TJX Companies (NYSE:TJX) Price Target Raised to $135.00

TJX Companies (NYSE:TJX) had its price target lifted by research analysts at Morgan Stanley from $130.00 to $135.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the apparel and home fashions retailer’s stock. Morgan Stanley’s price target suggests a potential upside of 9.79% from the stock’s current price.

Several other research analysts have also recently weighed in on the company. TD Cowen raised their target price on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Guggenheim lifted their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Evercore ISI raised their target price on shares of TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft upped their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Finally, StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $131.67.

TJX Companies Stock Performance

Shares of NYSE TJX traded up $1.11 during midday trading on Tuesday, reaching $122.96. 1,160,520 shares of the company traded hands, compared to its average volume of 4,259,886. The stock has a 50-day moving average price of $122.64 and a 200 day moving average price of $117.64. The company has a market cap of $138.23 billion, a price-to-earnings ratio of 28.94, a PEG ratio of 2.98 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. TJX Companies has a 52 week low of $92.35 and a 52 week high of $128.00.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same period in the prior year, the business posted $1.03 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. Sell-side analysts anticipate that TJX Companies will post 4.18 earnings per share for the current fiscal year.

Institutional Trading of TJX Companies

Several hedge funds have recently added to or reduced their stakes in TJX. Ameriprise Financial Inc. increased its holdings in shares of TJX Companies by 33.4% during the 2nd 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 period. International Assets Investment Management LLC increased its stake in TJX Companies by 13,309.4% during the third quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer’s stock valued at $140,008,000 after acquiring an additional 1,182,272 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its holdings in TJX Companies by 161.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer’s stock valued at $210,003,000 after acquiring an additional 1,102,912 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of TJX Companies by 281.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,235,037 shares of the apparel and home fashions retailer’s stock worth $145,166,000 after acquiring an additional 911,351 shares during the period. Finally, Canoe Financial LP grew its holdings in shares of TJX Companies by 564.0% during the 4th quarter. Canoe Financial LP now owns 1,064,217 shares of the apparel and home fashions retailer’s stock worth $128,568,000 after purchasing an additional 903,939 shares in the last quarter. Institutional investors 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.