TJX Companies (NYSE:TJX)‘s stock had its “buy” rating reissued by stock analysts at Morgan Stanley in a research note issued to investors on Monday, AnalystRatings.com reports. They presently have a $62.00 target price on the apparel and home fashions retailer’s stock. Morgan Stanley’s target price points to a potential upside of 3.61% from the stock’s current price.
Several other analysts have also commented on the stock. Robert W. Baird lifted their price objective on shares of TJX Companies from $63.00 to $69.00 and gave the stock a “positive” rating in a research report on Thursday. Barclays initiated coverage on shares of TJX Companies in a research report on Tuesday, November 12th. They set an “overweight” rating and a $66.00 target price for the company. Telsey Advisory Group raised their price target on shares of TJX Companies from $62.00 to $68.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 20th. Guggenheim lifted their price target on shares of TJX Companies from $60.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, DA Davidson reaffirmed a “positive” rating and issued a $70.00 price target (up previously from $65.00) on shares of TJX Companies in a report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $65.32.
Shares of TJX Companies stock opened at $59.84 on Monday. The firm has a market cap of $72.00 billion, a PE ratio of 28.36, a P/E/G ratio of 2.14 and a beta of 0.68. TJX Companies has a 1 year low of $41.49 and a 1 year high of $61.69. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.22 and a quick ratio of 0.40. The stock has a fifty day moving average price of $59.46 and a 200-day moving average price of $55.40.
In other TJX Companies news, Chairman Carol Meyrowitz sold 74,262 shares of TJX Companies stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $60.55, for a total transaction of $4,496,564.10. Following the completion of the transaction, the chairman now owns 330,679 shares of the company’s stock, valued at approximately $20,022,613.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ernie Herrman sold 127,296 shares of TJX Companies stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $60.38, for a total value of $7,686,132.48. Following the transaction, the chief executive officer now directly owns 575,966 shares of the company’s stock, valued at approximately $34,776,827.08. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in TJX. Stonehage Fleming Financial Services Holdings Ltd purchased a new stake in TJX Companies in the 2nd quarter worth approximately $1,223,000. Asset Management One Co. Ltd. raised its position in TJX Companies by 8.0% in the 2nd quarter. Asset Management One Co. Ltd. now owns 859,536 shares of the apparel and home fashions retailer’s stock worth $45,452,000 after purchasing an additional 63,421 shares during the period. First National Bank of Mount Dora Trust Investment Services purchased a new position in TJX Companies in the 3rd quarter worth $2,419,000. Canada Pension Plan Investment Board lifted its stake in TJX Companies by 20.5% in the second quarter. Canada Pension Plan Investment Board now owns 311,533 shares of the apparel and home fashions retailer’s stock worth $16,474,000 after purchasing an additional 52,969 shares during the last quarter. Finally, Park National Corp OH lifted its stake in TJX Companies by 5.3% in the third quarter. Park National Corp OH now owns 129,448 shares of the apparel and home fashions retailer’s stock worth $7,216,000 after purchasing an additional 6,488 shares during the last quarter. Hedge funds and other institutional investors own 88.79% of the company’s stock.
TJX Companies Company Profile
The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.
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