TJX Companies (NYSE:TJX – Get Rating) had its price objective upped by investment analysts at Barclays from $82.00 to $85.00 in a note issued to investors on Wednesday, The Fly reports. Barclays‘s price target points to a potential upside of 35.29% from the stock’s current price.
Several other brokerages have also commented on TJX. Robert W. Baird cut their target price on TJX Companies from $88.00 to $78.00 in a research report on Thursday, February 24th. Gordon Haskett lowered their target price on shares of TJX Companies from $81.00 to $78.00 and set a “buy” rating on the stock in a report on Thursday, February 24th. Cowen dropped their price objective on TJX Companies from $88.00 to $72.00 in a research note on Monday, February 28th. Truist Financial dropped their target price on shares of TJX Companies from $88.00 to $82.00 in a research report on Thursday, February 24th. Finally, Bank of America cut their price target on shares of TJX Companies from $95.00 to $85.00 and set a “buy” rating on the stock in a report on Thursday, February 24th. Four investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $78.29.
TJX opened at $62.83 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 1.27 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $73.84 billion, a price-to-earnings ratio of 23.27, a P/E/G ratio of 1.86 and a beta of 0.95. The company has a 50-day simple moving average of $63.90 and a 200 day simple moving average of $67.87. TJX Companies has a twelve month low of $57.92 and a twelve month high of $77.35.
Several large investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of TJX Companies in the 4th quarter worth $827,082,000. Nordea Investment Management AB increased its stake in shares of TJX Companies by 190.2% in the third quarter. Nordea Investment Management AB now owns 9,047,696 shares of the apparel and home fashions retailer’s stock worth $615,243,000 after acquiring an additional 5,929,545 shares during the period. Longview Partners Guernsey LTD raised its stake in shares of TJX Companies by 55.8% during the 3rd quarter. Longview Partners Guernsey LTD now owns 9,796,864 shares of the apparel and home fashions retailer’s stock valued at $646,397,000 after buying an additional 3,510,236 shares during the last quarter. Wellington Management Group LLP lifted its holdings in TJX Companies by 3.9% in the third quarter. Wellington Management Group LLP now owns 88,309,228 shares of the apparel and home fashions retailer’s stock valued at $5,826,643,000 after acquiring an additional 3,339,510 shares during the period. Finally, Jennison Associates LLC lifted its stake in shares of TJX Companies by 21.4% in the 4th quarter. Jennison Associates LLC now owns 18,437,205 shares of the apparel and home fashions retailer’s stock valued at $1,399,753,000 after purchasing an additional 3,253,468 shares during the period. Institutional investors and hedge funds own 89.02% of the company’s stock.
TJX Companies Company Profile (Get Rating)
The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; and other merchandise.
- Get a free copy of the StockNews.com research report on TJX Companies (TJX)
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