Telsey Advisory Group Reaffirms Outperform Rating for TJX Companies (NYSE:TJX)

TJX Companies (NYSE:TJX)‘s stock had its “outperform” rating reissued by analysts at Telsey Advisory Group in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $145.00 price objective on the apparel and home fashions retailer’s stock. Telsey Advisory Group’s price objective would suggest a potential upside of 17.10% from the stock’s current price.

A number of other research firms have also commented on TJX. TD Cowen upped their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Deutsche Bank Aktiengesellschaft boosted their target price on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Guggenheim increased their price target on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Robert W. Baird raised their price objective on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Finally, Wells Fargo & Company lifted their target price on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $134.18.

TJX Companies Stock Down 0.4 %

Shares of TJX stock opened at $123.82 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The stock has a market cap of $139.20 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 2.78 and a beta of 0.91. The business’s fifty day moving average is $123.07 and its 200-day moving average is $119.34. TJX Companies has a 1 year low of $92.35 and a 1 year high of $128.00.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.03 earnings per share. Equities analysts expect that TJX Companies will post 4.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TJX Companies

Institutional investors have recently added to or reduced their stakes in the stock. Parr Mcknight Wealth Management Group LLC bought a new position in TJX Companies during the 4th quarter valued at about $4,381,000. Pacific Point Advisors LLC acquired a new position in TJX Companies in the fourth quarter valued at approximately $216,000. Hudson Value Partners LLC grew its holdings in TJX Companies by 13.1% during the 4th quarter. Hudson Value Partners LLC now owns 2,432 shares of the apparel and home fashions retailer’s stock worth $294,000 after acquiring an additional 282 shares during the period. Investment Management Corp VA ADV acquired a new stake in shares of TJX Companies during the fourth quarter worth $414,000. Finally, Breed s Hill Capital LLC increased its stake in shares of TJX Companies by 24.7% in the 4th quarter. Breed s Hill Capital LLC now owns 4,189 shares of the apparel and home fashions retailer’s stock valued at $506,000 after acquiring an additional 831 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

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.