The TJX Companies (NYSE:TJX) had its target price increased by Jefferies Financial Group from $67.00 to $75.00 in a report issued on Thursday morning, The Fly reports. They currently have a buy rating on the apparel and home fashions retailer’s stock. Jefferies Financial Group also issued estimates for The TJX Companies’ FY2022 earnings at $2.85 EPS.
A number of other research firms also recently weighed in on TJX. MKM Partners dropped their price target on The TJX Companies from $68.00 to $64.00 in a research note on Thursday, August 20th. Telsey Advisory Group increased their target price on The TJX Companies from $64.00 to $68.00 and gave the stock an outperform rating in a report on Monday, August 17th. JPMorgan Chase & Co. boosted their price target on shares of The TJX Companies from $63.00 to $66.00 and gave the company an overweight rating in a research note on Friday, September 18th. Morgan Stanley upped their price objective on shares of The TJX Companies from $65.00 to $70.00 and gave the stock an overweight rating in a report on Thursday. Finally, Robert W. Baird lifted their price objective on shares of The TJX Companies from $65.00 to $70.00 and gave the company an outperform rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $68.04.
NYSE:TJX opened at $60.68 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.51 and a debt-to-equity ratio of 1.17. The TJX Companies has a twelve month low of $32.72 and a twelve month high of $65.14. The company has a fifty day moving average of $56.70 and a 200-day moving average of $53.95. The firm has a market capitalization of $72.76 billion, a P/E ratio of 106.46, a P/E/G ratio of 29.72 and a beta of 0.73.
The TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Tuesday, November 17th. The apparel and home fashions retailer reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.31. The TJX Companies had a net margin of 2.11% and a return on equity of 13.62%. During the same period in the prior year, the company earned $0.68 earnings per share. On average, analysts anticipate that The TJX Companies will post 0.18 EPS for the current fiscal year.
In related news, EVP Kenneth Canestrari sold 22,200 shares of The TJX Companies stock in a transaction dated Monday, August 31st. The stock was sold at an average price of $55.55, for a total value of $1,233,210.00. Following the completion of the sale, the executive vice president now owns 122,347 shares of the company’s stock, valued at approximately $6,796,375.85. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael F. Hines sold 20,000 shares of the business’s stock in a transaction dated Thursday, November 19th. The shares were sold at an average price of $61.79, for a total value of $1,235,800.00. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Financial Designs Inc. ADV bought a new position in The TJX Companies in the 2nd quarter worth approximately $26,000. OLD Second National Bank of Aurora bought a new position in shares of The TJX Companies in the third quarter worth $28,000. Jackson Square Capital LLC grew its position in shares of The TJX Companies by 63.7% in the second quarter. Jackson Square Capital LLC now owns 596 shares of the apparel and home fashions retailer’s stock valued at $30,000 after purchasing an additional 232 shares in the last quarter. Truvestments Capital LLC raised its stake in shares of The TJX Companies by 293.8% during the 2nd quarter. Truvestments Capital LLC now owns 634 shares of the apparel and home fashions retailer’s stock valued at $31,000 after purchasing an additional 473 shares during the period. Finally, BNC Wealth Management LLC purchased a new stake in The TJX Companies during the 3rd quarter worth about $49,000. 89.96% of the stock is currently owned by institutional investors.
The TJX Companies Company Profile
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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