Brokerages Set The TJX Companies, Inc. (NYSE:TJX) PT at $135.06

The TJX Companies, Inc. (NYSE:TJX) has received an average rating of “Moderate Buy” from the seventeen brokerages that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and fifteen have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $135.06.

TJX has been the topic of several analyst reports. Morgan Stanley boosted their price target on shares of TJX Companies from $130.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. UBS Group boosted their price target on shares of TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $145.00 target price on shares of TJX Companies in a report on Thursday, February 27th. Finally, BMO Capital Markets upped their target price on shares of TJX Companies from $133.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, February 27th.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the transaction, the chief executive officer now owns 484,189 shares in the company, valued at approximately $59,569,772.67. The trade was a 4.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.13% of the company’s stock.

Institutional Trading of TJX Companies

A number of hedge funds have recently modified their holdings of TJX. Howard Capital Management Group LLC increased its stake in TJX Companies by 42.9% during the 3rd quarter. Howard Capital Management Group LLC now owns 231,481 shares of the apparel and home fashions retailer’s stock worth $27,208,000 after purchasing an additional 69,489 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in TJX Companies during the 3rd quarter worth approximately $29,000. Leavell Investment Management Inc. bought a new stake in TJX Companies during the 3rd quarter worth approximately $403,000. CWA Asset Management Group LLC bought a new stake in TJX Companies during the 3rd quarter worth approximately $413,000. Finally, Verdence Capital Advisors LLC increased its stake in TJX Companies by 5.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 8,612 shares of the apparel and home fashions retailer’s stock worth $1,012,000 after purchasing an additional 477 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Price Performance

NYSE:TJX opened at $113.27 on Tuesday. The stock has a market cap of $127.34 billion, a P/E ratio of 26.65, a PEG ratio of 2.75 and a beta of 0.96. TJX Companies has a one year low of $92.35 and a one year high of $128.00. The company has a fifty day moving average price of $122.18 and a 200 day moving average price of $120.20. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.50.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.07. The firm had revenue of $16.35 billion for the quarter, compared to analyst estimates of $16.24 billion. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. Analysts anticipate that TJX Companies will post 4.18 earnings per share for the current year.

TJX Companies Company Profile

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.