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

TJX Companies (NYSE:TJX) had its price objective increased by stock analysts at TD Cowen from $130.00 to $132.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the apparel and home fashions retailer’s stock. TD Cowen’s price objective would suggest a potential upside of 8.67% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group increased their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Loop Capital increased their price target on shares of TJX Companies from $125.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Telsey Advisory Group restated an “outperform” rating and set a $134.00 price objective on shares of TJX Companies in a research report on Wednesday. Wells Fargo & Company upped their target price on TJX Companies from $100.00 to $115.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $129.47.

TJX Companies Price Performance

TJX stock opened at $121.47 on Friday. The firm has a 50 day moving average of $116.52 and a 200-day moving average of $112.41. The company has a market cap of $137.00 billion, a price-to-earnings ratio of 28.58, a PEG ratio of 3.01 and a beta of 0.89. The company has a current ratio of 1.19, a quick ratio of 0.60 and a debt-to-equity ratio of 0.35. TJX Companies has a 12-month low of $87.44 and a 12-month high of $122.10.

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

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction on Tuesday, September 10th. The stock was 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 approximately $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On TJX Companies

Hedge funds and other institutional investors have recently modified their holdings of the company. Wealthquest Corp acquired a new stake in TJX Companies during the 3rd quarter worth approximately $238,000. Unigestion Holding SA purchased a new stake in TJX Companies during the third quarter worth approximately $22,684,000. Soltis Investment Advisors LLC grew its stake in TJX Companies by 28.7% during the third quarter. Soltis Investment Advisors LLC now owns 3,070 shares of the apparel and home fashions retailer’s stock worth $361,000 after buying an additional 685 shares during the period. Toronto Dominion Bank increased its position in shares of TJX Companies by 6.0% in the third quarter. Toronto Dominion Bank now owns 603,502 shares of the apparel and home fashions retailer’s stock worth $70,936,000 after acquiring an additional 34,219 shares in the last quarter. Finally, RB Capital Management LLC raised its stake in shares of TJX Companies by 4.8% in the 3rd quarter. RB Capital Management LLC now owns 8,554 shares of the apparel and home fashions retailer’s stock valued at $1,005,000 after acquiring an additional 395 shares during the period. 91.09% of the stock is 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.