TJX Companies' (TJX) Outperform Rating Reiterated at Telsey Advisory Group

TJX Companies (NYSE:TJX - Get Free Report)'s stock had its "outperform" rating reiterated by research analysts at Telsey Advisory Group in a research note issued to investors on Wednesday,Benzinga reports. They currently have a $145.00 price target on the apparel and home fashions retailer's stock. Telsey Advisory Group's price target would suggest a potential upside of 9.87% from the company's previous close.

Other equities research analysts have also issued reports about the stock. Morgan Stanley reduced their price objective on shares of TJX Companies from $136.00 to $133.00 and set an "overweight" rating on the stock in a research note on Tuesday, May 6th. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a report on Wednesday. Wells Fargo & Company reiterated an "equal weight" rating on shares of TJX Companies in a report on Wednesday. Robert W. Baird boosted their price objective on TJX Companies from $138.00 to $140.00 and gave the company an "outperform" rating in a research note on Thursday, February 27th. Finally, Citigroup upgraded TJX Companies from a "neutral" rating to a "buy" rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $137.11.

TJX Companies Trading Down 2.2%

Shares of TJX Companies stock opened at $131.97 on Wednesday. The firm's 50 day moving average is $125.14 and its 200 day moving average is $123.27. The firm has a market capitalization of $147.42 billion, a PE ratio of 31.06, a price-to-earnings-growth ratio of 2.75 and a beta of 0.94. TJX Companies has a 1 year low of $97.53 and a 1 year high of $135.85. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The firm's revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the business earned $0.93 EPS. Equities research analysts forecast that TJX Companies will post 4.18 earnings per share for the current fiscal year.

Insider Transactions at TJX Companies

In related news, Director Alan M. Bennett sold 8,000 shares of the firm's 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 484,189 shares in the company, valued at $59,569,772.67. This represents a 4.62% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.13% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Clear Creek Financial Management LLC boosted its holdings in TJX Companies by 1.8% in the 1st quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock worth $586,000 after buying an additional 83 shares during the last quarter. Knuff & Co LLC raised its position in TJX Companies by 8.5% in the first quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer's stock valued at $129,000 after purchasing an additional 83 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its holdings in shares of TJX Companies by 1.7% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,987 shares of the apparel and home fashions retailer's stock worth $603,000 after purchasing an additional 84 shares during the period. Nwam LLC increased its position in shares of TJX Companies by 2.0% during the 4th quarter. Nwam LLC now owns 4,338 shares of the apparel and home fashions retailer's stock worth $524,000 after purchasing an additional 84 shares during the last quarter. Finally, One Charles Private Wealth Services LLC raised its holdings in TJX Companies by 5.0% in the 4th quarter. One Charles Private Wealth Services LLC now owns 1,805 shares of the apparel and home fashions retailer's stock valued at $218,000 after buying an additional 86 shares during the period. 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.

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