TJX Companies (NYSE:TJX) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of TJX Companies (NYSE:TJX) from a buy rating to a hold rating in a research report released on Saturday.

A number of other equities research analysts have also recently issued reports on TJX. Telsey Advisory Group reiterated an outperform rating and issued a $128.00 target price on shares of TJX Companies in a research note on Wednesday, August 21st. Loop Capital lifted their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the company a buy rating in a research note on Thursday, August 22nd. TD Cowen lifted their price objective on shares of TJX Companies from $120.00 to $125.00 and gave the company a buy rating in a research note on Thursday, August 22nd. BMO Capital Markets lifted their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the company an outperform rating in a research note on Thursday, August 22nd. Finally, Bank of America lifted their price objective on shares of TJX Companies from $115.00 to $135.00 and gave the company a buy rating in a research note on Thursday, August 22nd. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average target price of $126.76.

TJX Companies Stock Performance

TJX Companies stock opened at $117.03 on Friday. The company has a market cap of $131.99 billion, a PE ratio of 29.04, a P/E/G ratio of 2.92 and a beta of 0.89. The company has a fifty day moving average price of $113.71 and a two-hundred day moving average price of $105.05. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. TJX Companies has a 12 month low of $86.71 and a 12 month high of $121.13.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the business posted $0.85 earnings per share. Research analysts expect that TJX Companies will post 4.15 earnings per share for the current year.

Hedge Funds Weigh In On TJX Companies

A number of institutional investors have recently bought and sold shares of TJX. Fisher Asset Management LLC increased its stake in TJX Companies by 21.8% in the 4th quarter. Fisher Asset Management LLC now owns 5,569 shares of the apparel and home fashions retailer’s stock worth $522,000 after purchasing an additional 996 shares in the last quarter. Aveo Capital Partners LLC grew its stake in TJX Companies by 6.0% during the 4th quarter. Aveo Capital Partners LLC now owns 3,568 shares of the apparel and home fashions retailer’s stock valued at $335,000 after acquiring an additional 203 shares in the last quarter. 9258 Wealth Management LLC grew its stake in TJX Companies by 36.6% during the 4th quarter. 9258 Wealth Management LLC now owns 13,515 shares of the apparel and home fashions retailer’s stock valued at $1,268,000 after acquiring an additional 3,624 shares in the last quarter. Gryphon Financial Partners LLC grew its stake in TJX Companies by 35.9% during the 4th quarter. Gryphon Financial Partners LLC now owns 2,908 shares of the apparel and home fashions retailer’s stock valued at $249,000 after acquiring an additional 768 shares in the last quarter. Finally, Principal Securities Inc. purchased a new position in TJX Companies during the 4th quarter valued at about $1,226,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

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.