TJX Companies (NYSE:TJX) Upgraded by StockNews.com to “Buy”

TJX Companies (NYSE:TJX) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report released on Sunday.

Other research analysts have also issued research reports about the stock. Robert W. Baird raised their price objective on shares of TJX Companies from $113.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Deutsche Bank Aktiengesellschaft set a $114.00 price objective on TJX Companies in a research note on Tuesday, May 21st. Sanford C. Bernstein raised their target price on TJX Companies from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. BMO Capital Markets boosted their price target on shares of TJX Companies from $116.00 to $133.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $128.00 price target on shares of TJX Companies in a report on Wednesday, August 21st. Three investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $126.76.

TJX Companies Stock Up 1.3 %

TJX opened at $119.81 on Friday. The stock’s 50 day moving average price is $114.33 and its 200 day moving average price is $105.54. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.21 and a quick ratio of 0.60. The stock has a market cap of $135.13 billion, a P/E ratio of 29.73, a P/E/G ratio of 2.99 and a beta of 0.89. TJX Companies has a 12 month low of $86.71 and a 12 month high of $121.13.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.31 billion. TJX Companies had a return on equity of 63.19% and a net margin of 8.56%. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period last year, the company earned $0.85 earnings per share. As a group, research analysts predict that TJX Companies will post 4.15 earnings per share for the current year.

Insider Activity

In other news, CEO Ernie Herrman sold 15,000 shares of TJX Companies stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total transaction of $1,763,100.00. Following the transaction, the chief executive officer now owns 536,148 shares in the company, valued at $63,018,835.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On TJX Companies

Several institutional investors and hedge funds have recently bought and sold shares of the business. Richard W. Paul & Associates LLC purchased a new position in TJX Companies during the second quarter valued at approximately $25,000. Valued Wealth Advisors LLC grew its holdings in shares of TJX Companies by 260.3% during the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after acquiring an additional 177 shares in the last quarter. Frazier Financial Advisors LLC purchased a new position in shares of TJX Companies during the 4th quarter valued at $27,000. New Millennium Group LLC acquired a new position in shares of TJX Companies in the second quarter worth $34,000. Finally, OFI Invest Asset Management purchased a new stake in shares of TJX Companies during the first quarter worth $30,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

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.