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.
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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