TJX Companies (NYSE:TJX) Price Target Raised to $137.00

TJX Companies (NYSE:TJX) had its price objective boosted by equities researchers at Barclays from $136.00 to $137.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the apparel and home fashions retailer’s stock. Barclays‘s target price points to a potential upside of 9.79% from the stock’s previous close.

A number of other analysts have also issued reports on the stock. Robert W. Baird lifted their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday. Morgan Stanley raised their price target on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Wells Fargo & Company boosted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. TD Cowen raised 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. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $135.06.

TJX Companies Stock Up 1.1 %

Shares of TJX Companies stock opened at $124.79 on Thursday. TJX Companies has a twelve month low of $92.35 and a twelve month high of $128.00. The stock has a market cap of $140.28 billion, a price-to-earnings ratio of 29.36, a price-to-earnings-growth ratio of 2.75 and a beta of 0.91. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average price of $122.98 and a 200 day moving average price of $119.95.

TJX Companies (NYSE:TJX) last issued 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 company had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. Equities research analysts forecast that TJX Companies will post 4.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TJX Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in TJX Companies by 1.7% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer’s stock valued at $603,000 after purchasing an additional 84 shares during the period. Nwam LLC lifted its stake in TJX Companies by 2.0% in the fourth quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer’s stock valued at $524,000 after buying an additional 84 shares during the last quarter. Hartford Funds Management Co LLC boosted its holdings in shares of TJX Companies by 0.5% during the third quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer’s stock valued at $2,107,000 after acquiring an additional 86 shares during the period. One Charles Private Wealth Services LLC grew its position in shares of TJX Companies by 5.0% during the fourth quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer’s stock worth $218,000 after acquiring an additional 86 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC increased its holdings in shares of TJX Companies by 3.4% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock worth $318,000 after acquiring an additional 90 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Company Profile

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.