TJX Companies’ (TJX) “Outperform” Rating Reiterated at Telsey Advisory Group

TJX Companies (NYSE:TJX)‘s stock had its “outperform” rating reissued by research analysts at Telsey Advisory Group in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $134.00 price target on the apparel and home fashions retailer’s stock. Telsey Advisory Group’s target price suggests a potential upside of 11.75% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Evercore ISI upped their target price on shares of TJX Companies from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Monday, August 19th. TD Cowen raised their price objective on TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Barclays boosted their target price on TJX Companies from $114.00 to $136.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Wells Fargo & Company raised their price target on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. Finally, UBS Group upped their price objective on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $127.12.

TJX Companies Stock Down 0.7 %

TJX stock opened at $119.91 on Wednesday. The company has a market cap of $135.24 billion, a price-to-earnings ratio of 29.27, a P/E/G ratio of 3.03 and a beta of 0.89. TJX Companies has a twelve month low of $87.26 and a twelve month high of $122.10. The business has a 50 day moving average price of $116.21 and a two-hundred day moving average price of $111.21. 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 earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The business had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. During the same period last year, the business earned $0.85 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. Analysts anticipate that TJX Companies will post 4.14 EPS for the current fiscal year.

Insider Activity at TJX Companies

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

Institutional Trading of TJX Companies

Institutional investors have recently modified their holdings of the business. FSA Wealth Management LLC bought a new stake in shares of TJX Companies in the 3rd quarter valued at $45,000. B&L Asset Management LLC bought a new position in shares of TJX Companies in the third quarter valued at $5,757,000. Erste Asset Management GmbH acquired a new stake in shares of TJX Companies in the 3rd quarter worth about $9,742,000. Cobblestone Capital Advisors LLC NY boosted its stake in TJX Companies by 0.5% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 126,407 shares of the apparel and home fashions retailer’s stock valued at $14,858,000 after purchasing an additional 658 shares during the last quarter. Finally, Tradition Wealth Management LLC increased its holdings in TJX Companies by 2.6% during the 3rd quarter. Tradition Wealth Management LLC now owns 3,755 shares of the apparel and home fashions retailer’s stock worth $441,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

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.