Credit Suisse Group Boosts The TJX Companies (NYSE:TJX) Price Target to $72.00

The TJX Companies (NYSE:TJX) had its target price lifted by Credit Suisse Group from $65.00 to $72.00 in a research note published on Thursday morning, The Fly reports. Credit Suisse Group currently has an outperform rating on the apparel and home fashions retailer’s stock.

A number of other analysts also recently weighed in on TJX. Morgan Stanley boosted their target price on shares of The TJX Companies from $61.00 to $65.00 and gave the stock an overweight rating in a report on Friday, November 13th. Zacks Investment Research raised The TJX Companies from a sell rating to a hold rating and set a $64.00 price objective on the stock in a research note on Thursday, November 12th. JPMorgan Chase & Co. raised their price target on The TJX Companies from $63.00 to $66.00 and gave the stock an overweight rating in a research report on Friday, September 18th. UBS Group increased their price objective on shares of The TJX Companies from $52.00 to $54.00 and gave the stock a neutral rating in a research report on Tuesday, August 11th. Finally, Bank of America restated a buy rating and set a $70.00 target price on shares of The TJX Companies in a research report on Tuesday, November 10th. Three investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $68.04.

Shares of The TJX Companies stock opened at $60.68 on Thursday. The firm has a market cap of $72.76 billion, a PE ratio of 106.46, a PEG ratio of 29.72 and a beta of 0.73. The stock has a 50 day moving average of $56.70 and a 200 day moving average of $53.95. The company has a current ratio of 1.51, a quick ratio of 1.02 and a debt-to-equity ratio of 1.17. The TJX Companies has a 12 month low of $32.72 and a 12 month high of $65.14.

The TJX Companies (NYSE:TJX) last posted its earnings results on Tuesday, November 17th. The apparel and home fashions retailer reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.31. The TJX Companies had a return on equity of 13.62% and a net margin of 2.11%. During the same quarter in the prior year, the company posted $0.68 earnings per share. As a group, equities research analysts forecast that The TJX Companies will post 0.18 earnings per share for the current fiscal year.

In related news, Director Michael F. Hines sold 20,000 shares of the company’s stock in a transaction on Thursday, November 19th. The stock was sold at an average price of $61.79, for a total transaction of $1,235,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kenneth Canestrari sold 22,200 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $55.55, for a total value of $1,233,210.00. Following the sale, the executive vice president now directly owns 122,347 shares in the company, valued at approximately $6,796,375.85. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the business. Joel Isaacson & Co. LLC raised its stake in shares of The TJX Companies by 3.8% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 6,001 shares of the apparel and home fashions retailer’s stock worth $303,000 after acquiring an additional 221 shares in the last quarter. Steel Peak Wealth Management LLC acquired a new position in shares of The TJX Companies during the second quarter worth $219,000. Welch Group LLC lifted its holdings in shares of The TJX Companies by 15.5% during the 2nd quarter. Welch Group LLC now owns 9,922 shares of the apparel and home fashions retailer’s stock valued at $502,000 after purchasing an additional 1,329 shares during the last quarter. Duncker Streett & Co. Inc. boosted its position in shares of The TJX Companies by 21.5% in the 2nd quarter. Duncker Streett & Co. Inc. now owns 71,944 shares of the apparel and home fashions retailer’s stock worth $3,637,000 after purchasing an additional 12,740 shares in the last quarter. Finally, Liberty One Investment Management LLC grew its stake in The TJX Companies by 3.1% during the 2nd quarter. Liberty One Investment Management LLC now owns 21,261 shares of the apparel and home fashions retailer’s stock worth $1,075,000 after buying an additional 645 shares during the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

The TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; fine jewelry and accessories; and other merchandise.

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The Fly

Analyst Recommendations for The TJX Companies (NYSE:TJX)

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