TJX Companies (NYSE:TJX) Price Target Increased to $126.00 by Analysts at Evercore ISI

TJX Companies (NYSE:TJX - Get Free Report) had its price objective increased by equities researchers at Evercore ISI from $115.00 to $126.00 in a research note issued to investors on Monday, Benzinga reports. The firm presently has an "outperform" rating on the apparel and home fashions retailer's stock. Evercore ISI's price objective points to a potential upside of 12.02% from the company's current price.

Several other analysts also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on shares of TJX Companies in a research report on Tuesday, May 21st. Loop Capital lifted their price target on shares of TJX Companies from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Wednesday, July 3rd. Telsey Advisory Group upped their price objective on shares of TJX Companies from $115.00 to $128.00 and gave the company an "outperform" rating in a research report on Wednesday, August 14th. BMO Capital Markets lifted their target price on TJX Companies from $110.00 to $116.00 and gave the stock an "outperform" rating in a research report on Monday, June 3rd. Finally, The Goldman Sachs Group upgraded TJX Companies from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $100.00 to $110.00 in a research note on Thursday, April 25th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $116.71.

TJX Companies Price Performance

NYSE:TJX traded up $1.03 during mid-day trading on Monday, hitting $112.48. 7,162,726 shares of the company's stock traded hands, compared to its average volume of 5,395,688. TJX Companies has a 1 year low of $86.71 and a 1 year high of $115.35. The company has a market cap of $127.12 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of 2.90 and a beta of 0.88. The firm's 50 day simple moving average is $111.26 and its 200 day simple moving average is $102.93. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.06. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The firm had revenue of $12.48 billion for the quarter, compared to the consensus estimate of $12.48 billion. During the same period in the prior year, the business posted $0.76 earnings per share. The firm's revenue for the quarter was up 5.9% compared to the same quarter last year. Sell-side analysts expect that TJX Companies will post 4.12 EPS for the current year.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the company's stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $102.17, for a total value of $2,043,400.00. Following the completion of the sale, the chief executive officer now directly owns 571,148 shares in the company, valued at $58,354,191.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction on Friday, May 24th. The stock was sold at an average price of $102.17, for a total value of $2,043,400.00. Following the transaction, the chief executive officer now directly owns 571,148 shares in the company, valued at approximately $58,354,191.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kenneth Canestrari sold 20,332 shares of the company's stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $100.00, for a total transaction of $2,033,200.00. Following the completion of the sale, the executive vice president now owns 110,893 shares of the company's stock, valued at approximately $11,089,300. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 50,003 shares of company stock valued at $5,060,941. Company insiders own 0.13% of the company's stock.

Institutional Trading of TJX Companies

Several institutional investors have recently made changes to their positions in TJX. Chase Investment Counsel Corp grew its stake in TJX Companies by 2.5% in the second quarter. Chase Investment Counsel Corp now owns 34,968 shares of the apparel and home fashions retailer's stock valued at $3,849,000 after purchasing an additional 840 shares in the last quarter. EP Wealth Advisors LLC grew its stake in shares of TJX Companies by 229.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 221,497 shares of the apparel and home fashions retailer's stock valued at $24,387,000 after buying an additional 154,342 shares in the last quarter. Kimelman & Baird LLC acquired a new position in TJX Companies in the second quarter worth approximately $37,816,000. Core Alternative Capital raised its holdings in shares of TJX Companies by 2.6% during the 2nd quarter. Core Alternative Capital now owns 55,407 shares of the apparel and home fashions retailer's stock valued at $6,100,000 after purchasing an additional 1,379 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in shares of TJX Companies by 20.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 15,656 shares of the apparel and home fashions retailer's stock worth $1,724,000 after acquiring an additional 2,634 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Company Profile

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.