TJX Companies (NYSE:TJX) Price Target Raised to $120.00 at Wells Fargo & Company

TJX Companies (NYSE:TJX) had its price objective increased by Wells Fargo & Company from $115.00 to $120.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the apparel and home fashions retailer’s stock.

TJX has been the subject of a number of other reports. Guggenheim boosted their target price on TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Jefferies Financial Group raised their price objective on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. StockNews.com raised TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. TD Cowen lifted their price target on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and an average price target of $131.33.

TJX Companies Price Performance

TJX Companies stock opened at $120.00 on Friday. The stock has a market capitalization of $134.90 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 3.07 and a beta of 0.91. TJX Companies has a 52-week low of $92.35 and a 52-week high of $128.00. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 1.19. The stock’s 50 day moving average price is $122.06 and its two-hundred day moving average price is $117.16.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.05. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.95 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. TJX Companies’s revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 earnings per share. On average, equities analysts predict that TJX Companies will post 4.18 earnings per share for the current year.

Hedge Funds Weigh In On TJX Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Graypoint LLC increased its holdings in TJX Companies by 4.0% during the fourth quarter. Graypoint LLC now owns 8,686 shares of the apparel and home fashions retailer’s stock worth $1,049,000 after buying an additional 334 shares during the last quarter. RMR Wealth Builders grew its position in shares of TJX Companies by 203.0% during the 4th quarter. RMR Wealth Builders now owns 12,347 shares of the apparel and home fashions retailer’s stock valued at $1,492,000 after acquiring an additional 8,272 shares during the period. Atlas Brown Inc. increased its stake in shares of TJX Companies by 0.5% during the 4th quarter. Atlas Brown Inc. now owns 28,215 shares of the apparel and home fashions retailer’s stock worth $3,409,000 after purchasing an additional 133 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of TJX Companies by 43.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 888,668 shares of the apparel and home fashions retailer’s stock worth $104,455,000 after purchasing an additional 269,331 shares during the period. Finally, ORG Partners LLC raised its holdings in shares of TJX Companies by 45.1% in the 4th quarter. ORG Partners LLC now owns 2,442 shares of the apparel and home fashions retailer’s stock worth $295,000 after purchasing an additional 759 shares during the period. 91.09% of the stock is 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.