TJX Companies (NYSE:TJX) Stock Rating Upgraded by StockNews.com

TJX Companies (NYSE:TJX) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

Other equities research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft set a $114.00 target price on shares of TJX Companies in a research note on Tuesday, May 21st. Barclays raised their target price on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. UBS Group raised 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 raised their target price on shares of TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Finally, BMO Capital Markets raised their target price 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. Three equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and a consensus price target of $126.76.

TJX Companies Trading Down 0.2 %

Shares of TJX Companies stock opened at $119.60 on Friday. TJX Companies has a 12-month low of $86.71 and a 12-month high of $121.13. The company has a market cap of $135.17 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 2.99 and a beta of 0.89. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $114.48 and its 200-day moving average price is $105.71.

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

Insider Transactions at TJX Companies

In other news, CEO Ernie Herrman sold 15,000 shares of the firm’s 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 transaction, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.13% of the company’s stock.

Institutional Trading of TJX Companies

Hedge funds have recently modified their holdings of the business. Valued Wealth Advisors LLC boosted its holdings 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 valued at $25,000 after buying an additional 177 shares in the last quarter. Richard W. Paul & Associates LLC purchased a new position in shares of TJX Companies in the 2nd quarter worth about $25,000. Frazier Financial Advisors LLC purchased a new position in shares of TJX Companies in the 4th quarter worth about $27,000. OFI Invest Asset Management purchased a new position in shares of TJX Companies in the 1st quarter worth about $30,000. Finally, AlphaMark Advisors LLC raised its position 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 worth $34,000 after purchasing an additional 122 shares during the last quarter. 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.