StockNews.com Downgrades TJX Companies (NYSE:TJX) to Hold

StockNews.com cut shares of TJX Companies (NYSE:TJX) from a buy rating to a hold rating in a research note published on Saturday morning.

Several other brokerages have also issued reports on TJX. Jefferies Financial Group increased their target price on shares of TJX Companies from $130.00 to $140.00 and gave the stock a buy rating in a research note on Thursday, August 22nd. UBS Group increased their target price on shares of TJX Companies from $134.00 to $148.00 and gave the stock a buy rating in a research note on Thursday, August 22nd. Bank of America increased their target price on shares of TJX Companies from $115.00 to $135.00 and gave the stock a buy rating in a research note on Thursday, August 22nd. BMO Capital Markets increased their target price on shares of TJX Companies from $116.00 to $133.00 and gave the stock an outperform rating in a research note on Thursday, August 22nd. Finally, Robert W. Baird increased their target price on shares of TJX Companies from $113.00 to $128.00 and gave the stock an outperform rating in a research note on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, TJX Companies presently has a consensus rating of Moderate Buy and an average price target of $126.76.

TJX Companies Trading Down 2.0 %

NYSE:TJX opened at $115.62 on Friday. The firm’s fifty day moving average is $113.58 and its 200-day moving average is $104.88. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. TJX Companies has a 52 week low of $86.71 and a 52 week high of $121.13. The firm has a market cap of $130.67 billion, a P/E ratio of 28.69, a P/E/G ratio of 2.97 and a beta of 0.89.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. During the same period in the prior year, the firm posted $0.85 EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Equities analysts expect that TJX Companies will post 4.15 earnings per share for the current year.

Institutional Trading of TJX Companies

Institutional investors and hedge funds have recently made changes to their positions in the company. Running Oak Capital LLC raised its holdings in shares of TJX Companies by 10.9% in the first quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock valued at $11,358,000 after purchasing an additional 11,036 shares during the last quarter. New Mexico Educational Retirement Board raised its holdings in shares of TJX Companies by 15.9% in the first quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock valued at $7,037,000 after purchasing an additional 9,500 shares during the last quarter. Options Solutions LLC purchased a new stake in shares of TJX Companies in the fourth quarter valued at about $726,000. Advisors Capital Management LLC raised its holdings in shares of TJX Companies by 3.7% in the first quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer’s stock valued at $58,045,000 after purchasing an additional 20,629 shares during the last quarter. Finally, McKinley Carter Wealth Services Inc. raised its holdings in shares of TJX Companies by 10.6% in the fourth quarter. McKinley Carter Wealth Services Inc. now owns 82,849 shares of the apparel and home fashions retailer’s stock valued at $7,772,000 after purchasing an additional 7,924 shares during the last quarter. 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.