StockNews.com Upgrades TJX Companies (NYSE:TJX) to Buy

TJX Companies (NYSE:TJX) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

A number of other equities analysts have also issued reports on TJX. Morgan Stanley lowered their price target on TJX Companies from $136.00 to $133.00 and set an “overweight” rating on the stock in a report on Tuesday, May 6th. Citigroup raised TJX Companies from a “neutral” rating to a “buy” rating and raised their price target for the stock from $128.00 to $140.00 in a report on Thursday, April 3rd. Barclays raised their price target on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a report on Thursday, February 27th. Telsey Advisory Group reissued an “outperform” rating and set a $145.00 price target on shares of TJX Companies in a report on Thursday, February 27th. Finally, Wells Fargo & Company lowered their price target on TJX Companies from $125.00 to $115.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 30th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $136.94.

TJX Companies Stock Down 0.5%

TJX opened at $130.81 on Monday. The business’s 50-day simple moving average is $123.40 and its 200-day simple moving average is $122.57. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. TJX Companies has a one year low of $97.53 and a one year high of $132.47. The stock has a market capitalization of $146.13 billion, a P/E ratio of 30.78, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94.

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

Insider Transactions at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 484,189 shares in the company, valued at $59,569,772.67. This trade represents a 4.62% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On TJX Companies

Several institutional investors have recently modified their holdings of TJX. Bogart Wealth LLC acquired a new position in shares of TJX Companies during the 4th quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of TJX Companies during the 4th quarter worth approximately $26,000. TCTC Holdings LLC raised its position in shares of TJX Companies by 210.1% during the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock worth $26,000 after purchasing an additional 145 shares during the last quarter. SOA Wealth Advisors LLC. acquired a new position in shares of TJX Companies during the 4th quarter worth approximately $30,000. Finally, Millstone Evans Group LLC acquired a new position in shares of TJX Companies during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

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.