Zacks reaffirmed their neutral rating on shares of TJX Companies (NYSE: TJX) in a research note released on Monday morning. They currently have a $47.00 price target on the stock.
Zacks’ analyst wrote, “The TJX Companies’ adjusted earnings of $0.82 per share in the fourth quarter of fiscal 2013 beat the Zacks Consensus Estimate by a penny. Earnings exceeded the year-ago figure by 32% on the back of strong comparable sales in all its stores. Same store sales climbed 7% on the back of higher customer traffic in the U.S., Canada and Europe. Well-chosen stocks at the stores improved customer traffic during the period. Moreover, the company also increased its earnings guidance for fiscal 2013. We are also encouraged by the company’s foray into e-commerce through its acquisition of Sierra Trading. The company consistently performs well in Europe and North America in spite of the ongoing economic challenges which have resulted in shift in consumer spending from high priced branded products to the low priced items offered by the discount stores. However rising input costs and lack of international presence remain persistent overhangs. We are Neutral on the stock.”
TJX Companies opened at 45.17 on Monday. TJX Companies has a 52-week low of $36.72 and a 52-week high of $46.67. The stock’s 50-day moving average is currently $44.90. The company has a market cap of $33.331 billion and a price-to-earnings ratio of 17.72.
TJX has been the subject of a number of other recent research reports. Analysts at Sterne Agee initiated coverage on shares of TJX Companies in a research note to investors on Monday. They set a buy rating and a $50.00 price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of TJX Companies from $46.00 to $47.00 in a research note to investors on Thursday, February 28th. They now have a hold rating on the stock. Finally, analysts at MKM Partners raised their price target on shares of TJX Companies from $50.00 to $54.00 in a research note to investors on Thursday, February 28th. They now have a buy rating on the stock.
Fourteen research analysts have rated the stock with a buy rating, four have given an overweight rating, and twelve have assigned a hold rating to the company’s stock. The stock currently has an average rating of overweight and a consensus price target of $49.50.
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