Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell Raises The TJX Companies (NYSE:TJX) Price Target to $73.00

The TJX Companies (NYSE:TJX) had its price objective boosted by Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell from $63.00 to $73.00 in a report published on Thursday, Stock Target Advisor reports.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. increased their price objective on The TJX Companies from $63.00 to $66.00 and gave the company an overweight rating in a research report on Friday, September 18th. Royal Bank of Canada increased their price objective on The TJX Companies from $64.00 to $70.00 and gave the company an outperform rating in a research report on Thursday. Morgan Stanley increased their price objective on The TJX Companies from $65.00 to $70.00 and gave the company an overweight rating in a research report on Thursday. Credit Suisse Group increased their price target on The TJX Companies from $65.00 to $72.00 and gave the company an outperform rating in a research note on Thursday. Finally, Telsey Advisory Group increased their price target on The TJX Companies from $64.00 to $68.00 and gave the company an outperform rating in a research note on Monday, August 17th. Three research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and an average target price of $68.04.

NYSE TJX opened at $60.68 on Thursday. The firm has a market cap of $72.76 billion, a PE ratio of 106.46, a price-to-earnings-growth ratio of 29.72 and a beta of 0.73. The TJX Companies has a one year low of $32.72 and a one year high of $65.14. The stock’s 50 day simple moving average is $56.70 and its 200 day simple moving average is $53.95. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.51 and a quick ratio of 1.02.

The TJX Companies (NYSE:TJX) last released its quarterly earnings results on Tuesday, November 17th. The apparel and home fashions retailer reported $0.71 EPS for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.31. The TJX Companies had a return on equity of 13.62% and a net margin of 2.11%. During the same quarter last year, the firm posted $0.68 EPS. As a group, equities analysts expect that The TJX Companies will post 0.18 earnings per share for the current year.

In other news, Director Michael F. Hines sold 20,000 shares of the firm’s stock in a transaction dated Thursday, November 19th. The stock was sold at an average price of $61.79, for a total value of $1,235,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kenneth Canestrari sold 22,200 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $55.55, for a total value of $1,233,210.00. Following the completion of the transaction, the executive vice president now owns 122,347 shares of the company’s stock, valued at approximately $6,796,375.85. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in TJX. MAI Capital Management grew its holdings in The TJX Companies by 18.6% during the third quarter. MAI Capital Management now owns 11,699 shares of the apparel and home fashions retailer’s stock worth $651,000 after purchasing an additional 1,838 shares during the period. Davy Global Fund Management Ltd lifted its position in The TJX Companies by 26.4% during the third quarter. Davy Global Fund Management Ltd now owns 59,175 shares of the apparel and home fashions retailer’s stock worth $3,293,000 after acquiring an additional 12,376 shares during the last quarter. Independent Advisor Alliance lifted its position in The TJX Companies by 25.9% during the second quarter. Independent Advisor Alliance now owns 11,245 shares of the apparel and home fashions retailer’s stock worth $569,000 after acquiring an additional 2,310 shares during the last quarter. Calamos Advisors LLC lifted its position in The TJX Companies by 44.4% during the second quarter. Calamos Advisors LLC now owns 607,145 shares of the apparel and home fashions retailer’s stock worth $30,697,000 after acquiring an additional 186,761 shares during the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in The TJX Companies during the second quarter worth approximately $21,842,000. Institutional investors own 89.96% of the company’s stock.

The TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, 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; fine jewelry and accessories; and other merchandise.

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Analyst Recommendations for The TJX Companies (NYSE:TJX)

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