TJX Companies (NYSE:TJX) Given New $138.00 Price Target at Robert W. Baird

TJX Companies (NYSE:TJX) had its price target upped by investment analysts at Robert W. Baird from $133.00 to $138.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the apparel and home fashions retailer’s stock. Robert W. Baird’s price objective suggests a potential upside of 9.96% from the company’s current price.

Several other equities research analysts have also commented on TJX. Bank of America upped their target price on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Evercore ISI increased their price target on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and increased their price target for the stock from $110.00 to $128.00 in a report on Thursday, August 22nd. Loop Capital increased their price target on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, August 22nd. Finally, TD Cowen increased their price target on TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.06.

TJX Companies Stock Up 0.6 %

Shares of TJX Companies stock opened at $125.50 on Thursday. TJX Companies has a one year low of $87.44 and a one year high of $128.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The stock’s 50-day moving average is $117.76 and its 200 day moving average is $113.91. The firm has a market cap 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 (NYSE:TJX) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the prior year, the company earned $1.03 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities research analysts anticipate that TJX Companies will post 4.18 EPS 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 stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the completion of the sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at approximately $63,018,835.92. This trade represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.13% of the stock is currently owned by company insiders.

Institutional Trading of TJX Companies

A number of institutional investors and hedge funds have recently modified their holdings of TJX. Richard W. Paul & Associates LLC purchased a new stake in TJX Companies in the second quarter worth $25,000. Capital Performance Advisors LLP purchased a new stake in TJX Companies in the third quarter worth $29,000. Legacy Investment Solutions LLC purchased a new stake in TJX Companies in the third quarter worth $30,000. Truvestments Capital LLC purchased a new stake in TJX Companies in the third quarter worth $29,000. Finally, Copeland Capital Management LLC purchased a new position in shares of TJX Companies in the third quarter valued at $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.