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.
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.
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