Wells Fargo & Company Boosts TJX Companies (NYSE:TJX) Price Target to $120.00

TJX Companies (NYSE:TJX) had its target price boosted by stock analysts at Wells Fargo & Company from $115.00 to $120.00 in a report released on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the apparel and home fashions retailer’s stock.

A number of other analysts also recently weighed in on TJX. Evercore ISI upped their price target 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. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Deutsche Bank Aktiengesellschaft lifted their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Telsey Advisory Group restated an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a research report on Friday, December 6th. Finally, Guggenheim lifted their target price on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $131.33.

TJX Companies Price Performance

TJX Companies stock opened at $120.00 on Friday. The firm has a market cap of $134.90 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 3.07 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. The stock’s fifty day moving average price is $122.06 and its two-hundred day moving average price is $117.16. TJX Companies has a one year low of $92.35 and a one year 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 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 quarter last year, the business earned $1.03 earnings per share. TJX Companies’s revenue was up 6.0% on a year-over-year basis. As a group, research analysts expect that TJX Companies will post 4.18 EPS for the current fiscal year.

Institutional Investors Weigh In On TJX Companies

Institutional investors have recently made changes to their positions in the stock. Graypoint LLC lifted its stake in shares of TJX Companies by 4.0% in the fourth quarter. Graypoint LLC now owns 8,686 shares of the apparel and home fashions retailer’s stock worth $1,049,000 after acquiring an additional 334 shares during the period. RMR Wealth Builders raised its holdings in TJX Companies by 203.0% during the 4th quarter. RMR Wealth Builders now owns 12,347 shares of the apparel and home fashions retailer’s stock worth $1,492,000 after purchasing an additional 8,272 shares during the last quarter. Atlas Brown Inc. lifted its position in shares of TJX Companies by 0.5% in the 4th quarter. Atlas Brown Inc. now owns 28,215 shares of the apparel and home fashions retailer’s stock worth $3,409,000 after purchasing an additional 133 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in shares of TJX Companies by 43.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 888,668 shares of the apparel and home fashions retailer’s stock valued at $104,455,000 after purchasing an additional 269,331 shares during the last quarter. Finally, ORG Partners LLC increased its position in shares of TJX Companies by 45.1% during the fourth quarter. ORG Partners LLC now owns 2,442 shares of the apparel and home fashions retailer’s stock worth $295,000 after buying an additional 759 shares during the period. 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.