The TJX Companies (NYSE:TJX) Price Target Raised to $74.00

The TJX Companies (NYSE:TJX) had its price objective increased by Barclays from $66.00 to $74.00 in a report issued on Thursday, The Fly reports. The brokerage currently has an overweight rating on the apparel and home fashions retailer’s stock.

Several other brokerages have also issued reports on TJX. UBS Group upped their price target on The TJX Companies from $52.00 to $54.00 and gave the company a neutral rating in a research note on Tuesday, August 11th. Bank of America reissued a buy rating and issued a $70.00 target price on shares of The TJX Companies in a research note on Tuesday, November 10th. Zacks Investment Research raised The TJX Companies from a sell rating to a hold rating and set a $64.00 target price on the stock in a research note on Thursday, November 12th. Deutsche Bank Aktiengesellschaft increased their target price on The TJX Companies from $61.00 to $66.00 and gave the company a buy rating in a research note on Thursday, November 12th. Finally, MKM Partners cut their target price on The TJX Companies from $68.00 to $64.00 in a research note on Thursday, August 20th. Three research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Buy and a consensus target price of $68.04.

Shares of TJX opened at $60.68 on Thursday. The company has a quick ratio of 1.02, a current ratio of 1.51 and a debt-to-equity ratio of 1.17. The TJX Companies has a 12-month low of $32.72 and a 12-month high of $65.14. The firm has a market capitalization 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 stock’s fifty day simple moving average is $56.70 and its 200-day simple moving average is $53.95.

The TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Tuesday, November 17th. The apparel and home fashions retailer reported $0.71 earnings per share (EPS) for the quarter, beating the 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 earned $0.68 EPS. Analysts anticipate that The TJX Companies will post 0.18 EPS for the current year.

In related news, EVP Kenneth Canestrari sold 22,200 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 122,347 shares in the company, valued at $6,796,375.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Michael F. Hines sold 20,000 shares of the 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 disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the business. MAI Capital Management grew its stake in 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 valued at $651,000 after purchasing an additional 1,838 shares in the last quarter. Davy Global Fund Management Ltd grew its stake in The TJX Companies by 26.4% in the third quarter. Davy Global Fund Management Ltd now owns 59,175 shares of the apparel and home fashions retailer’s stock valued at $3,293,000 after purchasing an additional 12,376 shares in the last quarter. Independent Advisor Alliance grew its stake in The TJX Companies by 25.9% in the second quarter. Independent Advisor Alliance now owns 11,245 shares of the apparel and home fashions retailer’s stock valued at $569,000 after purchasing an additional 2,310 shares in the last quarter. Calamos Advisors LLC grew its stake in The TJX Companies by 44.4% in the second quarter. Calamos Advisors LLC now owns 607,145 shares of the apparel and home fashions retailer’s stock valued at $30,697,000 after purchasing an additional 186,761 shares in the last quarter. Finally, MUFG Securities EMEA plc bought a new position in The TJX Companies in the second quarter valued at approximately $21,842,000. Hedge funds and other institutional investors 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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