TJX Companies (NYSE:TJX) Price Target Raised to $125.00 at Loop Capital

TJX Companies (NYSE:TJX) had its target price hoisted by equities research analysts at Loop Capital from $115.00 to $125.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the apparel and home fashions retailer’s stock. Loop Capital’s price target would suggest a potential upside of 13.23% from the company’s previous close.

A number of other research analysts have also commented on the company. Sanford C. Bernstein upped their price objective on TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, May 23rd. Barclays upped their price objective on TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Telsey Advisory Group increased their target price on TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a research report on Thursday, May 23rd. Evercore ISI set a $113.00 price target on TJX Companies in a research note on Tuesday, May 21st. Finally, TD Cowen raised their target price on TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $111.50.

TJX Companies Trading Up 0.2 %

TJX stock traded up $0.19 during midday trading on Wednesday, reaching $110.39. The stock had a trading volume of 2,276,046 shares, compared to its average volume of 5,535,268. The business has a fifty day simple moving average of $103.12 and a two-hundred day simple moving average of $98.59. The company has a quick ratio of 0.61, a current ratio of 1.23 and a debt-to-equity ratio of 0.38. The firm has a market cap of $124.76 billion, a price-to-earnings ratio of 27.39, a PEG ratio of 2.94 and a beta of 0.88. TJX Companies has a twelve month low of $82.25 and a twelve month high of $111.79.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.06. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The company had revenue of $12.48 billion during the quarter, compared to analyst estimates of $12.48 billion. During the same period in the previous year, the company earned $0.76 EPS. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, research analysts expect that TJX Companies will post 4.09 EPS for the current fiscal year.

Insider Transactions at TJX Companies

In related news, EVP Louise Greenlees sold 8,171 shares of TJX Companies stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total transaction of $831,235.83. Following the transaction, the executive vice president now directly owns 49,570 shares in the company, valued at $5,042,756.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Louise Greenlees sold 8,171 shares of TJX Companies stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total value of $831,235.83. Following the sale, the executive vice president now directly owns 49,570 shares of the company’s stock, valued at $5,042,756.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kenneth Canestrari sold 20,332 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total value of $2,033,200.00. Following the sale, the executive vice president now directly owns 110,893 shares in the company, valued at $11,089,300. The disclosure for this sale can be found here. Insiders have sold a total of 50,003 shares of company stock worth $5,060,941 in the last ninety days. Insiders own 0.13% of the company’s stock.

Institutional Trading of TJX Companies

Large investors have recently modified their holdings of the company. Valued Wealth Advisors LLC increased its position in shares of TJX Companies by 260.3% during the first quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after purchasing an additional 177 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in shares of TJX Companies during the 4th quarter worth about $27,000. Anchor Investment Management LLC purchased a new stake in shares of TJX Companies during the 4th quarter worth about $28,000. First Pacific Financial purchased a new position in TJX Companies in the 1st quarter valued at about $29,000. Finally, BKM Wealth Management LLC purchased a new position in TJX Companies in the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

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.