Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for TJX Companies (NYSE:TJX) Stock

TJX Companies (NYSE:TJX) had its price objective hoisted by equities research analysts at Deutsche Bank Aktiengesellschaft from $130.00 to $131.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the apparel and home fashions retailer’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 7.85% from the company’s previous close.

Several other research analysts also recently commented on the company. Bank of America lifted their price objective on TJX Companies from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. BMO Capital Markets increased their price objective on TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Loop Capital increased their price target on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Finally, Morgan Stanley boosted their price objective on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.47.

TJX Companies Price Performance

TJX opened at $121.47 on Thursday. The stock has a market capitalization of $137.00 billion, a P/E ratio of 28.58, a PEG ratio of 3.03 and a beta of 0.89. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. TJX Companies has a 12-month low of $87.44 and a 12-month high of $122.10. The stock has a 50-day moving average price of $116.52 and a 200-day moving average price of $112.31.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data 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 8.56% and a return on equity of 63.19%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same period in the previous year, the business posted $1.03 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. Equities analysts predict that TJX Companies will post 4.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. The trade was a 2.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TJX. Richard W. Paul & Associates LLC bought a new position in shares of TJX Companies during the second quarter valued at $25,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies during the 3rd quarter valued at about $29,000. Truvestments Capital LLC bought a new stake in TJX Companies during the 3rd quarter valued at about $29,000. Copeland Capital Management LLC purchased a new position in TJX Companies in the third quarter worth about $30,000. Finally, Legacy Investment Solutions LLC purchased a new position in TJX Companies in the third quarter worth about $30,000. Hedge funds and other 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.