TJX Companies (NYSE:TJX) Given New $64.00 Price Target at Barclays

TJX Companies (NYSE:TJX) had its price target raised by Barclays from $60.00 to $64.00 in a report released on Friday, BenzingaRatingsTable reports. Barclays currently has an overweight rating on the apparel and home fashions retailer’s stock.

A number of other research firms also recently commented on TJX. Cfra lifted their price objective on shares of TJX Companies from $60.00 to $65.00 and gave the stock a strong-buy rating in a report on Thursday. Deutsche Bank decreased their price target on shares of TJX Companies from $58.00 to $53.00 and set a buy rating for the company in a report on Monday, May 18th. Zacks Investment Research downgraded shares of TJX Companies from a hold rating to a strong sell rating and set a $50.00 price objective for the company. in a research report on Saturday, May 2nd. DA Davidson raised their target price on shares of TJX Companies from $70.00 to $74.00 and gave the stock a buy rating in a report on Thursday, February 27th. Finally, MKM Partners upped their target price on TJX Companies from $70.00 to $74.00 in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $64.04.

Shares of TJX stock traded down $0.89 during trading hours on Friday, hitting $53.41. 13,418,907 shares of the company were exchanged, compared to its average volume of 11,063,555. The stock has a market capitalization of $65.04 billion, a price-to-earnings ratio of 38.99, a P/E/G ratio of 4.03 and a beta of 0.70. TJX Companies has a one year low of $32.72 and a one year high of $64.95. The business’s 50-day simple moving average is $47.52 and its two-hundred day simple moving average is $55.87. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.56 and a current ratio of 2.20.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Thursday, May 21st. The apparel and home fashions retailer reported ($0.74) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.56). The firm had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.92 billion. TJX Companies had a net margin of 4.57% and a return on equity of 31.29%. The company’s quarterly revenue was down 52.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.57 EPS. As a group, analysts anticipate that TJX Companies will post 1.28 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of TJX. Adirondack Trust Co. increased its stake in shares of TJX Companies by 28.4% during the fourth quarter. Adirondack Trust Co. now owns 745 shares of the apparel and home fashions retailer’s stock valued at $44,000 after acquiring an additional 165 shares during the period. Anderson Fisher LLC boosted its stake in TJX Companies by 3.7% during the 4th quarter. Anderson Fisher LLC now owns 5,062 shares of the apparel and home fashions retailer’s stock valued at $309,000 after purchasing an additional 179 shares in the last quarter. Pinnacle Associates Ltd. boosted its stake in TJX Companies by 0.9% during the 4th quarter. Pinnacle Associates Ltd. now owns 20,421 shares of the apparel and home fashions retailer’s stock valued at $1,247,000 after purchasing an additional 189 shares in the last quarter. Loomis Sayles & Co. L P increased its position in shares of TJX Companies by 9.6% during the 4th quarter. Loomis Sayles & Co. L P now owns 2,182 shares of the apparel and home fashions retailer’s stock valued at $133,000 after purchasing an additional 192 shares during the period. Finally, Hilltop Holdings Inc. raised its stake in shares of TJX Companies by 0.9% in the 4th quarter. Hilltop Holdings Inc. now owns 20,854 shares of the apparel and home fashions retailer’s stock worth $1,273,000 after buying an additional 196 shares in the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

About TJX Companies

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

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Analyst Recommendations for TJX Companies (NYSE:TJX)

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