TJX Companies (NYSE:TJX) Earns Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of TJX Companies (NYSE:TJX – Get Rating) in a research note issued to investors on Thursday. The firm issued a buy rating on the apparel and home fashions retailer’s stock.

Other equities research analysts have also issued research reports about the company. Citigroup boosted their price target on TJX Companies from $86.00 to $90.00 and gave the stock a buy rating in a research note on Thursday, November 17th. The Goldman Sachs Group boosted their price target on TJX Companies from $71.00 to $80.00 and gave the stock a neutral rating in a research note on Thursday, November 17th. Telsey Advisory Group reiterated an outperform rating and issued a $95.00 target price on shares of TJX Companies in a research report on Thursday, February 23rd. Morgan Stanley upped their target price on TJX Companies from $85.00 to $90.00 and gave the company an overweight rating in a research report on Thursday, February 23rd. Finally, Wells Fargo & Company upped their target price on TJX Companies from $74.00 to $78.00 and gave the company an equal weight rating in a research report on Thursday, December 1st. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies currently has an average rating of Moderate Buy and an average price target of $86.07.

TJX Companies Price Performance

Shares of TJX stock opened at $74.48 on Thursday. TJX Companies has a fifty-two week low of $53.69 and a fifty-two week high of $83.13. The firm has a market capitalization of $86.06 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 2.01 and a beta of 0.91. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.64 and a current ratio of 1.21. The stock’s 50-day simple moving average is $79.15 and its 200-day simple moving average is $74.36.

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

Institutional Investors Weigh In On TJX Companies

Several hedge funds have recently bought and sold shares of TJX. Vanguard Group Inc. raised its stake 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 worth $5,636,227,000 after buying an additional 969,555 shares during the period. State Street Corp raised its stake 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 period. FMR LLC raised its stake in shares of TJX Companies by 22.0% during the 2nd quarter. FMR LLC now owns 32,148,799 shares of the apparel and home fashions retailer’s stock worth $1,795,510,000 after buying an additional 5,804,572 shares during the period. Morgan Stanley raised its stake in shares of TJX Companies by 88.1% during the 4th quarter. Morgan Stanley now owns 26,619,778 shares of the apparel and home fashions retailer’s stock worth $2,118,935,000 after buying an additional 12,468,119 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of 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 buying an additional 411,508 shares during the period. Hedge funds and other institutional investors own 91.30% of the company’s stock.

About TJX Companies

(Get Rating)

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.