The TJX Companies, Inc. (NYSE:TJX) Receives $135.06 Consensus Price Target from Analysts

Shares of The TJX Companies, Inc. (NYSE:TJX - Get Free Report) have earned an average rating of "Moderate Buy" from the seventeen brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $135.06.

TJX has been the topic of several analyst reports. Barclays raised their target price on shares of TJX Companies from $136.00 to $137.00 and gave the company an "overweight" rating in a report on Thursday, February 27th. UBS Group raised their target price on shares of TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a report on Friday, January 10th. Morgan Stanley raised their target price on shares of TJX Companies from $130.00 to $135.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of TJX Companies from $130.00 to $131.00 and gave the company a "buy" rating in a research note on Thursday, November 21st.

TJX Companies Price Performance

TJX traded down $1.48 on Tuesday, hitting $116.13. 6,518,035 shares of the company's stock were exchanged, compared to its average volume of 4,872,590. TJX Companies has a fifty-two week low of $92.35 and a fifty-two week high of $128.00. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average price of $122.70 and a 200-day moving average price of $120.35. The stock has a market cap of $130.55 billion, a price-to-earnings ratio of 27.33, a P/E/G ratio of 2.75 and a beta of 0.96.

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TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.07. The firm had revenue of $16.35 billion for the quarter, compared to analysts' expectations of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. As a group, equities analysts anticipate that TJX Companies will post 4.18 earnings per share for the current year.

Insider Transactions at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of the firm's stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ernie Herrman sold 23,428 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the transaction, the chief executive officer now directly owns 484,189 shares of the company's stock, valued at $59,569,772.67. This represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.13% of the company's stock.

Institutional Investors Weigh In On TJX Companies

Hedge funds have recently modified their holdings of the stock. Bogart Wealth LLC purchased a new stake in TJX Companies in the 4th quarter worth about $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in TJX Companies in the 4th quarter worth about $26,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies in the 3rd quarter worth about $29,000. Truvestments Capital LLC purchased a new stake in TJX Companies in the 3rd quarter worth about $29,000. Finally, Legacy Investment Solutions LLC purchased a new stake in TJX Companies in the 3rd quarter worth about $30,000. 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.