Loop Capital Boosts TJX Companies (NYSE:TJX) Price Target to $125.00

TJX Companies (NYSE:TJX) had its price objective boosted by analysts at Loop Capital from $115.00 to $125.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the apparel and home fashions retailer’s stock. Loop Capital’s price target would suggest a potential upside of 13.23% from the stock’s previous close.

TJX has been the topic of several other reports. BMO Capital Markets upped their price objective on shares of TJX Companies from $110.00 to $116.00 and gave the company an “outperform” rating in a report on Monday, June 3rd. Deutsche Bank Aktiengesellschaft set a $114.00 price target on shares of TJX Companies in a report on Tuesday, May 21st. Robert W. Baird boosted their price objective on TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday, May 23rd. Barclays increased their target price on TJX Companies from $109.00 to $114.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. Finally, Evercore ISI set a $113.00 price target on TJX Companies in a research note on Tuesday, May 21st. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $111.50.

TJX Companies Trading Up 0.2 %

TJX Companies stock opened at $110.39 on Wednesday. The stock has a 50-day simple moving average of $103.42 and a 200 day simple moving average of $98.67. The stock has a market capitalization of $124.76 billion, a P/E ratio of 27.39, a PEG ratio of 2.95 and a beta of 0.88. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23. TJX Companies has a 52 week low of $82.25 and a 52 week high of $111.79.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. The company had revenue of $12.48 billion during the quarter, compared to analysts’ expectations of $12.48 billion. TJX Companies had a return on equity of 64.26% and a net margin of 8.47%. The business’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm posted $0.76 earnings per share. Analysts expect that TJX Companies will post 4.09 earnings per share for the current year.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the completion of the sale, the chief executive officer now owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $102.17, for a total transaction of $2,043,400.00. Following the completion of the transaction, the chief executive officer now owns 571,148 shares of the company’s stock, valued at approximately $58,354,191.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kenneth Canestrari sold 20,332 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $100.00, for a total value of $2,033,200.00. Following the sale, the executive vice president now owns 110,893 shares of the company’s stock, valued at $11,089,300. The disclosure for this sale can be found here. Insiders have sold a total of 50,003 shares of company stock valued at $5,060,941 in the last ninety days. 0.13% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TJX Companies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sei Investments Co. grew its stake in shares of TJX Companies by 8.4% during the third quarter. Sei Investments Co. now owns 568,542 shares of the apparel and home fashions retailer’s stock worth $50,532,000 after buying an additional 44,076 shares during the last quarter. Scotia Capital Inc. boosted its holdings in shares of TJX Companies by 12.0% during the 3rd quarter. Scotia Capital Inc. now owns 230,523 shares of the apparel and home fashions retailer’s stock valued at $20,490,000 after acquiring an additional 24,615 shares in the last quarter. Industrial Alliance Investment Management Inc. bought a new stake in TJX Companies during the 3rd quarter worth $396,000. Crestwood Advisors Group LLC increased its holdings in TJX Companies by 11.5% in the 3rd quarter. Crestwood Advisors Group LLC now owns 757,023 shares of the apparel and home fashions retailer’s stock worth $67,284,000 after purchasing an additional 78,100 shares in the last quarter. Finally, Tenere Capital LLC bought a new position in TJX Companies in the third quarter valued at about $7,097,000. 91.09% of the stock is owned by institutional investors.

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.