Robert W. Baird Boosts The TJX Companies (NYSE:TJX) Price Target to $70.00

The TJX Companies (NYSE:TJX) had its price target boosted by Robert W. Baird from $65.00 to $70.00 in a research report report published on Thursday morning, The Fly reports. They currently have an outperform rating on the apparel and home fashions retailer’s stock.

Several other equities analysts have also recently weighed in on the company. MKM Partners cut their price objective on The TJX Companies from $68.00 to $64.00 in a report on Thursday, August 20th. Barclays lifted their price target on shares of The TJX Companies from $66.00 to $74.00 and gave the company an overweight rating in a research note on Thursday. Morgan Stanley increased their price objective on shares of The TJX Companies from $61.00 to $65.00 and gave the stock an overweight rating in a research report on Friday, November 13th. JPMorgan Chase & Co. boosted their price objective on shares of The TJX Companies from $63.00 to $66.00 and gave the company an overweight rating in a research report on Friday, September 18th. Finally, Zacks Investment Research upgraded The TJX Companies from a sell rating to a hold rating and set a $64.00 target price for the company in a report on Thursday, November 12th. Three research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company. The TJX Companies presently has a consensus rating of Buy and a consensus target price of $68.04.

The TJX Companies stock opened at $60.68 on Thursday. The firm has a market capitalization of $72.76 billion, a price-to-earnings ratio of 106.46, a PEG ratio of 29.72 and a beta of 0.73. The company’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 has a fifty-two week low of $32.72 and a fifty-two week high of $65.14.

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

In other The TJX Companies news, EVP Kenneth Canestrari sold 22,200 shares of the business’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of $55.55, for a total transaction of $1,233,210.00. Following the transaction, the executive vice president now owns 122,347 shares of the company’s stock, valued at $6,796,375.85. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Michael F. Hines sold 20,000 shares of the company’s stock in a transaction that occurred on Thursday, November 19th. The shares were sold at an average price of $61.79, for a total value of $1,235,800.00. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. OLD Second National Bank of Aurora bought a new position in The TJX Companies during the third quarter worth $28,000. Creative Financial Designs Inc. ADV bought a new stake in shares of The TJX Companies during the 2nd quarter worth about $26,000. Jackson Square Capital LLC boosted its holdings in shares of The TJX Companies by 63.7% during the 2nd quarter. Jackson Square Capital LLC now owns 596 shares of the apparel and home fashions retailer’s stock worth $30,000 after buying an additional 232 shares during the period. Truvestments Capital LLC grew its stake in The TJX Companies by 293.8% in the 2nd quarter. Truvestments Capital LLC now owns 634 shares of the apparel and home fashions retailer’s stock valued at $31,000 after buying an additional 473 shares during the last quarter. Finally, BNC Wealth Management LLC bought a new position in The TJX Companies in the 3rd quarter valued at about $49,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

About The TJX Companies

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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