TJX Companies (NYSE:TJX) Upgraded to “Buy” at StockNews.com

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

Several other equities analysts have also issued reports on TJX. Jefferies Financial Group boosted their price target on TJX Companies from $130.00 to $140.00 and gave the company a buy rating in a research note on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a research note on Tuesday, May 21st. Wells Fargo & Company boosted their price target on TJX Companies from $100.00 to $115.00 and gave the company an equal weight rating in a research note on Thursday, August 22nd. Telsey Advisory Group restated an outperform rating and set a $128.00 price target on shares of TJX Companies in a research note on Wednesday, August 21st. Finally, Morgan Stanley upped their price objective on TJX Companies from $122.00 to $129.00 and gave the company an overweight rating in a research note on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and an average price target of $126.76.

TJX Companies Trading Down 0.5 %

TJX Companies stock opened at $117.25 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. The business’s 50-day simple moving average is $114.68 and its 200-day simple moving average is $105.93. The firm has a market capitalization of $132.24 billion, a PE ratio of 29.09, a PEG ratio of 3.02 and a beta of 0.89. TJX Companies has a 52 week low of $86.71 and a 52 week high of $121.13.

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

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.13% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Valued Wealth Advisors LLC lifted its holdings in TJX Companies by 260.3% during the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $25,000 after buying an additional 177 shares in the last quarter. Richard W. Paul & Associates LLC acquired a new position in TJX Companies during the 2nd quarter worth $25,000. Frazier Financial Advisors LLC acquired a new position in TJX Companies during the 4th quarter worth $27,000. OFI Invest Asset Management acquired a new position in TJX Companies during the 1st quarter worth $30,000. Finally, AlphaMark Advisors LLC lifted its stake in shares of TJX Companies by 58.4% in the 1st quarter. AlphaMark Advisors LLC now owns 331 shares of the apparel and home fashions retailer’s stock valued at $34,000 after purchasing an additional 122 shares during the period. Institutional investors and hedge funds 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.