TJX Companies (NYSE:TJX) Stock Rating Upgraded by StockNews.com

TJX Companies (NYSE:TJX - Get Free Report) was upgraded by equities research analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Sunday.

Several other research firms also recently issued reports on TJX. Loop Capital upped their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the company a "buy" rating in a research note on Thursday, August 22nd. Sanford C. Bernstein boosted their price objective on TJX Companies from $115.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, May 23rd. Morgan Stanley raised their target price on shares of TJX Companies from $122.00 to $129.00 and gave the stock an "overweight" rating in a research report on Thursday, August 22nd. BMO Capital Markets upped their price target on shares of TJX Companies from $116.00 to $133.00 and gave the company an "outperform" rating in a research report on Thursday, August 22nd. Finally, Telsey Advisory Group reiterated an "outperform" rating and set a $128.00 price target on shares of TJX Companies in a research note on Wednesday, August 21st. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, TJX Companies currently has an average rating of "Moderate Buy" and an average target price of $126.76.

TJX Companies Stock Up 1.3 %

TJX traded up $1.59 during trading hours on Friday, hitting $119.81. 3,961,111 shares of the company's stock were exchanged, compared to its average volume of 5,270,323. The firm has a market cap of $135.40 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 2.99 and a beta of 0.89. TJX Companies has a 12-month low of $86.71 and a 12-month high of $121.13. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $114.33 and a 200 day moving average of $105.57.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.04. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. TJX Companies's revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 EPS. Analysts predict that TJX Companies will post 4.15 EPS for the current fiscal year.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the 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 sale, the chief executive officer now owns 536,148 shares of the company's stock, valued at $63,018,835.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.13% of the company's stock.

Institutional Investors Weigh In On TJX Companies

Several hedge funds have recently made changes to their positions in the business. Valued Wealth Advisors LLC boosted its stake in TJX Companies by 260.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer's stock worth $25,000 after buying an additional 177 shares during the last quarter. Richard W. Paul & Associates LLC acquired a new stake in shares of TJX Companies in the second quarter worth approximately $25,000. Frazier Financial Advisors LLC purchased a new stake in TJX Companies in the fourth quarter valued at approximately $27,000. OFI Invest Asset Management acquired a new position in TJX Companies during the first quarter worth approximately $30,000. Finally, AlphaMark Advisors LLC increased its position in TJX Companies by 58.4% during the first quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer's stock worth $34,000 after purchasing an additional 122 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

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.