TJX Companies (NYSE:TJX) Price Target Raised to $92.00 at Wells Fargo & Company

TJX Companies (NYSE:TJX) had its price objective increased by Wells Fargo & Company from $88.00 to $92.00 in a research report report published on Monday morning, MarketBeat reports. The firm currently has an equal weight rating on the apparel and home fashions retailer’s stock.

Other equities research analysts have also issued research reports about the stock. Bank of America lifted their target price on shares of TJX Companies from $94.00 to $102.00 and gave the company a buy rating in a research note on Thursday, August 17th. Robert W. Baird lifted their price target on TJX Companies from $90.00 to $96.00 and gave the company an outperform rating in a research report on Thursday, August 17th. Citigroup lifted their price target on TJX Companies from $90.00 to $103.00 and gave the company a buy rating in a research report on Thursday, August 17th. UBS Group boosted their price objective on shares of TJX Companies from $88.00 to $90.00 and gave the stock a neutral rating in a research note on Thursday, August 17th. Finally, JPMorgan Chase & Co. raised their target price on shares of TJX Companies from $104.00 to $105.00 and gave the company an overweight rating in a research note on Thursday, August 17th. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $95.42.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $93.59 on Monday. The company has a current ratio of 1.20, a quick ratio of 0.56 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $107.07 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 2.21 and a beta of 0.89. The business’s 50-day moving average price is $87.80 and its 200-day moving average price is $81.60. TJX Companies has a 12 month low of $59.78 and a 12 month high of $93.78.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 16th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, beating the consensus estimate of $0.77 by $0.08. The company had revenue of $12.76 billion for the quarter, compared to analyst estimates of $12.45 billion. TJX Companies had a net margin of 7.77% and a return on equity of 62.61%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.69 EPS. Sell-side analysts forecast that TJX Companies will post 3.71 EPS for the current fiscal year.

Insider Transactions at TJX Companies

In related news, Chairman Carol Meyrowitz sold 64,817 shares of TJX Companies stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $91.13, for a total transaction of $5,906,773.21. Following the transaction, the chairman now owns 135,050 shares in the company, valued at $12,307,106.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Kenneth Canestrari sold 4,197 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $90.00, for a total value of $377,730.00. Following the sale, the executive vice president now owns 115,223 shares in the company, valued at approximately $10,370,070. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Carol Meyrowitz sold 64,817 shares of the business’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $91.13, for a total value of $5,906,773.21. Following the completion of the sale, the chairman now owns 135,050 shares in the company, valued at approximately $12,307,106.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 114,014 shares of company stock valued at $10,291,303. Corporate insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TJX. Moneta Group Investment Advisors LLC grew its holdings in shares of TJX Companies by 90,089.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 19,788,543 shares of the apparel and home fashions retailer’s stock worth $1,575,168,000 after buying an additional 19,766,602 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of TJX Companies by 98,557.0% during the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 16,735,194 shares of the apparel and home fashions retailer’s stock worth $1,418,977,000 after buying an additional 16,718,231 shares during the last quarter. Morgan Stanley grew its position 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 buying an additional 12,468,119 shares during the last quarter. Norges Bank purchased a new position in TJX Companies in the 4th quarter valued at $891,631,000. Finally, Ontario Teachers Pension Plan Board purchased a new position in TJX Companies in the 1st quarter valued at $408,331,000. 89.28% 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, kids, and gourmet food departments; jewelry and accessories; and other merchandise.