UBS Group Forecasts Strong Price Appreciation for TJX Companies (NYSE:TJX) Stock

TJX Companies (NYSE:TJX) had its price objective increased by equities researchers at UBS Group from $154.00 to $164.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the apparel and home fashions retailer’s stock. UBS Group’s price target indicates a potential upside of 25.22% from the stock’s previous close.

Other analysts also recently issued reports about the company. Robert W. Baird upped their price objective on TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. JPMorgan Chase & Co. boosted their target price on TJX Companies from $127.00 to $130.00 and gave the stock an “overweight” rating in a research note on Monday. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Monday, May 12th. Morgan Stanley cut their target price on shares of TJX Companies from $136.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 6th. Finally, Citigroup raised shares of TJX Companies from a “neutral” rating to a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $137.83.

TJX Companies Trading Down 2.9%

Shares of TJX Companies stock opened at $130.97 on Thursday. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. TJX Companies has a 12-month low of $99.22 and a 12-month high of $135.85. The company has a market capitalization of $146.31 billion, a price-to-earnings ratio of 30.82, a PEG ratio of 2.75 and a beta of 0.94. The firm’s 50-day moving average price is $125.49 and its two-hundred day moving average price is $123.32.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. The business had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 earnings per share. On average, analysts forecast that TJX Companies will post 4.18 earnings per share for the current fiscal year.

Insider Activity at TJX Companies

In other news, Director Alan M. Bennett sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ernie Herrman sold 23,428 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 484,189 shares of the company’s stock, valued at approximately $59,569,772.67. This represents a 4.62% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is owned by company insiders.

Institutional Investors Weigh In On TJX Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in TJX. Norges Bank purchased a new stake in TJX Companies during the 4th quarter worth approximately $1,670,565,000. Nuveen LLC acquired a new position in shares of TJX Companies in the 1st quarter worth approximately $1,330,717,000. Raymond James Financial Inc. bought a new stake in shares of TJX Companies during the 4th quarter worth $570,342,000. GAMMA Investing LLC increased its position in shares of TJX Companies by 14,486.1% in the first quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer’s stock worth $354,696,000 after acquiring an additional 2,892,151 shares in the last quarter. Finally, Capital Research Global Investors lifted its holdings in shares of TJX Companies by 689.6% in the fourth quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer’s stock valued at $313,512,000 after purchasing an additional 2,266,415 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

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.