The TJX Companies (NYSE:TJX) had its price objective increased by Robert W. Baird from $65.00 to $70.00 in a research report sent to investors on Thursday, The Fly reports. Robert W. Baird currently has an outperform rating on the apparel and home fashions retailer’s stock.
Several other analysts have also weighed in on the stock. Bank of America reiterated a buy rating and issued a $70.00 price objective on shares of The TJX Companies in a research note on Tuesday, November 10th. Morgan Stanley raised their price target on shares of The TJX Companies from $61.00 to $65.00 and gave the stock an overweight rating in a report on Friday, November 13th. Credit Suisse Group upped their price objective on shares of The TJX Companies from $65.00 to $72.00 and gave the company an outperform rating in a report on Thursday. UBS Group raised their price objective on The TJX Companies from $52.00 to $54.00 and gave the company a neutral rating in a research note on Tuesday, August 11th. Finally, Zacks Investment Research raised The TJX Companies from a sell rating to a hold rating and set a $64.00 target price on the stock in a research report on Thursday, November 12th. Three analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the stock. The TJX Companies has a consensus rating of Buy and an average target price of $68.04.
Shares of TJX opened at $60.68 on Thursday. The company has a current ratio of 1.51, a quick ratio of 1.02 and a debt-to-equity ratio of 1.17. The firm’s fifty day simple moving average is $56.70 and its two-hundred day simple moving average is $53.95. The TJX Companies has a 12 month low of $32.72 and a 12 month high of $65.14. The stock has a market capitalization of $72.76 billion, a P/E ratio of 106.46, a price-to-earnings-growth ratio of 29.72 and a beta of 0.73.
The TJX Companies (NYSE:TJX) last announced its earnings results on Tuesday, November 17th. The apparel and home fashions retailer reported $0.71 EPS for the quarter, beating the consensus estimate of $0.40 by $0.31. The TJX Companies had a return on equity of 13.62% and a net margin of 2.11%. During the same quarter last year, the business posted $0.68 EPS. As a group, research analysts predict that The TJX Companies will post 0.18 EPS for the current fiscal year.
In other news, Director Michael F. Hines sold 20,000 shares of the business’s stock in a transaction on Thursday, November 19th. The shares were sold at an average price of $61.79, for a total transaction of $1,235,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kenneth Canestrari sold 22,200 shares of the company’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $55.55, for a total transaction of $1,233,210.00. Following the completion of the transaction, the executive vice president now directly owns 122,347 shares in the company, valued at approximately $6,796,375.85. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Newman Dignan & Sheerar Inc. boosted its position in shares of The TJX Companies by 1.5% during the 3rd quarter. Newman Dignan & Sheerar Inc. now owns 11,934 shares of the apparel and home fashions retailer’s stock valued at $664,000 after acquiring an additional 175 shares during the last quarter. Meridian Wealth Advisors LLC raised its stake in The TJX Companies by 1.4% in the third quarter. Meridian Wealth Advisors LLC now owns 13,021 shares of the apparel and home fashions retailer’s stock valued at $725,000 after purchasing an additional 182 shares in the last quarter. Arkadios Wealth Advisors lifted its position in The TJX Companies by 9.0% during the third quarter. Arkadios Wealth Advisors now owns 2,274 shares of the apparel and home fashions retailer’s stock valued at $129,000 after purchasing an additional 187 shares during the last quarter. Ellis Investment Partners LLC grew its stake in The TJX Companies by 1.7% in the 3rd quarter. Ellis Investment Partners LLC now owns 11,582 shares of the apparel and home fashions retailer’s stock worth $644,000 after buying an additional 189 shares in the last quarter. Finally, American Research & Management Co. increased its holdings in shares of The TJX Companies by 7.9% in the 3rd quarter. American Research & Management Co. now owns 2,703 shares of the apparel and home fashions retailer’s stock worth $150,000 after buying an additional 197 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.
About The TJX Companies
The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; fine jewelry and accessories; and other merchandise.
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