TJX Companies (NYSE:TJX) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of TJX Companies (NYSE:TJX) from a hold rating to a buy rating in a report published on Thursday.

A number of other equities research analysts have also issued reports on TJX. Barclays increased their price target on TJX Companies from $136.00 to $137.00 and gave the stock an “overweight” rating in a research note on Thursday, February 27th. Wells Fargo & Company lifted their target price on TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday, January 10th. Telsey Advisory Group reissued an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a report on Thursday, February 27th. BMO Capital Markets lifted their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a research report on Thursday, February 27th. Finally, Jefferies Financial Group upped their target price on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Two analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.06.

TJX Companies Stock Up 0.7 %

NYSE TJX opened at $120.55 on Thursday. The stock’s 50-day moving average price is $121.69 and its 200-day moving average price is $120.19. The company has a market capitalization of $135.51 billion, a P/E ratio of 28.36, a price-to-earnings-growth ratio of 2.75 and a beta of 0.96. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. TJX Companies has a 52 week low of $92.35 and a 52 week high of $128.00.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. The company had revenue of $16.35 billion for the quarter, compared to analysts’ expectations of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. On average, equities research analysts predict that TJX Companies will post 4.18 earnings per share for the current year.

Insider Activity

In other news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the sale, the chief executive officer now owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. This represents a 4.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total transaction of $988,240.00. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Institutional Trading of TJX Companies

Institutional investors have recently added to or reduced their stakes in the company. Prostatis Group LLC raised its holdings in shares of TJX Companies by 14.3% in the fourth quarter. Prostatis Group LLC now owns 2,275 shares of the apparel and home fashions retailer’s stock worth $275,000 after buying an additional 285 shares during the period. DSG Capital Advisors LLC purchased a new stake in TJX Companies in the fourth quarter worth $4,713,000. Chancellor Financial Group WB LP bought a new stake in shares of TJX Companies during the fourth quarter worth $249,000. 111 Capital purchased a new stake in shares of TJX Companies during the fourth quarter valued at $1,074,000. Finally, Wealth Enhancement Advisory Services LLC increased its stake in TJX Companies by 49.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 925,279 shares of the apparel and home fashions retailer’s stock worth $111,783,000 after buying an additional 305,942 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.