UBS Group Increases TJX Companies (NYSE:TJX) Price Target to $148.00

TJX Companies (NYSE:TJX) had its price objective hoisted by stock analysts at UBS Group from $134.00 to $148.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “buy” rating on the apparel and home fashions retailer’s stock. UBS Group’s price target would suggest a potential upside of 22.80% from the company’s current price.

TJX has been the subject of several other research reports. Barclays lifted their target price on shares of TJX Companies from $114.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $128.00 price objective on shares of TJX Companies in a research note on Wednesday. Deutsche Bank Aktiengesellschaft set a $114.00 target price on TJX Companies in a research note on Tuesday, May 21st. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and raised their target price for the company from $110.00 to $128.00 in a report on Thursday. Finally, Wells Fargo & Company boosted their price target on shares of TJX Companies from $100.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $126.35.

TJX Companies Trading Up 0.2 %

Shares of TJX Companies stock traded up $0.29 during trading hours on Thursday, hitting $120.52. The company’s stock had a trading volume of 2,113,153 shares, compared to its average volume of 5,418,433. The stock has a market cap of $136.21 billion, a price-to-earnings ratio of 29.91, a P/E/G ratio of 2.95 and a beta of 0.88. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.61 and a current ratio of 1.23. TJX Companies has a twelve month low of $86.71 and a twelve month high of $121.06. The firm has a fifty day moving average of $111.64 and a 200-day moving average of $103.16.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 21st. The apparel and home fashions retailer reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.04. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The company had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.31 billion. During the same quarter in the prior year, the company posted $0.85 earnings per share. TJX Companies’s revenue for the quarter was up 5.6% compared to the same quarter last year. Research analysts forecast that TJX Companies will post 4.12 EPS for the current year.

Insider Buying and Selling at TJX Companies

In other news, EVP Louise Greenlees sold 8,171 shares of the company’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $101.73, for a total transaction of $831,235.83. Following the completion of the transaction, the executive vice president now directly owns 49,570 shares of the company’s stock, valued at approximately $5,042,756.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Amy B. Lane sold 1,500 shares of TJX Companies stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $102.07, for a total transaction of $153,105.00. Following the sale, the director now directly owns 23,470 shares in the company, valued at approximately $2,395,582.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Louise Greenlees sold 8,171 shares of the business’s stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $101.73, for a total transaction of $831,235.83. Following the completion of the sale, the executive vice president now directly owns 49,570 shares of the company’s stock, valued at $5,042,756.10. The disclosure for this sale can be found here. Insiders have sold a total of 29,671 shares of company stock worth $3,027,741 over the last ninety days. Corporate insiders own 0.13% of the company’s stock.

Institutional Trading of TJX Companies

Hedge funds and other institutional investors have recently made changes to their positions in the company. Running Oak Capital LLC grew its stake in TJX Companies by 10.9% during the 1st quarter. Running Oak Capital LLC now owns 111,987 shares of the apparel and home fashions retailer’s stock worth $11,358,000 after buying an additional 11,036 shares during the last quarter. New Mexico Educational Retirement Board lifted its stake in TJX Companies by 15.9% in the first quarter. New Mexico Educational Retirement Board now owns 69,380 shares of the apparel and home fashions retailer’s stock valued at $7,037,000 after buying an additional 9,500 shares during the last quarter. Options Solutions LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $726,000. Advisors Capital Management LLC grew its position in shares of TJX Companies by 3.7% during the first quarter. Advisors Capital Management LLC now owns 572,324 shares of the apparel and home fashions retailer’s stock worth $58,045,000 after acquiring an additional 20,629 shares during the last quarter. Finally, Ethos Financial Group LLC acquired a new position in shares of TJX Companies in the 4th quarter valued at $269,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Company Profile

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.