StockNews.com Downgrades TJX Companies (NYSE:TJX) to Hold

TJX Companies (NYSE:TJX) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday.

Other equities analysts have also issued reports about the stock. UBS Group upped their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. BMO Capital Markets increased their price target on TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $110.00 to $128.00 in a research report on Thursday, August 22nd. Evercore ISI increased their target price on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Robert W. Baird lifted their price target on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $129.47.

TJX Companies Stock Up 1.4 %

NYSE TJX opened at $121.47 on Friday. TJX Companies has a twelve month low of $87.44 and a twelve month high of $122.10. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.60 and a current ratio of 1.19. The stock has a market cap of $137.00 billion, a PE ratio of 28.58, a PEG ratio of 3.01 and a beta of 0.89. The firm has a 50-day simple moving average of $116.52 and a 200 day simple moving average of $112.41.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. On average, research analysts forecast that TJX Companies will post 4.18 EPS for the current year.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the transaction, the chief executive officer now owns 536,148 shares in the company, valued at approximately $63,018,835.92. This represents a 2.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by insiders.

Institutional Trading of TJX Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Gamco Investors INC. ET AL grew its holdings in shares of TJX Companies by 12.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 2,800 shares of the apparel and home fashions retailer’s stock valued at $284,000 after acquiring an additional 300 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in TJX Companies by 35.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock valued at $1,249,237,000 after purchasing an additional 3,255,849 shares in the last quarter. Morse Asset Management Inc increased its position in shares of TJX Companies by 81.3% during the 1st quarter. Morse Asset Management Inc now owns 7,560 shares of the apparel and home fashions retailer’s stock worth $767,000 after purchasing an additional 3,390 shares during the last quarter. Mount Yale Investment Advisors LLC raised its stake in shares of TJX Companies by 1.0% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 21,372 shares of the apparel and home fashions retailer’s stock worth $2,168,000 after purchasing an additional 209 shares in the last quarter. Finally, Earnest Partners LLC boosted its holdings in shares of TJX Companies by 23.0% in the 1st quarter. Earnest Partners LLC now owns 798,010 shares of the apparel and home fashions retailer’s stock valued at $80,934,000 after buying an additional 149,140 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

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.