Telsey Advisory Group Reiterates “Outperform” Rating for TJX Companies (NYSE:TJX)

TJX Companies (NYSE:TJX)‘s stock had its “outperform” rating reaffirmed by stock analysts at Telsey Advisory Group in a note issued to investors on Wednesday,Benzinga reports. They currently have a $134.00 price target on the apparel and home fashions retailer’s stock. Telsey Advisory Group’s price objective points to a potential upside of 10.57% from the stock’s previous close.

Several other equities analysts have also recently weighed in on TJX. Robert W. Baird increased their price target on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Jefferies Financial Group increased their target price on TJX Companies from $130.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, August 22nd. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, September 15th. Evercore ISI increased their price objective on shares of TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Finally, BMO Capital Markets boosted their target price on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, TJX Companies has an average rating of “Moderate Buy” and a consensus price target of $127.12.

TJX Companies Stock Up 1.1 %

TJX traded up $1.34 during trading on Wednesday, hitting $121.19. 4,509,943 shares of the company’s stock traded hands, compared to its average volume of 5,228,301. TJX Companies has a 12-month low of $87.26 and a 12-month high of $121.92. The company’s 50 day simple moving average is $116.13 and its two-hundred day simple moving average is $111.14. 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 stock has a market capitalization of $136.69 billion, a price-to-earnings ratio of 29.27, a PEG ratio of 3.03 and a beta of 0.89.

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, beating 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 quarter last year, the firm posted $0.85 EPS. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. Analysts predict that TJX Companies will post 4.14 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 15,000 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TJX. Richard W. Paul & Associates LLC purchased a new position in shares of TJX Companies in the 2nd quarter worth $25,000. Capital Performance Advisors LLP bought a new position in shares of TJX Companies in the 3rd quarter valued at about $29,000. Truvestments Capital LLC purchased a new position in TJX Companies during the third quarter worth $29,000. Copeland Capital Management LLC bought a new position in TJX Companies during the third quarter valued at $30,000. Finally, New Millennium Group LLC purchased a new stake in shares of TJX Companies in the second quarter valued at $34,000. 91.09% of the stock is currently owned by institutional investors.

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.