BMO Capital Markets Raises TJX Companies (NYSE:TJX) Price Target to $145.00

TJX Companies (NYSE:TJX) had its price target raised by stock analysts at BMO Capital Markets from $133.00 to $145.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the apparel and home fashions retailer’s stock. BMO Capital Markets’ target price suggests a potential upside of 16.20% from the stock’s previous close.

TJX has been the topic of several other reports. UBS Group lifted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft boosted their target price on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Morgan Stanley upped their target price on TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. Finally, Wells Fargo & Company upped their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a report on Friday, January 10th. Three analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and an average target price of $135.06.

TJX Companies Trading Up 1.1 %

TJX opened at $124.79 on Thursday. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The firm has a market cap of $140.28 billion, a price-to-earnings ratio of 29.36, a PEG ratio of 2.75 and a beta of 0.91. TJX Companies has a 12 month low of $92.35 and a 12 month high of $128.00. The stock has a fifty day moving average price of $122.98 and a 200-day moving average price of $119.95.

TJX Companies (NYSE:TJX) last announced 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. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $16.35 billion during the quarter, compared to the consensus estimate of $16.24 billion. As a group, equities research analysts anticipate that TJX Companies will post 4.18 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, 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 value of $988,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by insiders.

Institutional Trading of TJX Companies

Several institutional investors have recently bought and sold shares of TJX. Congress Asset Management Co. grew its stake in TJX Companies by 1.1% in the 4th quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock valued at $148,456,000 after acquiring an additional 13,036 shares during the period. Atlas Legacy Advisors LLC purchased a new position in TJX Companies during the fourth quarter valued at $433,000. BLB&B Advisors LLC lifted its holdings in TJX Companies by 2.8% during the fourth quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer’s stock valued at $9,795,000 after purchasing an additional 2,201 shares in the last quarter. Empowered Funds LLC grew its position in shares of TJX Companies by 12.1% in the fourth quarter. Empowered Funds LLC now owns 34,186 shares of the apparel and home fashions retailer’s stock valued at $4,130,000 after purchasing an additional 3,691 shares during the period. Finally, Boyd Watterson Asset Management LLC OH purchased a new stake in shares of TJX Companies during the fourth quarter worth about $604,000. 91.09% of the stock is 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.