TJX Companies (NYSE:TJX) Given New $142.00 Price Target at TD Securities

TJX Companies (NYSE:TJX) had its price objective upped by research analysts at TD Securities from $140.00 to $142.00 in a note issued to investors on Tuesday, MarketBeat reports. The brokerage currently has a “buy” rating on the apparel and home fashions retailer’s stock. TD Securities’ price target would suggest a potential upside of 8.42% from the company’s previous close.

TJX has been the subject of a number of other research reports. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Monday, May 12th. Wells Fargo & Company lifted their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 14th. BMO Capital Markets boosted their price objective on shares of TJX Companies from $133.00 to $145.00 and gave the company an “outperform” rating in a report on Thursday, February 27th. Robert W. Baird raised their target price on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $145.00 price target on shares of TJX Companies in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $137.11.

TJX Companies Price Performance

TJX Companies stock opened at $130.97 on Tuesday. The company has a market capitalization of $146.31 billion, a price-to-earnings ratio of 30.82, a PEG ratio of 2.75 and a beta of 0.94. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. TJX Companies has a 12 month low of $99.22 and a 12 month high of $135.85. The stock’s 50 day moving average is $125.49 and its 200-day moving average is $123.32.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same period in the previous year, the company posted $0.93 EPS. The firm’s quarterly revenue was up 5.1% on a year-over-year basis. Equities research analysts expect that TJX Companies will post 4.18 EPS for the current year.

Insider Activity

In other news, Director Alan M. Bennett sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total value of $988,240.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the transaction, the chief executive officer now owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. This represents a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bogart Wealth LLC acquired a new position in shares of TJX Companies in the fourth quarter valued at approximately $25,000. TCTC Holdings LLC boosted its position in TJX Companies by 210.1% during the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock worth $26,000 after buying an additional 145 shares during the period. SOA Wealth Advisors LLC. bought a new stake in TJX Companies during the 4th quarter worth approximately $30,000. Millstone Evans Group LLC bought a new stake in TJX Companies during the 4th quarter worth approximately $30,000. Finally, Promus Capital LLC acquired a new position in TJX Companies in the 4th quarter valued at approximately $32,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

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.