TJX Companies (NYSE:TJX) Price Target Increased to $120.00 by Analysts at Sanford C. Bernstein

TJX Companies (NYSE:TJX - Get Free Report) had its target price increased by analysts at Sanford C. Bernstein from $115.00 to $120.00 in a research note issued on Thursday, Benzinga reports. The firm presently has an "outperform" rating on the apparel and home fashions retailer's stock. Sanford C. Bernstein's price target would suggest a potential upside of 19.81% from the company's current price.

Other analysts also recently issued reports about the company. The Goldman Sachs Group upgraded TJX Companies from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $100.00 to $110.00 in a research report on Thursday, April 25th. Barclays raised their price target on TJX Companies from $109.00 to $114.00 and gave the company an "overweight" rating in a research note on Thursday. Redburn Atlantic lowered TJX Companies from a "buy" rating to a "neutral" rating and set a $100.00 price target on the stock. in a research note on Monday, February 5th. Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a research note on Tuesday. Finally, TD Cowen lifted their target price on TJX Companies from $119.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, May 17th. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $110.05.

TJX Companies Trading Down 0.9 %

Shares of NYSE:TJX traded down $0.96 on Thursday, hitting $100.16. 7,430,375 shares of the company's stock were exchanged, compared to its average volume of 5,239,904. TJX Companies has a 12 month low of $75.65 and a 12 month high of $104.98. The stock has a market capitalization of $113.48 billion, a price-to-earnings ratio of 26.07, a price-to-earnings-growth ratio of 2.64 and a beta of 0.87. The business's 50 day simple moving average is $97.15 and its two-hundred day simple moving average is $94.97. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.06. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The business had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $12.48 billion. During the same period last year, the company earned $0.76 earnings per share. The business's revenue for the quarter was up 5.9% compared to the same quarter last year. Analysts anticipate that TJX Companies will post 4.1 EPS for the current fiscal year.

TJX Companies announced that its board has approved a share buyback program on Wednesday, February 28th that permits the company to buyback $2.50 billion in shares. This buyback authorization permits the apparel and home fashions retailer to buy up to 2.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, CEO Ernie Herrman sold 20,000 shares of TJX Companies stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the completion of the sale, the chief executive officer now owns 515,801 shares of the company's stock, valued at $51,053,982.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other TJX Companies news, EVP Louise Greenlees sold 2,694 shares of the business's stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of the transaction, the executive vice president now directly owns 50,273 shares of the company's stock, valued at $4,968,480.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total value of $1,979,600.00. Following the completion of the transaction, the chief executive officer now directly owns 515,801 shares of the company's stock, valued at $51,053,982.98. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. WealthPlan Investment Management LLC purchased a new stake in shares of TJX Companies in the third quarter valued at approximately $334,000. Larson Financial Group LLC increased its position in shares of TJX Companies by 76.0% in the third quarter. Larson Financial Group LLC now owns 389 shares of the apparel and home fashions retailer's stock valued at $35,000 after buying an additional 168 shares in the last quarter. Syon Capital LLC purchased a new stake in shares of TJX Companies in the third quarter valued at approximately $580,000. NBC Securities Inc. purchased a new stake in shares of TJX Companies in the third quarter valued at approximately $1,169,000. Finally, Achmea Investment Management B.V. increased its position in shares of TJX Companies by 33.8% in the third quarter. Achmea Investment Management B.V. now owns 142,436 shares of the apparel and home fashions retailer's stock valued at $12,659,000 after buying an additional 35,986 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

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.