TJX Companies (NYSE:TJX) Price Target Raised to $173.00

by · The Markets Daily

TJX Companies (NYSE:TJX – Get Free Report) had its price objective hoisted by research analysts at JPMorgan Chase & Co. from $154.00 to $173.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the apparel and home fashions retailer’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 10.12% from the company’s current price.

Several other equities analysts have also commented on the stock. UBS Group reaffirmed a “buy” rating and set a $193.00 target price (up previously from $181.00) on shares of TJX Companies in a report on Thursday, January 8th. TD Cowen restated a “buy” rating on shares of TJX Companies in a report on Thursday, November 20th. Telsey Advisory Group reiterated an “outperform” rating and set a $170.00 target price on shares of TJX Companies in a report on Wednesday, February 18th. The Goldman Sachs Group increased their price objective on TJX Companies from $163.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Finally, Deutsche Bank Aktiengesellschaft set a $184.00 price target on shares of TJX Companies in a research report on Thursday, January 8th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-two have assigned a Buy rating to the stock. According to data from MarketBeat, TJX Companies currently has a consensus rating of “Buy” and an average price target of $164.76.

Get Our Latest Stock Analysis on TJX

TJX Companies Price Performance

TJX traded down $1.12 during trading on Monday, reaching $157.11. The stock had a trading volume of 2,504,830 shares, compared to its average volume of 5,444,393. The business has a 50-day moving average of $154.62 and a 200-day moving average of $146.90. TJX Companies has a one year low of $112.10 and a one year high of $160.46. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.09. The stock has a market cap of $174.46 billion, a PE ratio of 34.71, a PEG ratio of 3.02 and a beta of 0.74.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Norges Bank bought a new position in TJX Companies in the 2nd quarter worth approximately $1,808,774,000. Laurel Wealth Advisors LLC increased its position in TJX Companies by 12,417.0% during the second quarter. Laurel Wealth Advisors LLC now owns 4,057,273 shares of the apparel and home fashions retailer’s stock valued at $501,033,000 after acquiring an additional 4,024,859 shares during the last quarter. Alliancebernstein L.P. boosted its position in shares of TJX Companies by 91.6% during the third quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer’s stock valued at $970,185,000 after buying an additional 3,208,458 shares during the period. Corient Private Wealth LLC grew its position in TJX Companies by 120.7% in the 2nd quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock valued at $620,406,000 after acquiring an additional 2,743,676 shares during the last quarter. Finally, ABN AMRO Bank N.V. purchased a new position in TJX Companies in the 2nd quarter worth about $244,687,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Company Profile

(Get Free Report)

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.

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