StockNews.com Lowers TJX Companies (NYSE:TJX) to Hold

TJX Companies (NYSE:TJX) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Other analysts have also recently issued reports about the stock. Loop Capital increased their target price on shares of TJX Companies from $125.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. UBS Group increased their target price on shares of TJX Companies from $134.00 to $148.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Morgan Stanley increased their target price on shares of TJX Companies from $122.00 to $129.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft set a $114.00 target price on shares of TJX Companies in a research note on Tuesday, May 21st. Finally, Jefferies Financial Group increased their target price on shares of TJX Companies from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Four analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Stock Down 2.0 %

TJX opened at $115.62 on Friday. The company has a 50 day moving average of $113.58 and a 200 day moving average of $104.82. The company has a market cap of $130.67 billion, a PE ratio of 28.69, a price-to-earnings-growth ratio of 2.97 and a beta of 0.89. TJX Companies has a 12 month low of $86.71 and a 12 month high of $121.13. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 0.37.

TJX Companies (NYSE:TJX) last released its quarterly earnings data 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. The company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.31 billion. TJX Companies had a net margin of 8.56% and a return on equity of 63.19%. TJX Companies’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the firm earned $0.85 EPS. On average, sell-side analysts expect that TJX Companies will post 4.15 EPS for the current year.

Hedge Funds Weigh In On TJX Companies

A number of large investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC purchased a new position in TJX Companies in the 2nd quarter worth $14,718,000. Souders Financial Advisors purchased a new position in TJX Companies in the 2nd quarter worth $1,036,000. Clearbridge Investments LLC raised its position in 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. raised its position in TJX Companies by 1,476.7% in the 2nd quarter. Dana Investment Advisors Inc. now owns 149,726 shares of the apparel and home fashions retailer’s stock worth $16,485,000 after purchasing an additional 140,230 shares during the period. Finally, Cetera Investment Advisers raised its position in TJX Companies by 14.3% in the 2nd quarter. Cetera Investment Advisers now owns 274,022 shares of the apparel and home fashions retailer’s stock worth $30,170,000 after purchasing an additional 34,256 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.