The TJX Companies (NYSE:TJX) Price Target Raised to $70.00

The TJX Companies (NYSE:TJX) had its price objective boosted by Deutsche Bank Aktiengesellschaft from $66.00 to $70.00 in a research note released on Thursday morning, The Fly reports. The brokerage currently has a buy rating on the apparel and home fashions retailer’s stock.

A number of other research analysts have also issued reports on TJX. JPMorgan Chase & Co. boosted 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. Morgan Stanley upped their price target 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. MKM Partners cut their price objective on shares of The TJX Companies from $68.00 to $64.00 in a research report on Thursday, August 20th. Zacks Investment Research raised shares of The TJX Companies from a sell rating to a hold rating and set a $64.00 target price for the company in a research note on Thursday, November 12th. Finally, Telsey Advisory Group raised their price target on shares of 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 assigned a buy rating and one has issued a strong buy rating to the company. The TJX Companies has a consensus rating of Buy and a consensus target price of $68.04.

TJX stock opened at $60.68 on Thursday. The firm has a market cap 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 TJX Companies has a 1-year low of $32.72 and a 1-year high of $65.14. The firm has a fifty day moving average price of $56.70 and a two-hundred day moving average price of $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 announced its quarterly earnings data on Tuesday, November 17th. The apparel and home fashions retailer reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the firm posted $0.68 earnings per share. As a group, analysts expect that The TJX Companies will post 0.18 EPS for the current fiscal year.

In related news, EVP Kenneth Canestrari sold 22,200 shares of The TJX Companies stock in a transaction on Monday, August 31st. The stock was sold at an average price of $55.55, for a total value of $1,233,210.00. Following the transaction, the executive vice president now directly owns 122,347 shares in the company, valued at approximately $6,796,375.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael F. Hines sold 20,000 shares of the business’s stock in a transaction on Thursday, November 19th. The stock was 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. 0.18% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of TJX. MAI Capital Management boosted its holdings in shares of The TJX Companies by 18.6% in the third quarter. MAI Capital Management now owns 11,699 shares of the apparel and home fashions retailer’s stock worth $651,000 after buying an additional 1,838 shares during the period. Davy Global Fund Management Ltd boosted its stake in The TJX Companies by 26.4% in the 3rd 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 purchasing an additional 12,376 shares during the period. Independent Advisor Alliance boosted its stake in The TJX Companies by 25.9% in the 2nd quarter. Independent Advisor Alliance now owns 11,245 shares of the apparel and home fashions retailer’s stock worth $569,000 after purchasing an additional 2,310 shares during the period. Calamos Advisors LLC grew its position in The TJX Companies by 44.4% during the 2nd quarter. Calamos Advisors LLC now owns 607,145 shares of the apparel and home fashions retailer’s stock worth $30,697,000 after purchasing an additional 186,761 shares in the last quarter. Finally, MUFG Securities EMEA plc acquired a new stake in The TJX Companies during the 2nd quarter valued at $21,842,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

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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