Equity research analysts at StockNews.com initiated a hedge on the shares of TJX Companies (NYSE: TJX – Get a rating) in a research report delivered Wednesday to clients and investors. The company has set a “conservation” rating on the clothing and home fashion retailer’s stock.
A number of other research companies have also recently published reports on TJX. Goldman Sachs Group assumed coverage of TJX company stocks in a Tuesday, August 2, research report. They set a “neutral” rating and a price target of $70.00 for the company. Loop Capital raised its price target on shares of TJX companies from $60.00 to $65.00 in a Friday, August 19 research report. Cowen raised his price target on TJX Companies stock from $72.00 to $77.00 and gave the company an “outperform” rating in a Thursday, Aug. 18 research report. Morgan Stanley raised its price target on TJX Companies shares from $75.00 to $77.00 and gave the company an “overweight” rating in a Thursday, August 18 research report. Finally, JPMorgan Chase & Co. raised its price target on shares of TJX Companies from $71.00 to $80.00 in a Friday, September 16 research report. Six research analysts gave the stock a hold rating and twelve gave the company’s stock a buy rating. Based on data from MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $74.94.
Price performance of TJX companies
Shares of TJX opened at $64.36 on Wednesday. TJX Companies has a 12-month low of $53.69 and a 12-month high of $77.35. The stock’s 50-day moving average is $64.10 and its two-hundred-day moving average is $61.81. The company has a market capitalization of $74.73 billion, a PE ratio of 22.99, a P/E/G ratio of 1.98 and a beta of 0.86. The company has a current ratio of 1.17, a quick ratio of 0.47 and a debt ratio of 0.53.
TJX Companies (NYSE: TJX – Get a rating) last reported quarterly earnings data on Wednesday, August 17. The home apparel and fashion retailer reported earnings per share of $0.69 for the quarter, beating analysts’ consensus estimate of $0.67 by $0.02. TJX Companies posted a return on equity of 61.19% and a net margin of 6.77%. The company posted revenue of $11.84 billion for the quarter, versus analyst estimates of $12.05 billion. In the same quarter of the previous year, the company achieved EPS of $0.79. The company’s revenue for the quarter was down 1.9% from the same quarter last year. Research analysts expect TJX companies to post earnings per share of 3.11 for the current year.
Insider Buying and Selling at TJX Companies
In other TJX Companies news, President Carole Meyrowitz sold 70,720 shares of the company in a trade on Thursday, August 18. The stock was sold at an average price of $67.62, for a total value of $4,782,086.40. Following completion of the transaction, the President now directly owns 264,967 shares of the company, valued at approximately $17,917,068.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, available at this hyperlink. In other news, the President Carole Meyrowitz sold 70,720 shares of the company in a trade on Thursday, August 18. The shares were sold at an average price of $67.62, for a total transaction of $4,782,086.40. Following the completion of the sale, the president now directly owns 264,967 shares of the company, valued at approximately $17,917,068.54. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this link. Also, CEO Ernie Herman sold 50,282 shares of the company in a trade on Thursday, September 8. The shares were sold at an average price of $65.90, for a total transaction of $3,313,583.80. As a result of the sale, the CEO now directly owns 696,439 shares of the company, valued at $45,895,330.10. Disclosure of this sale can be found here. In the past three months, insiders have sold 146,375 shares of the company worth $9,821,034. Insiders hold 0.19% of the company’s shares.
Institutional Trading of TJX Companies
Institutional investors have recently changed their positions in the stock. Gateway Investment Advisers LLC increased its position in TJX Companies by 11.9% in Q1. Gateway Investment Advisers LLC now owns 15,512 shares of the apparel and home fashion retailer worth $940,000 after purchasing an additional 1,650 shares during the period. Kestra Private Wealth Services LLC increased its position in TJX Companies by 5.4% in Q1. Kestra Private Wealth Services LLC now owns 20,234 shares of the apparel and home fashion retailer worth $1,226,000 after purchasing an additional 1,036 shares during the period. Charter Oak Capital Management LLC acquired a new stake in TJX Companies during Q2 for $51,000. Capital Investment Advisors LLC acquired a new stake in TJX Companies during Q1 valued at $120,000. Finally, Hennion & Walsh Asset Management Inc. increased its position in TJX Companies by 26.6% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 51,972 shares of the apparel and home fashion retailer worth $2,903,000 after purchasing an additional 10,917 shares during the period. 90.42% of the shares are held by hedge funds and other institutional investors.
Company Profile TJX Companies
The TJX Companies, Inc., together with its subsidiaries, operates as a low-cost home fashion and apparel retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. The company sells family clothing, including shoes and accessories; home fashion items, such as home staples, furniture, rugs, lighting products, gift items, home products, decorative accessories, table tops and kitchen utensils, as well as expanded departments for pets, children and gourmet foods; jewelry and accessories; and other goods.
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