The TJX Companies (NYSE:TJX) PT Raised to $70.00

The TJX Companies (NYSE:TJX) had its price target boosted by Morgan Stanley from $65.00 to $70.00 in a research report sent to investors on Thursday, The Fly reports. They currently have an overweight rating on the apparel and home fashions retailer’s stock.

Other analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of The TJX Companies from $66.00 to $70.00 and gave the stock a buy rating in a report on Thursday. Credit Suisse Group upped their price objective on The TJX Companies from $65.00 to $72.00 and gave the company an outperform rating in a report on Thursday. Robert W. Baird raised their target price on The TJX Companies from $65.00 to $70.00 and gave the stock an outperform rating in a report on Thursday. MKM Partners lowered their price target on The TJX Companies from $68.00 to $64.00 in a research note on Thursday, August 20th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of The TJX Companies from $63.00 to $66.00 and gave the stock an overweight rating in a research note on Friday, September 18th. Three 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 stock. The company has a consensus rating of Buy and a consensus price target of $68.04.

The TJX Companies stock opened at $60.68 on Thursday. The business’s 50-day simple moving average is $56.70 and its 200 day simple moving average is $53.95. 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 stock has a market cap of $72.76 billion, a price-to-earnings ratio of 106.46, a P/E/G ratio of 29.72 and a beta of 0.73. The TJX Companies has a 12-month low of $32.72 and a 12-month high of $65.14.

The TJX Companies (NYSE:TJX) last issued its 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 net margin of 2.11% and a return on equity of 13.62%. During the same period last year, the firm posted $0.68 EPS. As a group, sell-side analysts expect that The TJX Companies will post 0.18 EPS 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 TJX Companies 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 sale, the executive vice president now directly owns 122,347 shares in the company, valued at approximately $6,796,375.85. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Copper Rock Capital Partners LLC grew its stake in shares of The TJX Companies by 746.7% in the second quarter. Copper Rock Capital Partners LLC now owns 11,191,590 shares of the apparel and home fashions retailer’s stock valued at $564,399,000 after buying an additional 9,869,787 shares in the last quarter. BlackRock Inc. raised its holdings in shares of The TJX Companies by 8.3% in the 2nd quarter. BlackRock Inc. now owns 100,571,841 shares of the apparel and home fashions retailer’s stock valued at $5,084,911,000 after purchasing an additional 7,726,907 shares during the period. Neuberger Berman Group LLC lifted its stake in The TJX Companies by 1,660.1% in the 2nd quarter. Neuberger Berman Group LLC now owns 3,451,629 shares of the apparel and home fashions retailer’s stock valued at $174,474,000 after purchasing an additional 3,255,528 shares during the last quarter. Nordea Investment Management AB grew its holdings in The TJX Companies by 97.9% during the second quarter. Nordea Investment Management AB now owns 5,396,024 shares of the apparel and home fashions retailer’s stock worth $269,532,000 after purchasing an additional 2,669,113 shares during the period. Finally, JPMorgan Chase & Co. increased its position in The TJX Companies by 19.3% during the third quarter. JPMorgan Chase & Co. now owns 16,483,717 shares of the apparel and home fashions retailer’s stock worth $892,758,000 after buying an additional 2,665,468 shares during the last quarter. 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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