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.
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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