UBS Group Forecasts Strong Price Appreciation for TJX Companies (NYSE:TJX) Stock

TJX Companies (NYSE:TJX) had its price target boosted by stock analysts at UBS Group from $148.00 to $151.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the apparel and home fashions retailer’s stock. UBS Group’s price objective suggests a potential upside of 25.83% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. Robert W. Baird raised their price target on shares of TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, December 5th. Evercore ISI increased their price objective on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research note on Thursday, November 21st. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Guggenheim upped their price target on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, TD Cowen raised their price objective on TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.33.

TJX Companies Stock Down 1.4 %

Shares of NYSE:TJX opened at $120.00 on Friday. The firm has a market cap of $134.90 billion, a P/E ratio of 28.24, a PEG ratio of 3.07 and a beta of 0.91. TJX Companies has a 52-week low of $92.35 and a 52-week high of $128.00. The business’s 50 day simple moving average is $122.06 and its two-hundred day simple moving average is $117.16. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19.

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

Hedge Funds Weigh In On TJX Companies

Several institutional investors have recently bought and sold shares of TJX. LPL Financial LLC raised its position in shares of TJX Companies by 0.4% in the second quarter. LPL Financial LLC now owns 842,405 shares of the apparel and home fashions retailer’s stock valued at $92,749,000 after purchasing an additional 3,339 shares during the period. Cornercap Investment Counsel Inc. purchased a new stake in shares of TJX Companies during the second quarter worth $1,264,000. Eagle Strategies LLC bought a new position in shares of TJX Companies in the second quarter worth $209,000. D Orazio & Associates Inc. purchased a new position in shares of TJX Companies in the second quarter valued at $210,000. Finally, Oppenheimer & Co. Inc. raised its stake in shares of TJX Companies by 10.0% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 105,372 shares of the apparel and home fashions retailer’s stock valued at $11,601,000 after purchasing an additional 9,543 shares during the period. 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.