Research analysts at Deutsche Bank (NYSE: DB) boosted their target price on shares of TJX Companies (NYSE: TJX) to $47.00 in a report released on Wednesday.
The analysts wrote, “With 1Q EPS of $0.55 and revised FY plan of $2.27-$2.37 basically in-line with expectations, and given that first-time 2Q plan of $0.47-$0.50 is rightly seen as conservative (planned on 2%-4% comp, but current trends already running at 5%+), investor focus today was on company positioning in to 2H12, 2013, and beyond. On this, mgmt. delivered, with comments and themes that should satisfy short-, medium-, and long-term investors alike.”
TJX Companies opened at 42.40 on Wednesday. TJX Companies has a 1-year low of $24.60 and a 1-year high of $42.76. The company has a market cap of $31.660 billion and a price-to-earnings ratio of 21.99.
TJX Companies last released its earnings data on Tuesday, May 15th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.54 by $0.01. The company’s quarterly revenue was up 11.1% on a year-over-year basis. Analysts expect that TJX Companies will post $0.61 EPS next quarter.
Several other analysts have also recently commented on the stock. Analysts at Jefferies & Co upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note to investors on Tuesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of TJX Companies in a research note to investors on Friday, May 4th. They now have a $45.00 price target on the stock. Finally, analysts at FBR Capital (NASDAQ: FBCM) raised their price target on shares of TJX Companies from $47.00 to $50.00 in a research note to investors on Friday, May 4th. They now have an “outperform” rating on the stock.
The TJX Companies, Inc. (TJX) is an off-price apparel and home fashions retailer in the United States and worldwide.
