TJX Companies (NYSE:TJX) Receives Outperform Rating from Telsey Advisory Group

Key Points

• TJX Companies received an "outperform" rating from Telsey Advisory Group with a price target of $150.00, indicating a potential upside of 11.88% from its current price.
• The stock saw a modest increase of 0.5% on Wednesday, trading at $134.07, while the company's market cap stands at $149.77 billion.
• Analysts generally regard the stock positively, with twenty buy ratings and a consensus target price of $141.33, reflecting strong market confidence in its performance.

TJX Companies (NYSE:TJX - Get Free Report)'s stock had its "outperform" rating reiterated by Telsey Advisory Group in a research note issued on Wednesday,Benzinga reports. They presently have a $150.00 price target on the apparel and home fashions retailer's stock. Telsey Advisory Group's price target points to a potential upside of 11.88% from the company's current price.

A number of other brokerages also recently commented on TJX. Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the company a "buy" rating in a research report on Thursday, May 22nd. Daiwa America raised shares of TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. lifted their target price on shares of TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Cowen reiterated a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. Finally, BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. One analyst has rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $141.33.

TJX Companies Stock Up 0.5%

Shares of TJX Companies stock traded up $0.68 during trading hours on Wednesday, reaching $134.07. 5,504,108 shares of the company were exchanged, compared to its average volume of 5,302,065. TJX Companies has a 1 year low of $107.71 and a 1 year high of $135.85. The stock's fifty day moving average is $125.60 and its 200 day moving average is $124.93. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The firm has a market cap of $149.77 billion, a PE ratio of 31.55, a PEG ratio of 3.09 and a beta of 0.89.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a net margin of 8.47% and a return on equity of 58.81%. The company had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. TJX Companies's revenue for the quarter was up 5.1% on a year-over-year basis. As a group, equities research analysts forecast that TJX Companies will post 4.18 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director owned 22,712 shares of the company's stock, valued at $2,909,180.08. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Guggenheim Capital LLC lifted its position in shares of TJX Companies by 24.2% in the second quarter. Guggenheim Capital LLC now owns 138,222 shares of the apparel and home fashions retailer's stock worth $17,069,000 after purchasing an additional 26,930 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of TJX Companies by 20.1% in the second quarter. EverSource Wealth Advisors LLC now owns 10,516 shares of the apparel and home fashions retailer's stock worth $1,299,000 after purchasing an additional 1,762 shares in the last quarter. Invesco Ltd. lifted its position in shares of TJX Companies by 0.9% in the second quarter. Invesco Ltd. now owns 9,081,087 shares of the apparel and home fashions retailer's stock worth $1,121,423,000 after purchasing an additional 80,487 shares in the last quarter. CW Advisors LLC lifted its position in shares of TJX Companies by 4.2% in the second quarter. CW Advisors LLC now owns 334,787 shares of the apparel and home fashions retailer's stock worth $41,338,000 after purchasing an additional 13,611 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of TJX Companies in the second quarter worth $122,000. 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.

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