TJX Companies (NYSE:TJX) Stock Rating Lowered by StockNews.com

TJX Companies (NYSE:TJX) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

Other equities analysts have also issued research reports about the company. Robert W. Baird raised their price objective on TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft set a $114.00 price target on shares of TJX Companies in a research report on Tuesday, May 21st. TD Cowen raised their target price on shares of TJX Companies from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, August 22nd. Sanford C. Bernstein boosted their price target on TJX Companies from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, May 23rd. Finally, Morgan Stanley upped their price target on TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $126.76.

TJX Companies Trading Down 0.1 %

NYSE TJX opened at $117.25 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.60 and a current ratio of 1.21. TJX Companies has a fifty-two week low of $86.71 and a fifty-two week high of $121.13. The stock has a market cap of $132.51 billion, a P/E ratio of 29.09, a price-to-earnings-growth ratio of 3.04 and a beta of 0.88. The stock has a 50 day simple moving average of $112.79 and a two-hundred day simple moving average of $104.02.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, topping the consensus estimate of $0.92 by $0.04. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. The firm had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.31 billion. During the same period last year, the company posted $0.85 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, analysts forecast that TJX Companies will post 4.15 earnings per share for the current year.

Hedge Funds Weigh In On TJX Companies

A number of institutional investors and hedge funds have recently modified their holdings of the company. Souders Financial Advisors bought a new position in TJX Companies in the second quarter valued at about $1,036,000. Clearbridge Investments LLC lifted its stake in shares of TJX Companies by 5.8% in the 2nd quarter. Clearbridge Investments LLC now owns 6,012,310 shares of the apparel and home fashions retailer’s stock worth $661,955,000 after purchasing an additional 330,277 shares during the period. Dana Investment Advisors Inc. boosted its holdings in shares of TJX Companies by 1,476.7% in the second quarter. Dana Investment Advisors Inc. now owns 149,726 shares of the apparel and home fashions retailer’s stock worth $16,485,000 after buying an additional 140,230 shares during the last quarter. Cetera Investment Advisers boosted its holdings in shares of TJX Companies by 14.3% in the second quarter. Cetera Investment Advisers now owns 274,022 shares of the apparel and home fashions retailer’s stock worth $30,170,000 after buying an additional 34,256 shares during the last quarter. Finally, 3Chopt Investment Partners LLC bought a new stake in TJX Companies during the second quarter valued at approximately $558,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

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.