Guggenheim Increases TJX Companies (NYSE:TJX) Price Target to $140.00

TJX Companies (NYSE:TJX) had its price target boosted by research analysts at Guggenheim from $135.00 to $140.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has a “buy” rating on the apparel and home fashions retailer’s stock. Guggenheim’s target price indicates a potential upside of 11.55% from the company’s previous close.

TJX has been the topic of several other reports. BMO Capital Markets boosted their price objective on shares of TJX Companies from $116.00 to $133.00 and gave the company an “outperform” rating in a report on Thursday, August 22nd. Evercore ISI boosted their price objective on TJX Companies from $138.00 to $142.00 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft boosted their price objective on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Finally, Loop Capital boosted their price objective on TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Thursday, August 22nd. Three 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 $130.61.

TJX Companies Trading Up 0.6 %

Shares of TJX opened at $125.50 on Thursday. TJX Companies has a 52-week low of $87.44 and a 52-week high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm’s fifty day moving average is $117.76 and its two-hundred day moving average is $113.91. The stock has a market cap of $141.55 billion, a PE ratio of 29.53, a price-to-earnings-growth ratio of 3.07 and a beta of 0.90.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping 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 business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. During the same quarter in the previous year, the firm earned $1.03 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. Research analysts forecast that TJX Companies will post 4.18 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 company’s 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 owns 536,148 shares in the company, valued at $63,018,835.92. This represents a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On TJX Companies

Several large investors have recently modified their holdings of the stock. Richard W. Paul & Associates LLC purchased a new position in TJX Companies in the second quarter worth $25,000. Capital Performance Advisors LLP purchased a new position in TJX Companies in the third quarter worth $29,000. Truvestments Capital LLC purchased a new position in TJX Companies in the third quarter worth $29,000. Copeland Capital Management LLC purchased a new position in TJX Companies in the third quarter worth $30,000. Finally, Legacy Investment Solutions LLC purchased a new position in TJX Companies in the third quarter worth $30,000. 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.