TJX Companies (NYSE:TJX) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of TJX Companies (NYSE:TJX) from a hold rating to a buy rating in a research report report published on Sunday.

Several other brokerages have also issued reports on TJX. Robert W. Baird upped their target price on shares of TJX Companies from $113.00 to $128.00 and gave the stock an outperform rating in a research report on Thursday, August 22nd. Loop Capital upped their price objective on TJX Companies from $125.00 to $140.00 and gave the stock a buy rating in a report on Thursday, August 22nd. Morgan Stanley upped their target price on TJX Companies from $122.00 to $129.00 and gave the stock an overweight rating in a research note on Thursday, August 22nd. TD Cowen boosted their price objective on shares of TJX Companies from $120.00 to $125.00 and gave the stock a buy rating in a report on Thursday, August 22nd. Finally, BMO Capital Markets increased their target price on shares of TJX Companies from $116.00 to $133.00 and gave the company an outperform rating in a report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $126.76.

TJX Companies Stock Down 1.5 %

TJX opened at $117.84 on Friday. The firm has a market capitalization of $133.18 billion, a P/E ratio of 29.24, a price-to-earnings-growth ratio of 2.99 and a beta of 0.89. TJX Companies has a one year low of $86.71 and a one year high of $121.13. The company has a fifty day moving average price of $114.59 and a 200-day moving average price of $105.85. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. The business had revenue of $13.47 billion during 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 revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 earnings per share. Equities research analysts expect that TJX Companies will post 4.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by insiders.

Institutional Investors Weigh In On TJX Companies

Several hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of TJX Companies during the fourth quarter valued at approximately $1,193,438,000. Price T Rowe Associates Inc. MD increased its holdings in shares of TJX Companies by 35.9% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after purchasing an additional 3,255,849 shares in the last quarter. PineStone Asset Management Inc. raised its stake in shares of TJX Companies by 134.2% in the second quarter. PineStone Asset Management Inc. now owns 5,467,797 shares of the apparel and home fashions retailer’s stock worth $602,004,000 after purchasing an additional 3,132,960 shares during the last quarter. Ameriprise Financial Inc. raised its stake in shares of TJX Companies by 33.4% in the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock worth $1,347,934,000 after purchasing an additional 3,063,318 shares during the last quarter. Finally, Capital Wealth Planning LLC bought a new position in shares of TJX Companies during the second quarter valued at $315,698,000. 91.09% of the stock is owned by institutional investors.

About TJX Companies

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.