Wells Fargo & Company Boosts TJX Companies (NYSE:TJX) Price Target to $120.00

TJX Companies (NYSE:TJX - Get Free Report) had its price target lifted by analysts at Wells Fargo & Company from $115.00 to $120.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an "equal weight" rating on the apparel and home fashions retailer's stock.

Several other equities analysts also recently issued reports on the stock. StockNews.com raised shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, November 30th. Jefferies Financial Group upped their target price 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. Deutsche Bank Aktiengesellschaft lifted their price target on TJX Companies from $130.00 to $131.00 and gave the company a "buy" rating in a report on Thursday, November 21st. Guggenheim increased their price objective on TJX Companies from $135.00 to $140.00 and gave the stock a "buy" rating in a report on Thursday, December 5th. Finally, TD Cowen lifted their target price on TJX Companies from $130.00 to $132.00 and gave the company a "buy" rating in a research note on Friday, November 22nd. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, TJX Companies currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.33.

TJX Companies Stock Performance

Shares of TJX Companies stock traded down $1.65 during trading hours on Friday, reaching $120.00. The company's stock had a trading volume of 4,355,153 shares, compared to its average volume of 4,560,075. TJX Companies has a one year low of $92.35 and a one year high of $128.00. The company's 50 day simple moving average is $121.91 and its 200 day simple moving average is $117.05. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The stock has a market cap of $134.90 billion, a P/E ratio of 28.24, a price-to-earnings-growth ratio of 3.07 and a beta of 0.91.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. TJX Companies's quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 earnings per share. As a group, analysts expect that TJX Companies will post 4.18 EPS for the current fiscal year.

Institutional Investors Weigh In On TJX Companies

Several hedge funds have recently modified their holdings of the stock. Graypoint LLC increased its position in shares of TJX Companies by 4.0% in the fourth quarter. Graypoint LLC now owns 8,686 shares of the apparel and home fashions retailer's stock worth $1,049,000 after acquiring an additional 334 shares in the last quarter. RMR Wealth Builders boosted its stake in TJX Companies by 203.0% in the 4th quarter. RMR Wealth Builders now owns 12,347 shares of the apparel and home fashions retailer's stock worth $1,492,000 after purchasing an additional 8,272 shares during the period. Atlas Brown Inc. grew its position in TJX Companies by 0.5% during the 4th quarter. Atlas Brown Inc. now owns 28,215 shares of the apparel and home fashions retailer's stock worth $3,409,000 after purchasing an additional 133 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in TJX Companies by 43.5% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 888,668 shares of the apparel and home fashions retailer's stock valued at $104,455,000 after purchasing an additional 269,331 shares during the period. Finally, ORG Partners LLC lifted its holdings in shares of TJX Companies by 45.1% in the fourth quarter. ORG Partners LLC now owns 2,442 shares of the apparel and home fashions retailer's stock valued at $295,000 after purchasing an additional 759 shares in the last quarter. 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.