TJX Companies (NYSE:TJX – Get Free Report) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Saturday.
A number of other analysts have also commented on the company. UBS Group raised their price target on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and raised their price target for the stock from $110.00 to $128.00 in a research note on Thursday, August 22nd. Jefferies Financial Group raised their price target on TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Evercore ISI raised their price target on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. Finally, Barclays raised their price target on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Three research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $129.47.
View Our Latest Analysis on TJX Companies
TJX Companies Stock Performance
TJX Companies (NYSE:TJX – Get Free Report) last released its quarterly earnings data 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 firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.03 earnings per share. Equities research analysts predict that TJX Companies will post 4.18 earnings per share for the current year.
Insider Buying and Selling
In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies 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 sale, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. This trade represents a 2.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On TJX Companies
Large investors have recently bought and sold shares of the business. Richard W. Paul & Associates LLC bought a new stake in TJX Companies in the 2nd quarter worth about $25,000. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies during the 3rd quarter valued at about $29,000. Truvestments Capital LLC bought a new stake in shares of TJX Companies during the 3rd quarter valued at about $29,000. Copeland Capital Management LLC bought a new stake in shares of TJX Companies during the 3rd quarter valued at about $30,000. Finally, Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies during the 3rd quarter valued at about $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.
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