TJX Companies (NYSE:TJX) Price Target Raised to $145.00

TJX Companies (NYSE:TJX - Get Free Report) had its price target raised by equities researchers at JPMorgan Chase & Co. from $130.00 to $145.00 in a report released on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the apparel and home fashions retailer's stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 13.05% from the company's previous close.

A number of other analysts have also commented on TJX. Citigroup upgraded shares of TJX Companies from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 21st. Cowen restated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. TD Securities upped their target price on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Morgan Stanley set a $140.00 target price on shares of TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company reiterated an "equal weight" rating on shares of TJX Companies in a research note on Wednesday, May 21st. One analyst has rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $141.53.

TJX Companies Trading Down 0.1%

TJX Companies stock traded down $0.17 during mid-day trading on Monday, hitting $128.26. 5,131,952 shares of the stock were exchanged, compared to its average volume of 5,250,368. 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 $104.25 and a 12 month high of $135.85. The firm's fifty day simple moving average is $127.05 and its two-hundred day simple moving average is $123.94. The stock has a market capitalization of $143.28 billion, a price-to-earnings ratio of 30.18, a PEG ratio of 2.75 and a beta of 0.94.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, topping the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter last year, the firm posted $0.93 EPS. The company's quarterly revenue was up 5.1% on a year-over-year basis. Analysts forecast that TJX Companies will post 4.18 EPS for the current year.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction on Wednesday, March 5th. The stock was 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 in the company, valued at $59,569,772.67. This trade represents a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.13% of the company's stock.

Institutional Trading of TJX Companies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank bought a new stake in TJX Companies during the fourth quarter valued at about $1,670,565,000. Nuveen LLC purchased a new position in TJX Companies during the first quarter valued at approximately $1,330,717,000. Raymond James Financial Inc. purchased a new position in TJX Companies during the fourth quarter valued at approximately $570,342,000. GAMMA Investing LLC raised its position in TJX Companies by 14,486.1% during the first quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock valued at $354,696,000 after acquiring an additional 2,892,151 shares in the last quarter. Finally, Capital Research Global Investors increased its position 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 buying 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.