Daiwa America Upgrades TJX Companies (NYSE:TJX) to "Strong-Buy"

TJX Companies (NYSE:TJX - Get Free Report) was upgraded by Daiwa America to a "strong-buy" rating in a report released on Tuesday,Zacks.com reports.

TJX has been the subject of several other reports. Loop Capital set a $150.00 target price on TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 22nd. TD Securities increased their target price on TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Barclays restated an "overweight" rating and set a $147.00 price objective (up from $137.00) on shares of TJX Companies in a research note on Thursday, May 22nd. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $145.00 price objective on shares of TJX Companies in a report on Wednesday, May 21st. Finally, Robert W. Baird lifted their price objective on shares of TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, TJX Companies has an average rating of "Buy" and an average price target of $141.06.

TJX Companies Trading Down 0.8%

NYSE:TJX traded down $0.97 on Tuesday, reaching $124.48. The stock had a trading volume of 1,366,781 shares, compared to its average volume of 5,182,019. The company has a market cap of $139.05 billion, a price-to-earnings ratio of 29.25, a P/E/G ratio of 2.92 and a beta of 0.88. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.51. The firm's fifty day moving average is $127.00 and its two-hundred day moving average is $124.11. TJX Companies has a 12-month low of $107.71 and a 12-month high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $13.01 billion. During the same period in the prior year, the firm earned $0.93 EPS. The firm's quarterly revenue was up 5.1% on a year-over-year basis. Equities analysts expect that TJX Companies will post 4.18 EPS for the current fiscal year.

Insider Activity at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was 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 represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.13% of the company's stock.

Hedge Funds Weigh In On TJX Companies

Several large investors have recently made changes to their positions in TJX. TCTC Holdings LLC increased its holdings in shares of 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 worth $26,000 after acquiring an additional 145 shares in the last quarter. Millstone Evans Group LLC bought a new stake in shares of TJX Companies in the fourth quarter worth about $30,000. Atlantic Edge Private Wealth Management LLC increased its holdings in shares of TJX Companies by 58.8% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after acquiring an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC increased its holdings in shares of TJX Companies by 99.3% in the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after acquiring an additional 149 shares in the last quarter. Finally, Inlight Wealth Management LLC bought a new stake in shares of TJX Companies in the first quarter worth about $37,000. Institutional investors and hedge funds own 91.09% of the company's stock.

About TJX Companies

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.