 shares of the apparel and home fashions retailer’s stock worth $276,000 after buying an additional 183 shares during the last quarter. Capital Investment Advisors LLC increased its position in TJX Companies by 6.0% in the second quarter. Capital Investment Advisors LLC now owns 2,439 shares of the apparel and home fashions retailer’s stock worth $269,000 after buying an additional 139 shares during the last quarter. Webster Bank N. A. raised its stake in shares of TJX Companies by 18.2% in the second quarter. Webster Bank N. A. now owns 4,041 shares of the apparel and home fashions retailer’s stock valued at $445,000 after buying an additional 623 shares during the period. Finally, Central Valley Advisors LLC purchased a new position in shares of TJX Companies during the 2nd quarter valued at $58,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. 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, and gourmet food departments; jewelry and accessories; and other merchandise.