TJX Companies (NYSE:TJX) Price Target Raised to $131.00

TJX Companies (NYSE:TJX) had its target price hoisted by analysts at Deutsche Bank Aktiengesellschaft from $130.00 to $131.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the apparel and home fashions retailer’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 10.07% from the stock’s previous close.

A number of other research analysts have also issued reports on TJX. Barclays increased their target price on shares of TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Robert W. Baird lifted their price objective on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. BMO Capital Markets increased their target price on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Evercore ISI boosted their price target on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research note on Monday, August 19th. Finally, UBS Group increased their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $128.41.

TJX Companies Stock Performance

Shares of TJX Companies stock traded down $0.73 on Thursday, hitting $119.01. The stock had a trading volume of 1,281,149 shares, compared to its average volume of 5,230,602. The stock has a market cap of $134.23 billion, a price-to-earnings ratio of 28.64, a price-to-earnings-growth ratio of 3.03 and a beta of 0.89. The business’s 50 day moving average is $116.46 and its two-hundred day moving average is $112.09. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. TJX Companies has a twelve month low of $87.44 and a twelve month high of $122.10.

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

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction dated 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 directly owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TJX. Canada Pension Plan Investment Board grew its holdings in TJX Companies by 22.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 818,212 shares of the apparel and home fashions retailer’s stock worth $82,983,000 after acquiring an additional 149,678 shares during the period. Gamco Investors INC. ET AL grew its stake in TJX Companies by 12.0% during the first quarter. Gamco Investors INC. ET AL now owns 2,800 shares of the apparel and home fashions retailer’s stock worth $284,000 after purchasing an additional 300 shares during the period. LRI Investments LLC bought a new stake in TJX Companies in the first quarter worth approximately $458,000. Epoch Investment Partners Inc. lifted its stake in TJX Companies by 14.6% in the first quarter. Epoch Investment Partners Inc. now owns 1,067,202 shares of the apparel and home fashions retailer’s stock valued at $108,236,000 after buying an additional 136,002 shares during the period. Finally, Bank of Nova Scotia Trust Co. boosted its holdings in shares of TJX Companies by 3.9% during the 1st quarter. Bank of Nova Scotia Trust Co. now owns 43,107 shares of the apparel and home fashions retailer’s stock worth $4,372,000 after buying an additional 1,616 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

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.