TJX Companies (NYSE:TJX) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of TJX Companies (NYSE:TJX) from a buy rating to a hold rating in a report released on Saturday.

A number of other research firms have also recently weighed in on TJX. Sanford C. Bernstein upped their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an outperform rating in a research note on Thursday, May 23rd. Telsey Advisory Group reissued an outperform rating and set a $128.00 price objective on shares of TJX Companies in a report on Wednesday, August 21st. TD Cowen increased their target price on shares of TJX Companies from $120.00 to $125.00 and gave the company a buy rating in a report on Thursday, August 22nd. Citigroup lowered TJX Companies from a buy rating to a neutral rating and boosted their price target for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Finally, Robert W. Baird raised their price objective on TJX Companies from $113.00 to $128.00 and gave the company an outperform rating in a research note on Thursday, August 22nd. Four analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, TJX Companies has an average rating of Moderate Buy and an average target price of $126.76.

TJX Companies Stock Up 0.6 %

Shares of NYSE:TJX opened at $117.83 on Friday. TJX Companies has a fifty-two week low of $86.71 and a fifty-two week high of $121.13. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The firm’s 50-day simple moving average is $113.86 and its 200-day simple moving average is $105.18. The company has a market cap of $132.90 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 2.92 and a beta of 0.89.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.04. The company had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.85 EPS. As a group, equities research analysts predict that TJX Companies will post 4.15 earnings per share for the current year.

Institutional Trading of TJX Companies

A number of large investors have recently made changes to their positions in TJX. Richard W. Paul & Associates LLC purchased a new position in TJX Companies in the 2nd quarter valued at about $25,000. Valued Wealth Advisors LLC raised its position in shares of TJX Companies by 260.3% in the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after buying an additional 177 shares during the last quarter. First Pacific Financial acquired a new position in shares of TJX Companies in the first quarter valued at approximately $29,000. Frazier Financial Advisors LLC purchased a new position in shares of TJX Companies during the fourth quarter valued at approximately $27,000. Finally, New Millennium Group LLC acquired a new stake in TJX Companies during the second quarter worth approximately $34,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. 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, and gourmet food departments; jewelry and accessories; and other merchandise.