Analysts at Telsey Advisory Group upped their price target on shares of TJX Cos. (NYSE:TJX) to $68.00 in a research report issued to clients and investors on Wednesday, AR Network reports. Telsey Advisory Group’s price target suggests a potential upside of 7.73% from the stock’s previous close.
Shares of TJX Cos. (NYSE:TJX) opened at 63.12 on Wednesday. TJX Cos. has a 52 week low of $40.98 and a 52 week high of $63.93. The stock has a 50-day moving average of $59.02 and a 200-day moving average of $53.91. The company has a market cap of $45.146 billion and a P/E ratio of 23.17.
TJX Cos. (NYSE:TJX) last issued its quarterly earnings data on Tuesday, November 19th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.01. The company had revenue of $6.98 billion for the quarter, compared to the consensus estimate of $6.91 billion. During the same quarter in the previous year, the company posted $0.62 earnings per share. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. On average, analysts predict that TJX Cos. will post $2.86 earnings per share for the current fiscal year.
A number of other firms have also recently commented on TJX. Analysts at FBR Capital Markets raised their price target on shares of TJX Cos. from $65.00 to $69.00 in a research note to investors on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at UBS AG raised their price target on shares of TJX Cos. from $60.00 to $66.00 in a research note to investors on Thursday, October 24th. They now have a “buy” rating on the stock. Finally, analysts at Lazard Capital Markets raised their price target on shares of TJX Cos. from $62.00 to $66.00 in a research note to investors on Wednesday, October 23rd. They now have a “buy” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. TJX Cos. presently has a consensus rating of “Buy” and an average target price of $59.22.
The TJX Companies, Inc (NYSE:TJX) is the off-price apparel and home fashions retailer in the United States and worldwide.
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