TJX Companies (NYSE:TJX) PT Raised to $69.00 at Loop Capital

TJX Companies (NYSE:TJX) had its target price lifted by Loop Capital to $69.00 in a research note issued on Wednesday, The Fly reports. The firm currently has a “buy” rating on the apparel and home fashions retailer’s stock. Loop Capital’s price objective points to a potential upside of 16.71% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. Royal Bank of Canada started coverage on shares of TJX Companies in a research report on Monday, November 11th. They issued a “sector perform” rating and a $60.00 price objective on the stock. Nomura began coverage on shares of TJX Companies in a research note on Thursday, November 7th. They issued a “buy” rating and a $65.00 price target on the stock. Barclays began coverage on shares of TJX Companies in a research note on Tuesday, November 12th. They issued an “overweight” rating and a $66.00 price target on the stock. ValuEngine downgraded shares of TJX Companies from a “sell” rating to a “strong sell” rating in a research note on Monday, November 4th. Finally, UBS Group upgraded shares of TJX Companies from a “sell” rating to a “neutral” rating and upped their price target for the company from $41.00 to $58.00 in a research note on Tuesday, September 17th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $64.15.

NYSE TJX opened at $59.12 on Wednesday. The company has a current ratio of 1.25, a quick ratio of 0.48 and a debt-to-equity ratio of 1.88. The firm’s fifty day moving average price is $58.44 and its two-hundred day moving average price is $54.91. TJX Companies has a 1 year low of $41.49 and a 1 year high of $61.69. The firm has a market capitalization of $72.32 billion, a P/E ratio of 28.02, a price-to-earnings-growth ratio of 2.16 and a beta of 0.67.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Tuesday, November 19th. The apparel and home fashions retailer reported $0.68 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.02. TJX Companies had a net margin of 7.66% and a return on equity of 57.64%. The firm had revenue of $10.45 billion for the quarter, compared to analyst estimates of $10.31 billion. During the same period in the prior year, the firm posted $0.63 earnings per share. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, research analysts anticipate that TJX Companies will post 2.62 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. Krane Funds Advisors LLC purchased a new position in TJX Companies during the 2nd quarter worth $25,000. Prestige Wealth Management Group LLC bought a new stake in shares of TJX Companies during the 2nd quarter worth $25,000. Capital Advisors Ltd. LLC raised its stake in TJX Companies by 202.6% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 587 shares of the apparel and home fashions retailer’s stock valued at $31,000 after acquiring an additional 393 shares during the period. Strategic Blueprint LLC bought a new stake in TJX Companies in the 3rd quarter valued at about $32,000. Finally, Manchester Financial Inc. bought a new stake in shares of TJX Companies during the second quarter valued at about $37,000. 89.45% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Company Profile

The TJX Companies, Inc 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; jewelry and accessories; footwear; and other merchandise.

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Analyst Recommendations for TJX Companies (NYSE:TJX)

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