TJX Companies (NYSE:TJX) Price Target Raised to $151.00 at UBS Group

by · The Cerbat Gem

TJX Companies (NYSE:TJX – Get Free Report) had its price target raised by analysts at UBS Group from $148.00 to $151.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the apparel and home fashions retailer’s stock. UBS Group’s price objective would suggest a potential upside of 25.90% from the stock’s previous close.

A number of other analysts also recently weighed in on TJX. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, November 30th. TD Cowen increased their target price on shares of TJX Companies from $130.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, November 22nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $134.00 price target on shares of TJX Companies in a report on Friday, December 6th. Wells Fargo & Company increased their price objective on shares of TJX Companies from $115.00 to $120.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, Jefferies Financial Group boosted their target price on shares of TJX Companies from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.33.

Read Our Latest Stock Report on TJX Companies

TJX Companies Price Performance

TJX Companies stock traded down $1.71 during mid-day trading on Friday, reaching $119.94. 2,388,850 shares of the company were exchanged, compared to its average volume of 4,196,734. The firm has a market cap of $134.83 billion, a PE ratio of 28.22, a PEG ratio of 3.07 and a beta of 0.91. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50. The company has a fifty day simple moving average of $121.91 and a 200-day simple moving average of $117.05. TJX Companies has a 12 month low of $92.35 and a 12 month high of $128.00.

TJX Companies (NYSE:TJX – Get Free Report) last issued its quarterly earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter last year, the business earned $1.03 earnings per share. TJX Companies’s revenue was up 6.0% on a year-over-year basis. As a group, equities research analysts expect that TJX Companies will post 4.18 earnings per share for the current fiscal year.

Institutional Trading of TJX Companies

A number of institutional investors have recently bought and sold shares of TJX. Ameriprise Financial Inc. boosted its holdings in shares of TJX Companies by 33.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 12,241,176 shares of the apparel and home fashions retailer’s stock worth $1,347,934,000 after buying an additional 3,063,318 shares in the last quarter. Capital Wealth Planning LLC bought a new position in shares of TJX Companies in the second quarter valued at $315,698,000. International Assets Investment Management LLC boosted its stake in TJX Companies by 13,309.4% during the 3rd quarter. International Assets Investment Management LLC now owns 1,191,155 shares of the apparel and home fashions retailer’s stock valued at $140,008,000 after purchasing an additional 1,182,272 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of TJX Companies by 161.3% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,786,652 shares of the apparel and home fashions retailer’s stock valued at $210,003,000 after buying an additional 1,102,912 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in TJX Companies by 281.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,235,037 shares of the apparel and home fashions retailer’s stock valued at $145,166,000 after buying an additional 911,351 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

About TJX Companies

(Get Free Report)

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.

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