TJX Companies (NYSE:TJX) Raised to "Buy" at StockNews.com

TJX Companies (NYSE:TJX - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Thursday.

A number of other research firms have also weighed in on TJX. Robert W. Baird boosted their target price on shares of TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research report on Thursday, February 27th. Morgan Stanley boosted their price objective on TJX Companies from $130.00 to $135.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Jefferies Financial Group increased their target price on TJX Companies from $140.00 to $145.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a research report on Thursday, February 27th. Finally, UBS Group increased their price objective on TJX Companies from $148.00 to $151.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $135.06.

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TJX Companies Stock Down 2.1 %

Shares of NYSE:TJX traded down $2.51 on Thursday, reaching $118.06. The company had a trading volume of 3,742,276 shares, compared to its average volume of 5,199,483. The stock has a market capitalization of $132.72 billion, a P/E ratio of 27.78, a P/E/G ratio of 2.75 and a beta of 0.96. The stock has a 50-day moving average price of $121.61 and a 200 day moving average price of $120.22. TJX Companies has a twelve month low of $92.35 and a twelve month high of $128.00. 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 - Get Free Report) last posted its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. On average, equities analysts expect that TJX Companies will post 4.18 EPS for the current year.

Insider Buying and Selling at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of the company's stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies 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 completion of the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. This represents a 4.62 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

Hedge Funds Weigh In On TJX Companies

Several hedge funds have recently made changes to their positions in TJX. Howard Capital Management Group LLC lifted its position in TJX Companies by 42.9% during the 3rd quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer's stock worth $27,208,000 after buying an additional 69,489 shares in the last quarter. Centaurus Financial Inc. acquired a new stake in shares of TJX Companies in the third quarter valued at about $101,000. Truvestments Capital LLC bought a new stake in TJX Companies during the third quarter worth about $29,000. Quantbot Technologies LP acquired a new position in TJX Companies during the third quarter valued at approximately $922,000. Finally, Cadence Bank grew its stake in TJX Companies by 29.9% in the third quarter. Cadence Bank now owns 7,115 shares of the apparel and home fashions retailer's stock valued at $836,000 after purchasing an additional 1,637 shares in the last quarter. 91.09% of the stock is owned by 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.