The TJX Companies (NYSE:TJX) PT Raised to $73.00 at Smith Barney Citigroup

The TJX Companies (NYSE:TJX) had its target price hoisted by Smith Barney Citigroup from $63.00 to $73.00 in a report issued on Thursday, The Fly reports.

Other analysts also recently issued research reports about the stock. Royal Bank of Canada increased their price objective on shares of The TJX Companies from $64.00 to $70.00 and gave the company an outperform rating in a research report on Thursday. MKM Partners lowered their price objective on shares of The TJX Companies from $68.00 to $64.00 in a research report on Thursday, August 20th. Barclays increased their price objective on shares of The TJX Companies from $66.00 to $74.00 and gave the company an overweight rating in a research report on Thursday. Zacks Investment Research raised shares of The TJX Companies from a sell rating to a hold rating and set a $64.00 price objective for the company in a research report on Thursday, November 12th. Finally, Bank of America reaffirmed a buy rating and issued a $70.00 price objective on shares of The TJX Companies in a research report on Tuesday, November 10th. 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 company presently has an average rating of Buy and a consensus target price of $68.04.

NYSE TJX opened at $60.68 on Thursday. The TJX Companies has a one year low of $32.72 and a one year high of $65.14. The company’s 50 day moving average price is $56.70 and its 200 day moving average price is $53.95. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.02 and a current ratio of 1.51. 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 TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Tuesday, November 17th. The apparel and home fashions retailer reported $0.71 EPS for the quarter, beating 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 business earned $0.68 EPS. Sell-side analysts forecast 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 firm’s 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 sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael F. Hines sold 20,000 shares of the firm’s stock in a transaction 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 hedge funds have recently bought and sold shares of the business. Newman Dignan & Sheerar Inc. lifted its stake in The TJX Companies by 1.5% in the third quarter. Newman Dignan & Sheerar Inc. now owns 11,934 shares of the apparel and home fashions retailer’s stock valued at $664,000 after buying an additional 175 shares during the last quarter. Meridian Wealth Advisors LLC raised its stake in shares of The TJX Companies by 1.4% during the third quarter. Meridian Wealth Advisors LLC now owns 13,021 shares of the apparel and home fashions retailer’s stock valued at $725,000 after purchasing an additional 182 shares in the last quarter. Arkadios Wealth Advisors raised its stake in shares of The TJX Companies by 9.0% during the third quarter. Arkadios Wealth Advisors now owns 2,274 shares of the apparel and home fashions retailer’s stock valued at $129,000 after purchasing an additional 187 shares in the last quarter. Ellis Investment Partners LLC raised its stake in shares of The TJX Companies by 1.7% during the third quarter. Ellis Investment Partners LLC now owns 11,582 shares of the apparel and home fashions retailer’s stock valued at $644,000 after purchasing an additional 189 shares in the last quarter. Finally, American Research & Management Co. raised its stake in shares of The TJX Companies by 7.9% during the third quarter. American Research & Management Co. now owns 2,703 shares of the apparel and home fashions retailer’s stock valued at $150,000 after purchasing an additional 197 shares in 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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