Barclays Boosts TJX Companies (NYSE:TJX) Price Target to $85.00

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.

TJX Companies (NYSE:TJX – Get Rating) last announced its quarterly earnings results on Wednesday, February 23rd. The apparel and home fashions retailer reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.12). The company had revenue of $13.85 billion for the quarter, compared to analyst estimates of $14.19 billion. TJX Companies had a return on equity of 55.47% and a net margin of 6.76%. The firm’s quarterly revenue was up 26.6% on a year-over-year basis. During the same quarter last year, the company posted $0.50 earnings per share. Sell-side analysts anticipate that TJX Companies will post 3.15 EPS for the current fiscal year.

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.

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