Guggenheim Issues Positive Forecast for TJX Companies (NYSE:TJX) Stock Price

TJX Companies (NYSE:TJX) had its price target raised by investment analysts at Guggenheim from $135.00 to $140.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the apparel and home fashions retailer’s stock. Guggenheim’s target price would suggest a potential upside of 11.55% from the company’s current price.

A number of other analysts have also issued reports on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $134.00 target price on shares of TJX Companies in a research note on Wednesday, November 20th. UBS Group boosted their target price on shares of TJX Companies from $134.00 to $148.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Jefferies Financial Group upped their price objective on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Robert W. Baird upped their price objective on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Loop Capital upped their price objective on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus target price of $130.61.

TJX Companies Stock Up 0.6 %

NYSE TJX opened at $125.50 on Thursday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The company has a fifty day moving average of $117.76 and a two-hundred day moving average of $113.91. The firm has a market capitalization of $141.55 billion, a price-to-earnings ratio of 29.53, a PEG ratio of 3.07 and a beta of 0.90. TJX Companies has a 52 week low of $87.44 and a 52 week high of $128.00.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. The company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. TJX Companies’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 earnings per share. On average, analysts predict that TJX Companies will post 4.18 earnings per share for the current year.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the completion of the transaction, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This trade represents a 2.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TJX Companies

Institutional investors have recently bought and sold shares of the business. Richard W. Paul & Associates LLC purchased a new position in TJX Companies during the 2nd quarter worth approximately $25,000. Capital Performance Advisors LLP purchased a new position in TJX Companies during the 3rd quarter worth approximately $29,000. Truvestments Capital LLC purchased a new position in TJX Companies during the 3rd quarter worth approximately $29,000. Copeland Capital Management LLC acquired a new stake in shares of TJX Companies during the 3rd quarter worth approximately $30,000. Finally, Legacy Investment Solutions LLC acquired a new stake in shares of TJX Companies during the 3rd quarter worth approximately $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

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.