UBS Group Boosts TJX Companies (NYSE:TJX) Price Target to $134.00

TJX Companies (NYSE:TJX) had its price objective lifted by equities researchers at UBS Group from $132.00 to $134.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the apparel and home fashions retailer’s stock. UBS Group’s price objective would suggest a potential upside of 34.51% from the company’s current price.

TJX has been the subject of a number of other research reports. Robert W. Baird lifted their target price on TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft set a $114.00 target price on TJX Companies in a report on Tuesday. Telsey Advisory Group boosted their price target on TJX Companies from $112.00 to $115.00 and gave the company an “outperform” rating in a report on Thursday. Evercore ISI set a $113.00 price target on TJX Companies in a report on Tuesday. Finally, The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and boosted their price target 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 issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $108.78.

TJX Companies Stock Down 1.5 %

Shares of TJX stock traded down $1.50 during trading hours on Thursday, reaching $99.62. 1,459,022 shares of the company’s stock were exchanged, compared to its average volume of 5,176,403. TJX Companies has a 1 year low of $75.65 and a 1 year high of $104.98. The stock has a market cap of $112.87 billion, a PE ratio of 25.80, a PEG ratio of 2.64 and a beta of 0.87. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 0.39. The stock’s fifty day moving average price is $97.15 and its two-hundred day moving average price is $94.97.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.06. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The business had revenue of $12.48 billion for the quarter, compared to analyst estimates of $12.48 billion. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The company’s revenue was up 5.9% on a year-over-year basis. Research analysts predict that TJX Companies will post 4.1 EPS for the current year.

TJX Companies announced that its Board of Directors has approved a stock buyback program on Wednesday, February 28th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the apparel and home fashions retailer to repurchase up to 2.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the completion of the sale, the chief executive officer now directly owns 515,801 shares in the company, valued at $51,053,982.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of the sale, the executive vice president now owns 50,273 shares of the company’s stock, valued at $4,968,480.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $98.98, for a total value of $1,979,600.00. Following the completion of the sale, the chief executive officer now directly owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in TJX Companies by 1.3% in the first quarter. Vanguard Group Inc. now owns 97,476,558 shares of the apparel and home fashions retailer’s stock valued at $9,886,073,000 after purchasing an additional 1,269,792 shares during the last quarter. FMR LLC boosted its holdings in TJX Companies by 13.1% in the third quarter. FMR LLC now owns 52,008,484 shares of the apparel and home fashions retailer’s stock valued at $4,622,514,000 after purchasing an additional 6,036,764 shares during the last quarter. Morgan Stanley boosted its holdings in TJX Companies by 1.5% in the third quarter. Morgan Stanley now owns 24,752,978 shares of the apparel and home fashions retailer’s stock valued at $2,200,045,000 after purchasing an additional 371,163 shares during the last quarter. Royal Bank of Canada boosted its holdings in TJX Companies by 7.9% in the fourth quarter. Royal Bank of Canada now owns 14,219,312 shares of the apparel and home fashions retailer’s stock valued at $1,333,913,000 after purchasing an additional 1,046,148 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in TJX Companies by 2.3% in the third quarter. Northern Trust Corp now owns 13,734,141 shares of the apparel and home fashions retailer’s stock valued at $1,220,690,000 after purchasing an additional 313,530 shares during the last quarter. Hedge funds and other 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.