TJX Companies (NYSE:TJX) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

TJX Companies (NYSE:TJX) had its price objective hoisted by analysts at Wells Fargo & Company from $115.00 to $120.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the apparel and home fashions retailer’s stock. Wells Fargo & Company‘s target price suggests a potential downside of 9.73% from the stock’s current price.

A number of other analysts have also commented on the stock. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Monday. Barclays boosted their price target on shares of TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. BMO Capital Markets boosted their price target on shares of TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Citigroup upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and boosted their price target for the company from $128.00 to $140.00 in a research note on Thursday, April 3rd. Finally, Robert W. Baird lifted their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of $137.25.

TJX Companies Stock Performance

Shares of TJX stock opened at $132.93 on Wednesday. The firm has a market capitalization of $148.50 billion, a PE ratio of 31.28, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. The firm has a fifty day simple moving average of $123.95 and a two-hundred day simple moving average of $122.76. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. TJX Companies has a 12 month low of $97.53 and a 12 month high of $133.18.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.07. The business had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Analysts forecast that TJX Companies will post 4.18 EPS for the current fiscal year.

Insider Buying and Selling

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ernie Herrman sold 23,428 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was 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 of the company’s stock, valued at $59,569,772.67. This represents a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Institutional Investors Weigh In On TJX Companies

Institutional investors have recently added to or reduced their stakes in the business. Bogart Wealth LLC purchased a new stake in TJX Companies during the fourth quarter valued at about $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in TJX Companies during the fourth quarter valued at about $26,000. TCTC Holdings LLC lifted its holdings in TJX Companies by 210.1% during the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock valued at $26,000 after purchasing an additional 145 shares during the last quarter. SOA Wealth Advisors LLC. purchased a new stake in TJX Companies during the fourth quarter valued at about $30,000. Finally, Millstone Evans Group LLC purchased a new stake in TJX Companies during the fourth quarter valued at 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.