Morgan Stanley Issues Positive Forecast for TJX Companies (NYSE:TJX) Stock Price

TJX Companies (NYSE:TJX) had its price target lifted by research analysts at Morgan Stanley from $130.00 to $135.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the apparel and home fashions retailer’s stock. Morgan Stanley’s price target indicates a potential upside of 9.79% from the stock’s current price.

Several other equities research analysts have also weighed in on TJX. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $134.00 target price on shares of TJX Companies in a report on Friday, December 6th. StockNews.com raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. TD Cowen lifted their target price on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Guggenheim boosted their target price on TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Finally, Evercore ISI raised their price target on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a report on Thursday, November 21st. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.67.

TJX Companies Price Performance

TJX traded up $1.11 during midday trading on Tuesday, reaching $122.96. 1,160,520 shares of the company’s stock were exchanged, compared to its average volume of 4,259,886. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The business has a 50-day simple moving average of $122.64 and a two-hundred day simple moving average of $117.64. The firm has a market capitalization of $138.23 billion, a price-to-earnings ratio of 28.94, a price-to-earnings-growth ratio of 2.98 and a beta of 0.91. TJX Companies has a one year low of $92.35 and a one year high of $128.00.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a return on equity of 61.82% and a net margin of 8.63%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter last year, the company earned $1.03 EPS. TJX Companies’s revenue was up 6.0% on a year-over-year basis. As a group, research analysts predict that TJX Companies will post 4.18 EPS for the current year.

Institutional Investors Weigh In On TJX Companies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Trust Direct Indexing L.P. increased its position in shares of TJX Companies by 12.4% in the third quarter. First Trust Direct Indexing L.P. now owns 47,104 shares of the apparel and home fashions retailer’s stock valued at $5,537,000 after acquiring an additional 5,207 shares during the last quarter. Courier Capital LLC increased its position in shares of TJX Companies by 55.1% during the 4th quarter. Courier Capital LLC now owns 34,487 shares of the apparel and home fashions retailer’s stock worth $4,166,000 after purchasing an additional 12,247 shares during the last quarter. Board of the Pension Protection Fund bought a new stake in shares of TJX Companies during the 4th quarter worth approximately $713,000. Unigestion Holding SA acquired a new stake in shares of TJX Companies in the 3rd quarter valued at approximately $22,684,000. Finally, Miracle Mile Advisors LLC boosted its holdings in shares of TJX Companies by 43.0% in the 4th quarter. Miracle Mile Advisors LLC now owns 21,102 shares of the apparel and home fashions retailer’s stock valued at $2,549,000 after buying an additional 6,344 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

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.