TJX Companies (NYSE:TJX) Given New $142.00 Price Target at Evercore ISI

TJX Companies (NYSE:TJX) had its price objective boosted by stock analysts at Evercore ISI from $138.00 to $142.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the apparel and home fashions retailer’s stock. Evercore ISI’s price target indicates a potential upside of 18.90% from the company’s current price.

Other equities analysts have also recently issued research reports about the company. Loop Capital upped their target price on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Bank of America raised their price target on shares of TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Sunday, September 15th. Morgan Stanley lifted their target price on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Finally, Robert W. Baird upped their target price on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $129.35.

TJX Companies Price Performance

Shares of TJX Companies stock traded down $0.31 on Thursday, reaching $119.43. 1,424,522 shares of the stock were exchanged, compared to its average volume of 5,231,236. The firm’s 50 day moving average is $116.46 and its 200-day moving average is $112.09. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. TJX Companies has a one year low of $87.44 and a one year high of $122.10. The firm has a market cap of $134.70 billion, a PE ratio of 28.85, a P/E/G ratio of 3.03 and a beta of 0.89.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company posted $1.03 EPS. As a group, analysts anticipate that TJX Companies will post 4.14 EPS for the current fiscal year.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the sale, the chief executive officer now owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This trade represents a 2.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On TJX Companies

Several large investors have recently bought and sold shares of TJX. Richard W. Paul & Associates LLC bought a new stake in shares of TJX Companies in the second quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies during the 3rd quarter valued at $29,000. Truvestments Capital LLC bought a new position in shares of TJX Companies during the 3rd quarter valued at $29,000. Copeland Capital Management LLC purchased a new position in shares of TJX Companies in the 3rd quarter worth $30,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies in the third quarter worth $30,000. 91.09% of the stock is currently 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.