TJX Companies (NYSE:TJX) Price Target Increased to $125.00 by Analysts at Loop Capital

TJX Companies (NYSE:TJX) had its target price boosted by stock analysts at Loop Capital from $115.00 to $125.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the apparel and home fashions retailer’s stock. Loop Capital’s price target would indicate a potential upside of 13.23% from the company’s previous close.

A number of other equities analysts have also recently issued reports on TJX. Sanford C. Bernstein upped their price objective on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. TD Cowen boosted their price objective on TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 17th. UBS Group upped their price objective on TJX Companies from $132.00 to $134.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Evercore ISI set a $113.00 price objective on TJX Companies in a research note on Tuesday, May 21st. Finally, The Goldman Sachs Group upgraded TJX Companies from a “neutral” rating to a “buy” rating and increased their price objective for the company from $100.00 to $110.00 in a report on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and a consensus target price of $111.50.

TJX Companies Stock Performance

TJX traded up $0.19 during trading hours on Wednesday, reaching $110.39. The company’s stock had a trading volume of 2,276,046 shares, compared to its average volume of 5,535,268. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23. The firm has a market cap of $124.76 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 2.94 and a beta of 0.88. The company’s 50-day moving average is $103.12 and its 200-day moving average is $98.59. TJX Companies has a 52 week low of $82.25 and a 52 week high of $111.79.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. The company had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $0.76 earnings per share. On average, equities analysts forecast that TJX Companies will post 4.09 EPS for the current year.

Insider Activity

In other news, CEO Ernie Herrman sold 20,000 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $102.17, for a total value of $2,043,400.00. Following the transaction, the chief executive officer now owns 571,148 shares of the company’s stock, valued at $58,354,191.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Amy B. Lane sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $102.07, for a total value of $153,105.00. Following the sale, the director now owns 23,470 shares in the company, valued at $2,395,582.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $102.17, for a total value of $2,043,400.00. Following the completion of the sale, the chief executive officer now directly owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,003 shares of company stock valued at $5,060,941. Company insiders own 0.13% of the company’s stock.

Institutional Trading of TJX Companies

A number of hedge funds and other institutional investors have recently bought and sold shares of TJX. Valued Wealth Advisors LLC boosted its stake in shares of 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 acquiring an additional 177 shares in the last quarter. First Pacific Financial purchased a new stake in TJX Companies during the 1st quarter worth $29,000. Frazier Financial Advisors LLC purchased a new stake in TJX Companies during the 4th quarter worth $27,000. Anchor Investment Management LLC purchased a new position in TJX Companies in the 4th quarter valued at about $28,000. Finally, OFI Invest Asset Management bought a new position in shares of TJX Companies during the first quarter worth about $30,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

About TJX Companies

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.