Credit Suisse Group Boosts TJX Companies (NYSE:TJX) Price Target to $75.00

TJX Companies (NYSE:TJXGet Rating) had its price target lifted by Credit Suisse Group from $73.00 to $75.00 in a research note issued to investors on Thursday, Stock Target Advisor reports. The firm presently has an “outperform” rating on the apparel and home fashions retailer’s stock. Credit Suisse Group’s price target points to a potential upside of 22.51% from the stock’s current price.

Several other equities analysts have also recently weighed in on TJX. Citigroup lowered their target price on TJX Companies from $81.00 to $78.00 and set a “buy” rating on the stock in a research note on Thursday, February 24th. Gordon Haskett lowered their target price on TJX Companies from $81.00 to $78.00 and set a “buy” rating on the stock in a research note on Thursday, February 24th. JPMorgan Chase & Co. lowered their target price on TJX Companies from $81.00 to $76.00 in a research note on Monday. Cowen lowered their target price on TJX Companies from $88.00 to $72.00 in a research note on Monday, February 28th. Finally, Sanford C. Bernstein assumed coverage on TJX Companies in a research note on Monday, March 14th. They set a “market perform” rating and a $68.00 target price on the stock. Three research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $77.60.

Shares of NYSE:TJX traded up $1.03 on Thursday, reaching $61.22. 230,194 shares of the company traded hands, compared to its average volume of 7,043,315. TJX Companies has a fifty-two week low of $53.69 and a fifty-two week high of $77.35. The company’s 50 day moving average is $61.37 and its 200-day moving average is $67.10. The stock has a market capitalization of $71.90 billion, a PE ratio of 22.67, a P/E/G ratio of 1.71 and a beta of 0.88. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.27 and a quick ratio of 0.70.

TJX Companies (NYSE:TJXGet Rating) last announced its quarterly earnings data on Wednesday, May 18th. The apparel and home fashions retailer reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.08. TJX Companies had a return on equity of 55.47% and a net margin of 6.76%. The firm had revenue of $11.41 billion during the quarter, compared to the consensus estimate of $11.58 billion. During the same period in the prior year, the business earned $0.44 EPS. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. As a group, analysts expect that TJX Companies will post 3.13 EPS for the current year.

Hedge funds have recently modified their holdings of the company. Bell Investment Advisors Inc acquired a new position in shares of TJX Companies during the third quarter worth approximately $25,000. Winch Advisory Services LLC lifted its holdings in shares of TJX Companies by 413.3% during the fourth quarter. Winch Advisory Services LLC now owns 385 shares of the apparel and home fashions retailer’s stock worth $29,000 after buying an additional 310 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new position in shares of TJX Companies during the fourth quarter worth approximately $30,000. Sandy Cove Advisors LLC bought a new stake in shares of TJX Companies during the fourth quarter valued at approximately $30,000. Finally, Intelligent Financial Strategies bought a new stake in shares of TJX Companies during the fourth quarter valued at approximately $30,000. Institutional investors own 91.45% 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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