Evercore ISI Raises TJX Companies (NYSE:TJX) Price Target to $142.00

TJX Companies (NYSE:TJX) had its price target lifted by Evercore ISI from $138.00 to $142.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the apparel and home fashions retailer’s stock. Evercore ISI’s target price indicates a potential upside of 16.90% from the company’s previous close.

A number of other research analysts have also weighed in on TJX. Robert W. Baird raised their price target on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Barclays lifted 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. TD Cowen increased their price objective on TJX Companies from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Friday, November 15th. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Finally, Morgan Stanley increased their target price on shares of TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $129.47.

TJX Companies Price Performance

Shares of TJX opened at $121.47 on Thursday. The business’s 50-day moving average is $116.52 and its two-hundred day moving average is $112.31. The company has a market capitalization of $137.00 billion, a P/E ratio of 28.58, a P/E/G ratio of 3.03 and a beta of 0.89. TJX Companies has a fifty-two week low of $87.44 and a fifty-two week high of $122.10. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21.

TJX Companies (NYSE:TJX) last issued its quarterly 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 63.19% and a net margin of 8.56%. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter in the prior year, the business posted $1.03 earnings per share. TJX Companies’s revenue for the quarter was up 6.0% on a year-over-year basis. Research analysts predict that TJX Companies will post 4.14 earnings per share for the current year.

Insider Activity

In other news, CEO Ernie Herrman sold 15,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 536,148 shares in the company, valued at $63,018,835.92. This represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TJX. Canada Pension Plan Investment Board lifted its stake in shares of TJX Companies by 22.4% during the first quarter. Canada Pension Plan Investment Board now owns 818,212 shares of the apparel and home fashions retailer’s stock valued at $82,983,000 after buying an additional 149,678 shares during the period. Gamco Investors INC. ET AL boosted its holdings in shares of TJX Companies by 12.0% during the first quarter. Gamco Investors INC. ET AL now owns 2,800 shares of the apparel and home fashions retailer’s stock worth $284,000 after purchasing an additional 300 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of TJX Companies in the first quarter valued at $458,000. Epoch Investment Partners Inc. lifted its position in TJX Companies by 14.6% during the first quarter. Epoch Investment Partners Inc. now owns 1,067,202 shares of the apparel and home fashions retailer’s stock worth $108,236,000 after buying an additional 136,002 shares during the period. Finally, Bank of Nova Scotia Trust Co. boosted its stake in TJX Companies by 3.9% in the 1st quarter. Bank of Nova Scotia Trust Co. now owns 43,107 shares of the apparel and home fashions retailer’s stock worth $4,372,000 after buying an additional 1,616 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

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.