TJX Companies (NYSE:TJX) Receives Buy Rating from UBS Group

TJX Companies (NYSE:TJX - Get Free Report)'s stock had its "buy" rating restated by equities research analysts at UBS Group in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports. They presently have a $164.00 price target on the apparel and home fashions retailer's stock, up from their previous price target of $154.00. UBS Group's price target would suggest a potential upside of 28.28% from the stock's current price.

A number of other equities research analysts also recently weighed in on TJX. Robert W. Baird boosted their price target on shares of TJX Companies from $138.00 to $140.00 and gave the stock an "outperform" rating in a research note on Thursday, February 27th. BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Telsey Advisory Group reissued an "outperform" rating and set a $145.00 price target on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of TJX Companies from $127.00 to $130.00 and gave the stock an "overweight" rating in a research note on Monday, May 19th. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to MarketBeat.com, TJX Companies currently has a consensus rating of "Moderate Buy" and an average price target of $140.65.

TJX Companies Price Performance

Shares of NYSE TJX traded up $2.15 during trading on Thursday, reaching $127.85. The company had a trading volume of 3,370,059 shares, compared to its average volume of 5,324,305. TJX Companies has a 52 week low of $101.01 and a 52 week high of $135.85. The stock has a market cap of $142.82 billion, a PE ratio of 30.10, a PEG ratio of 2.75 and a beta of 0.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The business's 50 day moving average price is $126.16 and its 200-day moving average price is $123.68.

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 earnings per share for the quarter, topping analysts' consensus estimates 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 period in the previous year, the firm posted $0.93 earnings per share. The company's revenue was up 5.1% on a year-over-year basis. Analysts expect that TJX Companies will post 4.18 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $2,882,346.84. Following the transaction, the chief executive officer now owns 484,189 shares of the company's stock, valued at $59,569,772.67. The trade was a 4.62% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Bogart Wealth LLC acquired a new position in TJX Companies during the fourth quarter worth $25,000. TCTC Holdings LLC lifted its stake in TJX Companies by 210.1% in the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after acquiring an additional 145 shares during the last quarter. SOA Wealth Advisors LLC. acquired a new stake in TJX Companies in the fourth quarter valued at $30,000. Millstone Evans Group LLC acquired a new stake in TJX Companies in the fourth quarter valued at $30,000. Finally, Promus Capital LLC acquired a new stake in TJX Companies in the fourth quarter valued at $32,000. Institutional investors and hedge funds 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.