Morgan Stanley Reiterates $140.00 Price Target for TJX Companies (NYSE:TJX)

TJX Companies (NYSE:TJX - Get Free Report) received a $140.00 price objective from analysts at Morgan Stanley in a research note issued to investors on Thursday, MarketBeat reports. The firm currently has an "overweight" rating on the apparel and home fashions retailer's stock. Morgan Stanley's price objective indicates a potential upside of 8.13% from the company's previous close.

A number of other brokerages have also recently issued reports on TJX. Robert W. Baird increased their target price on TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a report on Thursday, February 27th. Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a research report on Wednesday. UBS Group increased their price target on TJX Companies from $154.00 to $164.00 and gave the company a "buy" rating in a research report on Thursday. Telsey Advisory Group reissued an "outperform" rating and issued a $145.00 price target on shares of TJX Companies in a research report on Wednesday. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research report on Wednesday. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $139.50.

TJX Companies Stock Performance

Shares of TJX stock opened at $129.47 on Thursday. The business's 50-day moving average price is $125.79 and its 200-day moving average price is $123.44. TJX Companies has a 12 month low of $99.22 and a 12 month high of $135.85. The firm has a market capitalization of $144.63 billion, a price-to-earnings ratio of 30.46, a PEG ratio of 2.75 and a beta of 0.94. 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 - Get Free Report) last announced its earnings results 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 for the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm's revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. Equities research analysts forecast that TJX Companies will post 4.18 EPS for the current year.

Insiders Place Their Bets

In other news, Director Alan M. Bennett sold 8,000 shares of TJX Companies stock in a transaction dated Thursday, February 27th. The stock was 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 accessible through the SEC website. Also, CEO Ernie Herrman sold 23,428 shares of TJX Companies stock in a transaction dated 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 owns 484,189 shares of the company's stock, valued at approximately $59,569,772.67. This trade 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 corporate insiders.

Institutional Trading of TJX Companies

A number of large investors have recently modified their holdings of the business. Geneos Wealth Management Inc. boosted its position in shares of TJX Companies by 42.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 8,201 shares of the apparel and home fashions retailer's stock valued at $999,000 after acquiring an additional 2,424 shares during the last quarter. Belpointe Asset Management LLC boosted its position in shares of TJX Companies by 12.1% during the 1st quarter. Belpointe Asset Management LLC now owns 9,280 shares of the apparel and home fashions retailer's stock valued at $1,130,000 after acquiring an additional 1,000 shares during the last quarter. Intech Investment Management LLC boosted its position in shares of TJX Companies by 43.4% during the 1st quarter. Intech Investment Management LLC now owns 109,980 shares of the apparel and home fashions retailer's stock valued at $13,396,000 after acquiring an additional 33,293 shares during the last quarter. Focus Partners Wealth boosted its position in shares of TJX Companies by 3.7% during the 1st quarter. Focus Partners Wealth now owns 645,707 shares of the apparel and home fashions retailer's stock valued at $78,647,000 after acquiring an additional 23,061 shares during the last quarter. Finally, Flaharty Asset Management LLC bought a new stake in shares of TJX Companies during the 1st quarter valued at about $56,000. 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.