TJX Companies (NYSE:TJX) Price Target Increased to $65.00 by Analysts at Jefferies Financial Group

TJX Companies (NYSE:TJX) had its target price hoisted by Jefferies Financial Group from $60.00 to $65.00 in a research note issued to investors on Friday morning, The Fly reports. They currently have a buy rating on the apparel and home fashions retailer’s stock.

A number of other equities research analysts have also commented on the stock. UBS Group dropped their price objective on shares of TJX Companies from $68.00 to $48.00 and set a neutral rating on the stock in a report on Thursday, April 30th. Guggenheim lifted their price target on TJX Companies from $70.00 to $75.00 and gave the company a buy rating in a research note on Thursday, February 27th. They noted that the move was a valuation call. Nomura upped their price objective on TJX Companies from $56.00 to $59.00 in a research report on Monday, May 11th. ValuEngine upgraded TJX Companies from a sell rating to a hold rating in a report on Thursday, April 2nd. Finally, MKM Partners boosted their target price on TJX Companies from $70.00 to $74.00 in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. TJX Companies currently has an average rating of Buy and a consensus target price of $64.04.

Shares of NYSE TJX traded down $0.89 during mid-day trading on Friday, reaching $53.41. 13,418,907 shares of the company’s stock were exchanged, compared to its average volume of 11,063,555. TJX Companies has a twelve month low of $32.72 and a twelve month high of $64.95. The company has a current ratio of 2.20, a quick ratio of 0.56 and a debt-to-equity ratio of 3.19. The firm has a market capitalization of $65.04 billion, a price-to-earnings ratio of 38.99, a PEG ratio of 4.03 and a beta of 0.70. The business has a fifty day simple moving average of $47.52 and a 200 day simple moving average of $55.87.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. RFG Advisory LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $366,000. SeaCrest Wealth Management LLC raised its stake in TJX Companies by 29.5% in the 4th quarter. SeaCrest Wealth Management LLC now owns 8,651 shares of the apparel and home fashions retailer’s stock valued at $528,000 after acquiring an additional 1,973 shares during the period. Optimum Investment Advisors lifted its holdings in TJX Companies by 500.0% during the 4th quarter. Optimum Investment Advisors now owns 1,800 shares of the apparel and home fashions retailer’s stock valued at $110,000 after purchasing an additional 1,500 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in TJX Companies by 115.2% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,608 shares of the apparel and home fashions retailer’s stock valued at $526,000 after purchasing an additional 4,608 shares during the last quarter. Finally, J.W. Cole Advisors Inc. bought a new position in TJX Companies during the fourth quarter worth $272,000. 88.45% of the stock is currently owned by hedge funds and other institutional investors.

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.

Featured Story: What does a dividend yield signify to investors?

The Fly

Analyst Recommendations for TJX Companies (NYSE:TJX)

Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.