TJX Companies (NYSE:TJX - Get Free Report)'s stock had its "outperform" rating restated by stock analysts at Telsey Advisory Group in a research note issued on Wednesday,Benzinga reports. They currently have a $145.00 target price on the apparel and home fashions retailer's stock. Telsey Advisory Group's price target would suggest a potential upside of 19.76% from the company's previous close.
Several other research firms have also weighed in on TJX. Evercore ISI boosted their target price on shares of TJX Companies from $138.00 to $142.00 and gave the company an "outperform" rating in a research note on Thursday, November 21st. StockNews.com upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, November 30th. Jefferies Financial Group upped their price target on shares of TJX Companies from $140.00 to $145.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Wells Fargo & Company upped their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an "equal weight" rating in a research report on Friday, January 10th. Finally, Guggenheim upped their price target on shares of TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $134.18.
Check Out Our Latest Report on TJX Companies
TJX Companies Stock Performance
TJX stock traded down $1.90 during trading on Wednesday, hitting $121.08. 5,352,613 shares of the company's stock traded hands, compared to its average volume of 4,240,438. 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 has a 52 week low of $92.35 and a 52 week high of $128.00. The stock has a fifty day moving average price of $122.93 and a two-hundred day moving average price of $119.40. The stock has a market capitalization of $136.11 billion, a price-to-earnings ratio of 28.49, a price-to-earnings-growth ratio of 2.76 and a beta of 0.91.
TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the previous year, the firm earned $1.03 earnings per share. The firm's revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, equities analysts anticipate that TJX Companies will post 4.18 EPS for the current fiscal year.
Hedge Funds Weigh In On TJX Companies
A number of institutional investors and hedge funds have recently bought and sold shares of TJX. First Trust Direct Indexing L.P. lifted its holdings in TJX Companies by 12.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer's stock valued at $5,537,000 after acquiring an additional 5,207 shares during the last quarter. Congress Asset Management Co. lifted its holdings in TJX Companies by 1.1% in the 4th quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer's stock valued at $148,456,000 after acquiring an additional 13,036 shares during the last quarter. BLB&B Advisors LLC lifted its holdings in TJX Companies by 2.8% in the 4th quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer's stock valued at $9,795,000 after acquiring an additional 2,201 shares during the last quarter. Atlas Legacy Advisors LLC acquired a new stake in TJX Companies in the 4th quarter valued at about $433,000. Finally, Empowered Funds LLC lifted its holdings in TJX Companies by 12.1% in the 4th quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer's stock valued at $4,130,000 after acquiring an additional 3,691 shares during the last quarter. Institutional investors own 91.09% of the company's stock.
About TJX Companies
(
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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.
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