TJX Companies (NYSE:TJX) has been assigned a $125.00 price objective by analysts at Cowen in a research note issued on Tuesday. The firm presently has a “buy” rating on the apparel and home fashions retailer’s stock. Cowen’s target price would suggest a potential upside of 11.87% from the company’s previous close.
Several other research analysts have also recently weighed in on TJX. DA Davidson initiated coverage on shares of TJX Companies in a report on Tuesday. They set a “buy” rating and a $130.00 price target on the stock. Loop Capital reaffirmed a “hold” rating and issued a $90.00 price objective on shares of TJX Companies in a research report on Wednesday, June 27th. Atlantic Securities lowered shares of TJX Companies from an “overweight” rating to a “neutral” rating and set a $75.00 price objective on the stock. in a research report on Tuesday, June 26th. Credit Suisse Group lifted their price objective on shares of TJX Companies from $90.00 to $100.00 and gave the stock a “neutral” rating in a research report on Friday, June 22nd. Finally, Susquehanna Bancshares reaffirmed a “positive” rating and issued a $92.00 price objective on shares of TJX Companies in a research report on Thursday, June 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nineteen have given a buy rating to the company. TJX Companies currently has an average rating of “Buy” and an average target price of $106.31.
TJX Companies stock opened at $111.74 on Tuesday. TJX Companies has a fifty-two week low of $66.44 and a fifty-two week high of $112.34. The stock has a market cap of $68.11 billion, a P/E ratio of 27.66, a PEG ratio of 2.10 and a beta of 0.73. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.77 and a current ratio of 1.64.
TJX Companies (NYSE:TJX) last released its quarterly earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.12. TJX Companies had a net margin of 7.88% and a return on equity of 58.66%. The business had revenue of $9.33 billion for the quarter, compared to analysts’ expectations of $8.99 billion. During the same period in the previous year, the company earned $0.85 earnings per share. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. research analysts anticipate that TJX Companies will post 4.91 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal London Asset Management Ltd. bought a new stake in shares of TJX Companies in the second quarter valued at approximately $42,489,000. Northern Trust Corp raised its position in shares of TJX Companies by 1.6% in the second quarter. Northern Trust Corp now owns 8,480,758 shares of the apparel and home fashions retailer’s stock valued at $807,199,000 after purchasing an additional 135,091 shares during the period. Harrington Investments INC bought a new stake in shares of TJX Companies in the second quarter valued at approximately $1,827,000. Moody Aldrich Partners LLC bought a new stake in shares of TJX Companies in the second quarter valued at approximately $57,774,000. Finally, Farmers National Bank raised its position in shares of TJX Companies by 85.7% in the second quarter. Farmers National Bank now owns 3,373 shares of the apparel and home fashions retailer’s stock valued at $321,000 after purchasing an additional 1,557 shares during the period. 89.71% of the stock is currently owned by institutional investors.
TJX Companies Company Profile
The TJX Companies, Inc 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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.
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