TJX Companies (NYSE:TJX) Price Target Raised to $140.00 at Robert W. Baird

TJX Companies (NYSE:TJX) had its price target boosted by Robert W. Baird from $138.00 to $140.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the apparel and home fashions retailer’s stock. Robert W. Baird’s price target would indicate a potential upside of 12.18% from the stock’s current price.

A number of other equities research analysts have also commented on TJX. Evercore ISI upped their price target on TJX Companies from $138.00 to $142.00 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Jefferies Financial Group upped their price target on TJX Companies from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. StockNews.com upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. Deutsche Bank Aktiengesellschaft upped their price target on TJX Companies from $130.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Finally, UBS Group upped their price target on TJX Companies from $148.00 to $151.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $134.29.

TJX Companies Price Performance

Shares of TJX opened at $124.80 on Thursday. TJX Companies has a 12-month low of $92.35 and a 12-month high of $128.00. The business has a 50-day simple moving average of $122.87 and a two-hundred day simple moving average of $119.84. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock has a market cap of $140.29 billion, a PE ratio of 29.36, a PEG ratio of 2.75 and a beta of 0.91.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TJX. Norges Bank bought a new position in TJX Companies in the fourth quarter worth approximately $1,670,565,000. Raymond James Financial Inc. bought a new position in TJX Companies in the fourth quarter worth approximately $570,342,000. Capital Research Global Investors raised its stake in shares of TJX Companies by 689.6% in the fourth quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer’s stock worth $313,512,000 after purchasing an additional 2,266,415 shares during the last quarter. Northern Trust Corp raised its stake in shares of TJX Companies by 15.2% in the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer’s stock worth $1,689,628,000 after purchasing an additional 1,845,225 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of TJX Companies by 12.9% in the fourth quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer’s stock worth $1,486,074,000 after purchasing an additional 1,403,561 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

About TJX Companies

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.