TD Cowen Issues Positive Forecast for TJX Companies (NYSE:TJX) Stock Price

TJX Companies (NYSE:TJX) had its target price boosted by TD Cowen from $125.00 to $130.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the apparel and home fashions retailer’s stock. TD Cowen’s price target would suggest a potential upside of 8.36% from the company’s previous close.

A number of other equities research analysts have also commented on TJX. UBS Group raised their price objective on TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Robert W. Baird increased their target price on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Loop Capital raised their price target on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $127.41.

TJX Companies Trading Up 0.1 %

Shares of NYSE TJX opened at $119.97 on Friday. The stock’s 50 day moving average price is $116.33 and its two-hundred day moving average price is $111.56. TJX Companies has a 52-week low of $87.26 and a 52-week high of $122.10. The stock has a market capitalization of $135.31 billion, a P/E ratio of 28.98, a PEG ratio of 3.04 and a beta of 0.89. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. The business had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.85 EPS. On average, analysts anticipate that TJX Companies will post 4.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the transaction, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Institutional Trading of TJX Companies

Several large investors have recently made changes to their positions in TJX. Geode Capital Management LLC boosted its holdings in TJX Companies by 1.5% during the 3rd quarter. Geode Capital Management LLC now owns 23,857,584 shares of the apparel and home fashions retailer’s stock worth $2,795,121,000 after acquiring an additional 363,707 shares during the last quarter. Insight Inv LLC raised its stake in shares of TJX Companies by 0.5% in the third quarter. Insight Inv LLC now owns 20,633 shares of the apparel and home fashions retailer’s stock valued at $2,425,000 after buying an additional 100 shares during the period. Prestige Wealth Management Group LLC lifted its holdings in TJX Companies by 77.7% during the third quarter. Prestige Wealth Management Group LLC now owns 686 shares of the apparel and home fashions retailer’s stock valued at $81,000 after purchasing an additional 300 shares during the last quarter. Brophy Wealth Management LLC purchased a new stake in shares of TJX Companies during the 3rd quarter valued at approximately $896,000. Finally, Conway Capital Management Inc. purchased a new stake in shares of TJX Companies during the third quarter worth $623,000. 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.