Telsey Advisory Group Reiterates “Outperform” Rating for TJX Companies (NYSE:TJX)

TJX Companies (NYSE:TJX)‘s stock had its “outperform” rating reiterated by equities research analysts at Telsey Advisory Group in a research report issued on Wednesday,Benzinga reports. They currently have a $145.00 price objective on the apparel and home fashions retailer’s stock. Telsey Advisory Group’s target price suggests a potential upside of 17.85% from the company’s current price.

TJX has been the topic of several other reports. Evercore ISI boosted their price target on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. TD Cowen boosted their target price on shares of TJX Companies from $130.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, November 22nd. Robert W. Baird raised their price target 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. UBS Group upped their price objective on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th. Two research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, TJX Companies has an average rating of “Moderate Buy” and a consensus target price of $134.18.

TJX Companies Price Performance

Shares of NYSE TJX opened at $123.04 on Wednesday. The company has a market capitalization of $138.31 billion, a PE ratio of 28.95, a P/E/G ratio of 2.76 and a beta of 0.91. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. TJX Companies has a twelve month low of $92.35 and a twelve month high of $128.00. The firm has a fifty day simple moving average of $122.93 and a 200 day simple moving average of $119.40.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share 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 firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.95 billion. During the same period last year, the company posted $1.03 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. On average, sell-side analysts forecast that TJX Companies will post 4.18 EPS for the current year.

Institutional Trading of TJX Companies

Several institutional investors have recently made changes to their positions in TJX. Howard Capital Management Group LLC increased its stake in TJX Companies by 42.9% in the 3rd quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock valued at $27,208,000 after buying an additional 69,489 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in shares of TJX Companies during the third quarter valued at approximately $37,000. Copeland Capital Management LLC purchased a new stake in shares of TJX Companies during the third quarter valued at approximately $30,000. Raleigh Capital Management Inc. lifted its holdings in TJX Companies by 54.0% during the third quarter. Raleigh Capital Management Inc. now owns 1,967 shares of the apparel and home fashions retailer’s stock worth $231,000 after acquiring an additional 690 shares during the period. Finally, Foundations Investment Advisors LLC boosted its position in TJX Companies by 1,283.8% in the third quarter. Foundations Investment Advisors LLC now owns 45,998 shares of the apparel and home fashions retailer’s stock worth $5,407,000 after purchasing an additional 42,674 shares during the last quarter. 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.