TJX Companies (NYSE: TJX – Get a rating) saw its price target raised by equity research analysts to Wells Fargo and company from $65.00 to $70.00 in a note issued to investors on Tuesday, Target Stock Advisor reports. The brokerage currently has an “equal weight” rating on shares of the clothing and home fashion retailer. Wells Fargo and companyThe stock’s price target indicates a potential upside of 1.19% from the current stock price.
A number of other stock analysts have also recently commented on the stock. StockNews.com purported coverage of TJX Companies stock in a Wednesday, Oct. 12 research note. They issued a “hold” rating for the company. Gordon Haskett downgraded TJX Companies from a “buy” rating to a “hold” rating and lowered its price target for the stock from $67.00 to $60.00 in a Thursday, July 28 report. TheStreet upgraded TJX Companies from a “c+” rating to a “b” rating in a Thursday, August 18 report. Goldman Sachs Group assumed coverage of TJX companies’ stocks in a Tuesday, August 2, report. They set a “neutral” rating and a price target of $70.00 on the stock. Finally, William Blair reaffirmed an “outperform” rating on TJX Companies stock in a Wednesday, August 17 report. Six analysts gave the stock a hold rating and twelve gave the company a buy rating. Based on MarketBeat data, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.67.
Stock Performance of TJX Companies
Shares of TJX Stock opened at $69.18 on Tuesday. The stock’s 50-day moving average price is $64.49 and its 200-day moving average price is $62.08. The company has a quick ratio of 0.47, a current ratio of 1.17 and a debt ratio of 0.53. The stock has a market capitalization of $80.32 billion, a PE ratio of 24.71, a growth price-earnings ratio of 2.07 and a beta of 0.86. TJX Companies has a 52-week low of $53.69 and a 52-week high of $77.35.
TJX Companies (NYSE: TJX – Get a rating) last announced its results on Wednesday, August 17. The home apparel and fashion retailer reported earnings per share of $0.69 for the quarter, beating the 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 a consensus estimate of $12.05 billion. During the same period last year, the company posted EPS of $0.79. The company’s revenue fell 1.9% year-over-year. As a group, equity research analysts expect TJX companies to post EPS of 3.11 for the current year.
Insider Trading in TJX Companies
In related news, the President Carole Meyrowitz sold 70,720 shares of the company in a transaction that took place on Thursday, August 18. The shares were sold at an average price of $67.62, for a total transaction of $4,782,086.40. As a result of the transaction, the president now owns 264,967 shares of the company, valued at $17,917,068.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this link. In related news, the 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 $17,917,068.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC website. Also, CEO Ernie Herman sold 50,282 shares of the company in a transaction dated Thursday, September 8. The stock was sold at an average price of $65.90, for a total value of $3,313,583.80. Following the completion 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. Insiders sold a total of 146,375 shares of the company worth $9,821,034 in the past ninety days. 0.19% of the shares are currently held by insiders.
Institutional entries and exits
A number of hedge funds and other institutional investors have recently increased or reduced their stake in TJX. GPS Wealth Strategies Group LLC raised its position in TJX Companies by 119.4% in the second quarter. GPS Wealth Strategies Group LLC now owns 452 shares of the apparel and home fashion retailer valued at $25,000 after purchasing an additional 246 shares during the period. Financial Management Professionals Inc. increased its position in TJX Companies shares by 117.7% in the second quarter. Financial Management Professionals Inc. now owns 468 shares of the homewear and fashion retailer worth $26,000 after acquiring 253 additional shares in the last quarter. Grayhawk Investment Strategies Inc. acquired a new stake in TJX Companies during the second quarter at a value of $26,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of TJX Companies during Q3, valued at approximately $27,000. Finally, Northern Oak Wealth Management Inc. bought a new stock position in TJX Companies during the second quarter valued at around $28,000. Institutional investors and hedge funds own 90.42% of the company’s shares.
About 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.
This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Before you consider TJX companies, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market spreads…and that TJX Companies didn’t make the list.
Although TJX Companies currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.