TJX Companies (NYSE:TJX – Get Free Report) had its price target raised by analysts at Wells Fargo & Company from $115.00 to $120.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the apparel and home fashions retailer’s stock. Wells Fargo & Company‘s target price would indicate a potential downside of 1.51% from the company’s previous close.
Several other brokerages have also recently issued reports on TJX. Robert W. Baird raised their target price on shares of TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Jefferies Financial Group raised their price target on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Guggenheim boosted their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.17.
Read Our Latest Research Report on TJX Companies
TJX Companies Stock Up 1.4 %
TJX Companies (NYSE:TJX – Get Free Report) last issued its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (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 analyst estimates of $13.95 billion. During the same quarter in the prior year, the firm earned $1.03 earnings per share. TJX Companies’s revenue for the quarter was up 6.0% on a year-over-year basis. Sell-side analysts predict that TJX Companies will post 4.18 EPS for the current fiscal year.
Institutional Trading of TJX Companies
Institutional investors have recently made changes to their positions in the business. Hartford Funds Management Co LLC lifted its position in TJX Companies by 0.5% during the third quarter. Hartford Funds Management Co LLC now owns 17,926 shares of the apparel and home fashions retailer’s stock valued at $2,107,000 after purchasing an additional 86 shares during the last quarter. Stablepoint Partners LLC boosted its holdings in shares of TJX Companies by 0.3% in the third quarter. Stablepoint Partners LLC now owns 26,922 shares of the apparel and home fashions retailer’s stock valued at $3,164,000 after purchasing an additional 89 shares during the period. Concorde Asset Management LLC increased its stake in shares of TJX Companies by 2.8% during the second quarter. Concorde Asset Management LLC now owns 3,330 shares of the apparel and home fashions retailer’s stock valued at $367,000 after buying an additional 90 shares during the period. Signature Estate & Investment Advisors LLC raised its holdings in shares of TJX Companies by 3.4% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 2,706 shares of the apparel and home fashions retailer’s stock valued at $318,000 after purchasing an additional 90 shares in the last quarter. Finally, Hamilton Capital LLC lifted its holdings in TJX Companies by 3.9% during the third quarter. Hamilton Capital LLC now owns 2,413 shares of the apparel and home fashions retailer’s stock worth $273,000 after buying an additional 90 shares during the period. Hedge funds and other institutional investors 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.
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