TJX Companies (NYSE:TJX) Earns Outperform Rating from Telsey Advisory Group

TJX Companies (NYSE:TJX)‘s stock had its “outperform” rating restated by analysts at Telsey Advisory Group in a research note issued on Wednesday,Benzinga reports. They presently have a $134.00 target price on the apparel and home fashions retailer’s stock. Telsey Advisory Group’s price target points to a potential upside of 11.75% from the stock’s previous close.

A number of other equities research analysts have also commented on TJX. Robert W. Baird increased their price objective on shares of TJX Companies from $113.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. UBS Group raised their price target on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. BMO Capital Markets upped their price objective on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Loop Capital lifted their target price on TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, Jefferies Financial Group upped their price target on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and a consensus price target of $127.12.

TJX Companies Price Performance

NYSE:TJX opened at $119.91 on Wednesday. The firm has a market cap of $135.24 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 3.03 and a beta of 0.89. The company’s 50-day moving average price is $116.21 and its two-hundred day moving average price is $111.21. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. TJX Companies has a 12 month low of $87.26 and a 12 month high of $122.10.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The business had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.31 billion. During the same period in the previous year, the business earned $0.85 EPS. TJX Companies’s revenue was up 5.6% compared to the same quarter last year. On average, equities analysts anticipate that TJX Companies will post 4.14 EPS for the current fiscal year.

Insider Transactions at TJX Companies

In related 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 completion of the transaction, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. The trade was a 2.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.13% of the company’s stock.

Institutional Trading of TJX Companies

Several hedge funds have recently bought and sold shares of TJX. Avantax Advisory Services Inc. boosted its position in shares of TJX Companies by 2.6% during the first quarter. Avantax Advisory Services Inc. now owns 24,337 shares of the apparel and home fashions retailer’s stock worth $2,468,000 after buying an additional 607 shares during the period. Dorsey & Whitney Trust CO LLC boosted its position in TJX Companies by 4.6% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 8,709 shares of the apparel and home fashions retailer’s stock worth $883,000 after acquiring an additional 380 shares during the last quarter. Banco BTG Pactual S.A. bought a new position in shares of TJX Companies during the 1st quarter worth approximately $3,318,000. Motco raised its holdings in shares of TJX Companies by 0.7% in the first quarter. Motco now owns 112,586 shares of the apparel and home fashions retailer’s stock valued at $11,418,000 after purchasing an additional 815 shares during the last quarter. Finally, J.Safra Asset Management Corp lifted its position in shares of TJX Companies by 15.5% in the first quarter. J.Safra Asset Management Corp now owns 1,381 shares of the apparel and home fashions retailer’s stock worth $140,000 after purchasing an additional 185 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

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.