The TJX Companies, Inc. (NYSE:TJX) Receives Average Recommendation of “Moderate Buy” from Analysts

The TJX Companies, Inc. (NYSE:TJX) has been assigned an average rating of “Moderate Buy” from the sixteen brokerages that are presently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $126.76.

A number of research analysts recently weighed in on the stock. Sanford C. Bernstein raised their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Wells Fargo & Company raised their price target on TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 22nd. Evercore ISI upped their price objective on TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a research report on Monday, August 19th. Barclays raised their target price on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Finally, Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and upped their price target for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd.

TJX Companies Stock Performance

Shares of TJX opened at $119.60 on Tuesday. TJX Companies has a 12 month low of $86.71 and a 12 month high of $121.13. The business’s fifty day simple moving average is $114.48 and its two-hundred day simple moving average is $105.71. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The company has a market cap of $135.17 billion, a price-to-earnings ratio of 29.68, a P/E/G ratio of 2.99 and a beta of 0.89.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating 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%. TJX Companies’s revenue was up 5.6% compared to the same quarter last year. During the same period last year, the firm posted $0.85 earnings per share. Research analysts anticipate that TJX Companies will post 4.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TJX. Aveo Capital Partners LLC grew its stake in TJX Companies by 6.0% during the fourth quarter. Aveo Capital Partners LLC now owns 3,568 shares of the apparel and home fashions retailer’s stock valued at $335,000 after acquiring an additional 203 shares in the last quarter. 9258 Wealth Management LLC increased its holdings in shares of TJX Companies by 36.6% in the fourth quarter. 9258 Wealth Management LLC now owns 13,515 shares of the apparel and home fashions retailer’s stock worth $1,268,000 after purchasing an additional 3,624 shares during the last quarter. Gryphon Financial Partners LLC increased its holdings in shares of TJX Companies by 35.9% in the fourth quarter. Gryphon Financial Partners LLC now owns 2,908 shares of the apparel and home fashions retailer’s stock worth $249,000 after purchasing an additional 768 shares during the last quarter. Hillsdale Investment Management Inc. lifted its position in shares of TJX Companies by 65.5% in the fourth quarter. Hillsdale Investment Management Inc. now owns 9,300 shares of the apparel and home fashions retailer’s stock worth $872,000 after buying an additional 3,680 shares in the last quarter. Finally, Balentine LLC boosted its stake in TJX Companies by 12.3% during the fourth quarter. Balentine LLC now owns 15,723 shares of the apparel and home fashions retailer’s stock valued at $1,475,000 after buying an additional 1,720 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

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.