The TJX Companies, Inc. (NYSE:TJX) Receives $102.19 Consensus Price Target from Brokerages

Shares of The TJX Companies, Inc. (NYSE:TJX) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $102.19.

Several brokerages recently weighed in on TJX. BMO Capital Markets raised their price objective on shares of TJX Companies from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, February 29th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $105.00 price objective on shares of TJX Companies in a research report on Wednesday, February 28th. UBS Group raised their price objective on shares of TJX Companies from $95.00 to $104.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Finally, Redburn Atlantic lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 price objective on the stock. in a research report on Monday, February 5th.

Insider Buying and Selling

In related news, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the transaction, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total value of $1,979,600.00. Following the sale, the chief executive officer now owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $98.83, for a total transaction of $266,248.02. Following the completion of the sale, the executive vice president now directly owns 50,273 shares in the company, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TJX Companies

Several institutional investors and hedge funds have recently bought and sold shares of TJX. Aspect Partners LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at $26,000. Frazier Financial Advisors LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at $27,000. ICA Group Wealth Management LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at $27,000. Anchor Investment Management LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at $28,000. Finally, Householder Group Estate & Retirement Specialist LLC acquired a new stake in shares of TJX Companies in the 3rd quarter valued at $29,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

NYSE TJX opened at $101.42 on Tuesday. The company has a 50 day simple moving average of $97.61 and a 200-day simple moving average of $92.94. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64. The firm has a market capitalization of $114.97 billion, a price-to-earnings ratio of 26.27, a price-to-earnings-growth ratio of 2.56 and a beta of 0.86. TJX Companies has a 52-week low of $75.65 and a 52-week high of $102.84.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, February 28th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. The business had revenue of $16.41 billion during the quarter, compared to analyst estimates of $16.20 billion. TJX Companies had a net margin of 8.25% and a return on equity of 64.18%. The firm’s revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.89 earnings per share. Equities research analysts predict that TJX Companies will post 4.06 earnings per share for the current fiscal year.

TJX Companies declared that its Board of Directors has initiated a share buyback program on Wednesday, February 28th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the apparel and home fashions retailer to buy up to 2.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

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.