The TJX Companies, Inc. (NYSE:TJX) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of The TJX Companies, Inc. (NYSE:TJX – Get Rating) have received an average recommendation of “Moderate Buy” from the eighteen ratings firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $86.07.

Several analysts recently issued reports on the company. Robert W. Baird increased their price objective on TJX Companies from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday, February 23rd. Cowen upped their price target on TJX Companies from $84.00 to $85.00 in a research note on Tuesday, December 6th. Morgan Stanley boosted their target price on TJX Companies from $85.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, February 23rd. Deutsche Bank Aktiengesellschaft increased their price target on TJX Companies from $79.00 to $85.00 and gave the company a “buy” rating in a report on Thursday, November 17th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $95.00 price target on shares of TJX Companies in a research report on Thursday, February 23rd.

Hedge Funds Weigh In On TJX Companies

A number of institutional investors have recently bought and sold shares of TJX. Vanguard Group Inc. lifted its position in shares of TJX Companies by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 90,731,283 shares of the apparel and home fashions retailer’s stock valued at $5,636,227,000 after acquiring an additional 969,555 shares during the period. State Street Corp lifted its position in shares of TJX Companies by 0.5% during the 3rd quarter. State Street Corp now owns 45,499,316 shares of the apparel and home fashions retailer’s stock worth $2,826,418,000 after buying an additional 211,382 shares during the last quarter. FMR LLC boosted its stake in TJX Companies by 22.0% in the second quarter. FMR LLC now owns 32,148,799 shares of the apparel and home fashions retailer’s stock valued at $1,795,510,000 after buying an additional 5,804,572 shares in the last quarter. Morgan Stanley lifted its stake in TJX Companies by 88.1% in the 4th quarter. Morgan Stanley now owns 26,619,778 shares of the apparel and home fashions retailer’s stock valued at $2,118,935,000 after purchasing an additional 12,468,119 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in TJX Companies by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 20,682,355 shares of the apparel and home fashions retailer’s stock worth $1,643,008,000 after acquiring an additional 411,508 shares during the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

TJX Companies Stock Performance

Shares of NYSE TJX opened at $74.60 on Friday. The stock’s fifty day simple moving average is $79.32 and its 200 day simple moving average is $74.20. The stock has a market capitalization of $86.20 billion, a price-to-earnings ratio of 25.03, a PEG ratio of 2.00 and a beta of 0.91. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 0.45. TJX Companies has a 52-week low of $53.69 and a 52-week high of $83.13.

TJX Companies (NYSE:TJX – Get Rating) last released its earnings results on Wednesday, February 22nd. The apparel and home fashions retailer reported $0.89 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.89. TJX Companies had a return on equity of 63.68% and a net margin of 7.00%. The company had revenue of $14.52 billion during the quarter, compared to analyst estimates of $14.07 billion. During the same quarter in the prior year, the company earned $0.78 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, sell-side analysts forecast that TJX Companies will post 3.51 earnings per share for the current fiscal year.

TJX Companies Company Profile

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The TJX Cos., Inc engages in the retail of off-price apparel and home fashion products. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The Marmaxx segment sells family apparel including apparel, home fashions, and other merchandise. The HomeGoods segment offers an assortment of home fashions, including furniture, rugs, lighting, soft home, decorative accessories, tabletop and cookware as well as expanded pet, kids, and gourmet food departments.