Telsey Advisory Group Reaffirms Outperform Rating for TJX Companies (NYSE:TJX)

TJX Companies (NYSE:TJX)‘s stock had its “outperform” rating reissued by stock analysts at Telsey Advisory Group in a report issued on Friday,Benzinga reports. They presently have a $134.00 target price on the apparel and home fashions retailer’s stock. Telsey Advisory Group’s price target points to a potential upside of 6.27% from the company’s previous close.

A number of other equities analysts have also recently issued reports on TJX. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Jefferies Financial Group increased their price target on shares of TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday. TD Cowen boosted their price objective on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Barclays increased their target price on TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Finally, Robert W. Baird upped their price target on TJX Companies from $133.00 to $138.00 and gave the company an “outperform” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $130.89.

TJX Companies Stock Up 0.1 %

NYSE:TJX opened at $126.09 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The firm’s 50-day moving average price is $118.09 and its 200-day moving average price is $114.30. The company has a market capitalization of $142.21 billion, a PE ratio of 29.67, a P/E/G ratio of 3.09 and a beta of 0.90. TJX Companies has a 1-year low of $88.43 and a 1-year high of $128.00.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.05. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 earnings per share. On average, equities analysts predict that TJX Companies will post 4.18 EPS for the current fiscal year.

Insider Activity

In related news, CEO Ernie Herrman sold 15,000 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $117.54, for a total value of $1,763,100.00. Following the sale, the chief executive officer now directly owns 536,148 shares of the company’s stock, valued at $63,018,835.92. This represents a 2.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On TJX Companies

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

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.