TJX Companies (NYSE:TJX) Price Target Lowered to $133.00 at Morgan Stanley

TJX Companies (NYSE:TJX) had its target price decreased by investment analysts at Morgan Stanley from $136.00 to $133.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the apparel and home fashions retailer’s stock. Morgan Stanley’s target price would suggest a potential upside of 3.56% from the stock’s current price.

Other research analysts also recently issued research reports about the stock. UBS Group lifted their target price on shares of TJX Companies from $148.00 to $151.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Citigroup raised TJX Companies from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $128.00 to $140.00 in a research report on Thursday, April 3rd. StockNews.com lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Thursday, May 1st. Telsey Advisory Group reissued an “outperform” rating and set a $145.00 price objective on shares of TJX Companies in a report on Thursday, February 27th. Finally, Robert W. Baird upped their target price on TJX Companies from $138.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $136.94.

TJX Companies Stock Down 0.4 %

TJX Companies stock traded down $0.51 during mid-day trading on Tuesday, hitting $128.43. 894,646 shares of the company’s stock were exchanged, compared to its average volume of 5,334,246. The stock has a market cap of $143.47 billion, a P/E ratio of 30.22, a P/E/G ratio of 2.75 and a beta of 0.94. The stock has a 50 day moving average of $122.62 and a two-hundred day moving average of $122.01. TJX Companies has a 1-year low of $95.38 and a 1-year high of $131.30. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.07. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm had revenue of $16.35 billion during the quarter, compared to analyst estimates of $16.24 billion. As a group, analysts anticipate that TJX Companies will post 4.18 EPS for the current fiscal year.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total value of $2,882,346.84. Following the sale, the chief executive officer now directly owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan M. Bennett sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $123.53, for a total value of $988,240.00. The disclosure for this sale can be found here. Insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On TJX Companies

Several hedge funds have recently bought and sold shares of TJX. Proficio Capital Partners LLC lifted its holdings in TJX Companies by 8.2% during the 1st quarter. Proficio Capital Partners LLC now owns 4,842 shares of the apparel and home fashions retailer’s stock valued at $590,000 after purchasing an additional 369 shares during the last quarter. KLP Kapitalforvaltning AS raised its position in shares of TJX Companies by 0.7% in the first quarter. KLP Kapitalforvaltning AS now owns 494,500 shares of the apparel and home fashions retailer’s stock valued at $60,230,000 after purchasing an additional 3,200 shares during the period. Summit Asset Management LLC lifted its stake in shares of TJX Companies by 5.1% during the 1st quarter. Summit Asset Management LLC now owns 14,968 shares of the apparel and home fashions retailer’s stock worth $1,823,000 after buying an additional 726 shares during the last quarter. United Bank boosted its holdings in shares of TJX Companies by 6.2% during the 1st quarter. United Bank now owns 15,143 shares of the apparel and home fashions retailer’s stock worth $1,844,000 after buying an additional 883 shares during the period. Finally, Nelson Capital Management LLC grew its stake in TJX Companies by 1.3% in the 1st quarter. Nelson Capital Management LLC now owns 45,351 shares of the apparel and home fashions retailer’s stock valued at $5,524,000 after buying an additional 583 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

About TJX Companies

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.