TJX Companies (NYSE:TJX) Given New $151.00 Price Target at UBS Group

TJX Companies (NYSE:TJX) had its price objective lifted by stock analysts at UBS Group from $148.00 to $151.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the apparel and home fashions retailer’s stock. UBS Group’s target price would suggest a potential upside of 25.90% from the stock’s current price.

A number of other equities analysts have also recently issued reports on TJX. Deutsche Bank Aktiengesellschaft increased their target price on TJX Companies from $130.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Robert W. Baird increased their price objective on TJX Companies from $133.00 to $138.00 and gave the stock an “outperform” rating in a report on Thursday, December 5th. Jefferies Financial Group lifted their target price on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Wells Fargo & Company raised their price target on shares of TJX Companies from $115.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Guggenheim lifted their price objective on shares of TJX Companies from $135.00 to $140.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.33.

TJX Companies Trading Down 1.4 %

TJX Companies stock traded down $1.71 during midday trading on Friday, hitting $119.94. 2,388,850 shares of the stock were exchanged, compared to its average volume of 4,196,734. The stock has a market capitalization of $134.83 billion, a PE ratio of 28.22, a P/E/G ratio of 3.07 and a beta of 0.91. The company has a fifty day simple moving average of $121.91 and a two-hundred day simple moving average of $117.05. 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 52 week low of $92.35 and a 52 week 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $13.95 billion. During the same period in the prior year, the business earned $1.03 EPS. TJX Companies’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities research analysts anticipate that TJX Companies will post 4.18 EPS for the current fiscal year.

Hedge Funds Weigh In On TJX Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP acquired a new stake in shares of TJX Companies during the 3rd quarter worth about $29,000. Legacy Investment Solutions LLC acquired a new stake in TJX Companies during the third quarter worth approximately $30,000. Truvestments Capital LLC bought a new stake in shares of TJX Companies during the third quarter worth approximately $29,000. Copeland Capital Management LLC bought a new position in shares of TJX Companies during the third quarter worth approximately $30,000. Finally, Northwest Investment Counselors LLC acquired a new stake in TJX Companies during the 3rd quarter worth approximately $37,000. 91.09% of the stock is owned by institutional investors.

About TJX Companies

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.