TJX Companies (NYSE:TJX) Price Target Raised to $63.00 at Citigroup

TJX Companies (NYSE:TJX) had its price target lifted by Citigroup from $57.00 to $63.00 in a research note released on Friday morning, The Fly reports. They currently have a buy rating on the apparel and home fashions retailer’s stock.

Several other equities analysts have also recently weighed in on TJX. Telsey Advisory Group boosted their price objective on TJX Companies from $68.00 to $72.00 and gave the stock an outperform rating in a research report on Monday, February 24th. Morgan Stanley cut TJX Companies to a hold rating in a research report on Friday, April 17th. Zacks Investment Research cut 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. MKM Partners upped their price target on TJX Companies from $70.00 to $74.00 in a report on Thursday, February 27th. Finally, DA Davidson upped their price target on TJX Companies from $70.00 to $74.00 and gave the company a buy rating in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company. TJX Companies currently has a consensus rating of Buy and a consensus price target of $64.04.

Shares of NYSE:TJX traded down $0.89 on Friday, reaching $53.41. The company had a trading volume of 13,418,907 shares, 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 quick ratio of 0.56, a current ratio of 2.20 and a debt-to-equity ratio of 3.19. The stock has a market capitalization of $65.04 billion, a P/E ratio of 38.99, a P/E/G ratio of 4.03 and a beta of 0.70. The stock has a 50-day moving average price of $47.52 and a 200 day moving average price of $55.87.

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

Several hedge funds have recently added to or reduced their stakes in the company. Adirondack Trust Co. grew its stake in shares of TJX Companies by 28.4% in the 4th quarter. Adirondack Trust Co. now owns 745 shares of the apparel and home fashions retailer’s stock valued at $44,000 after purchasing an additional 165 shares during the period. Anderson Fisher LLC grew its position 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 worth $309,000 after acquiring an additional 179 shares during the last quarter. Pinnacle Associates Ltd. grew its position 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 worth $1,247,000 after acquiring an additional 189 shares during the last quarter. Loomis Sayles & Co. L P grew its position in 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 worth $133,000 after acquiring an additional 192 shares during the last quarter. Finally, Hilltop Holdings Inc. grew its position in TJX Companies by 0.9% during 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 acquiring an additional 196 shares during the last quarter. Institutional investors 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.

See Also: Hedge Funds Explained

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.