TD Cowen Raises TJX Companies (NYSE:TJX) Price Target to $130.00

TJX Companies (NYSE:TJX) had its price objective hoisted by TD Cowen from $125.00 to $130.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the apparel and home fashions retailer’s stock. TD Cowen’s target price suggests a potential upside of 7.79% from the stock’s current price.

Several other equities research analysts also recently issued reports on the company. Bank of America increased their price target on TJX Companies from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, August 22nd. Telsey Advisory Group reiterated an “outperform” rating and issued a $134.00 price objective on shares of TJX Companies in a research note on Wednesday. Wells Fargo & Company lifted their target price on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 22nd. Morgan Stanley boosted their price objective on TJX Companies from $122.00 to $129.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Finally, Evercore ISI raised their target price on TJX Companies from $115.00 to $126.00 and gave the stock an “outperform” rating in a research note on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $127.41.

TJX Companies Stock Up 0.6 %

NYSE:TJX traded up $0.69 during trading hours on Friday, reaching $120.60. The company had a trading volume of 2,128,335 shares, compared to its average volume of 5,215,932. TJX Companies has a twelve month low of $87.26 and a twelve month high of $122.10. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 0.37. The firm has a market cap of $136.02 billion, a price-to-earnings ratio of 29.09, a P/E/G ratio of 3.06 and a beta of 0.89. The business’s 50-day simple moving average is $116.24 and its two-hundred day simple moving average is $111.27.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The business had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. On average, equities analysts expect that TJX Companies will post 4.14 earnings per share for the current year.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction on 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 owns 536,148 shares in the company, valued at $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.13% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TJX Companies

A number of large investors have recently modified their holdings of the stock. Janus Henderson Group PLC raised its position in shares of TJX Companies by 2.7% in the 1st quarter. Janus Henderson Group PLC now owns 13,226,465 shares of the apparel and home fashions retailer’s stock worth $1,341,392,000 after acquiring an additional 346,938 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in TJX Companies by 35.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 12,317,452 shares of the apparel and home fashions retailer’s stock worth $1,249,237,000 after purchasing an additional 3,255,849 shares during the period. Ameriprise Financial Inc. raised its holdings in TJX Companies by 33.4% in the second quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock worth $1,347,934,000 after purchasing an additional 3,063,318 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in TJX Companies by 7.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 9,182,564 shares of the apparel and home fashions retailer’s stock valued at $1,079,319,000 after buying an additional 643,833 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of TJX Companies by 11.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 6,265,171 shares of the apparel and home fashions retailer’s stock valued at $689,812,000 after buying an additional 662,681 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

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.