TJX Companies (NYSE: TJX – Get a rating) saw its price target lowered by equity researchers to JPMorgan Chase & Co. from $81.00 to $76.00 in a research note released Monday to investors, Fly reports. JPMorgan Chase & Co.The company’s price target suggests a potential upside of 32.89% from the company’s current price.
A number of other stock analysts have also published reports on TJX. StockNews.com began covering TJX companies in a research note on Thursday, March 31. They set a “buy” rating for the company. Barclays raised its price target on TJX companies from $82.00 to $85.00 and gave the company an “overweight” rating in a Wednesday, April 13 research note. Robert W. Baird cut his price target on TJX Companies from $88.00 to $78.00 in a Thursday, February 24 research report. Credit Suisse Group cut its price target on TJX companies from $86.00 to $73.00 and set an “outperform” rating for the company in a Thursday, Feb. 24 research report. Finally, Cowen reduced its price target on TJX companies from $88.00 to $72.00 in a Monday, February 28 research report. Four research analysts gave the stock a hold rating and seventeen gave the company a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $77.85.
Shares of TJX Stock opened at $57.19 on Monday. TJX Companies has a 12-month low of $54.49 and a 12-month high of $77.35. The company has a market cap of $67.17 billion, a price-to-earnings ratio of 21.18, a growth price-to-earnings ratio of 1.70, and a beta of 0.88. The company has a 50-day simple moving average of $61.59 and a 200-day simple moving average of $67.29. The company has a debt ratio of 0.56, a current ratio of 1.27 and a quick ratio of 0.70.
TJX Companies (NYSE: TJX – Get a rating) last released its quarterly results on Wednesday, February 23. The home apparel and fashion retailer reported earnings per share (EPS) of $0.78 for the quarter, missing analyst consensus estimates of $0.90 per ($0.12). The company posted revenue of $13.85 billion for the quarter, versus a consensus estimate of $14.19 billion. TJX Companies had a net margin of 6.76% and a return on equity of 55.47%. The company’s revenue for the quarter increased by 26.6% compared to the same quarter last year. In the same period a year earlier, the company posted earnings per share of $0.50. On average, stock analysts expect TJX companies to post EPS of 3.14 for the current fiscal year.
A number of institutional investors and hedge funds have recently increased or reduced their stake in TJX. Norges Bank acquired a new stake in TJX Companies during the fourth quarter valued at $827,082,000. The Ontario Teachers’ Pension Board acquired a new stake in TJX Companies during the first quarter valued at $408,331,000. Longview Partners Guernsey LTD increased its position in TJX Companies by 55.8% in the third quarter. Longview Partners Guernsey LTD now owns 9,796,864 shares of the clothing and home fashion retailer valued at $646,397,000 after buying an additional 3,510,236 shares in the last quarter. Wellington Management Group LLP increased its stake in TJX Companies by 3.9% during the third quarter. Wellington Management Group LLP now owns 88,309,228 shares of the clothing and home fashion retailer valued at $5,826,643,000 after buying an additional 3,339,510 shares last quarter. Finally, Jennison Associates LLC increased its stake in TJX Companies by 21.4% during the fourth quarter. Jennison Associates LLC now owns 18,437,205 shares of the apparel and home fashion retailer valued at $1,399,753,000 after buying an additional 3,253,468 shares last quarter. 91.45% of the shares are held by hedge funds and other institutional investors.
About TJX Companies (Get a rating)
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, giftware, 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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