TJX Companies (NYSE:TJX) Rating Increased to Buy at StockNews.com

TJX Companies (NYSE:TJX) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Thursday.

TJX has been the subject of a number of other reports. Guggenheim boosted their target price on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. BMO Capital Markets boosted their price objective on TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Telsey Advisory Group restated an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a research report on Thursday, February 27th. Barclays lifted their target price on TJX Companies from $136.00 to $137.00 and gave the company an “overweight” rating in a research note on Thursday, February 27th. Finally, Morgan Stanley increased their price target on TJX Companies from $130.00 to $135.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $135.06.

TJX Companies Stock Down 2.1 %

Shares of TJX Companies stock opened at $118.06 on Thursday. The stock has a market capitalization of $132.72 billion, a price-to-earnings ratio of 27.78, a PEG ratio of 2.75 and a beta of 0.96. TJX Companies has a twelve month low of $92.35 and a twelve month high of $128.00. 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 business’s 50 day simple moving average is $121.61 and its 200-day simple moving average is $120.20.

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 firm had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. Equities research analysts forecast that TJX Companies will post 4.18 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the transaction, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at $59,569,772.67. This trade represents a 4.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alan M. Bennett sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Institutional Trading of TJX Companies

Several large investors have recently added to or reduced their stakes in TJX. Prostatis Group LLC boosted its position in shares of TJX Companies by 14.3% in the fourth quarter. Prostatis Group LLC now owns 2,275 shares of the apparel and home fashions retailer’s stock worth $275,000 after buying an additional 285 shares during the period. DSG Capital Advisors LLC acquired a new stake in TJX Companies during the 4th quarter worth about $4,713,000. Chancellor Financial Group WB LP purchased a new position in TJX Companies during the 4th quarter valued at about $249,000. 111 Capital purchased a new position in TJX Companies during the 4th quarter valued at about $1,074,000. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of TJX Companies by 49.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 925,279 shares of the apparel and home fashions retailer’s stock valued at $111,783,000 after purchasing an additional 305,942 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

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.