Jefferies Financial Group Increases TJX Companies (NYSE:TJX) Price Target to $65.00

TJX Companies (NYSE:TJX) had its price objective boosted by Jefferies Financial Group from $60.00 to $65.00 in a research note issued to investors on Friday, The Fly reports. Jefferies Financial Group currently has a buy rating on the apparel and home fashions retailer’s stock.

A number of other equities analysts have also commented on the company. Atlantic Securities raised TJX Companies from a neutral rating to an overweight rating and set a $60.00 price objective on the stock in a research note on Wednesday, April 29th. Barclays boosted their price target on shares of TJX Companies from $60.00 to $64.00 and gave the stock an overweight rating in a research report on Friday. BMO Capital Markets initiated coverage on shares of TJX Companies in a research note on Monday, February 3rd. They issued an outperform rating and a $70.00 price objective on the stock. DA Davidson lifted their target price on shares of TJX Companies from $70.00 to $74.00 and gave the stock a buy rating in a research note on Thursday, February 27th. Finally, Robert W. Baird cut their price target on shares of TJX Companies from $72.00 to $65.00 and set an outperform rating on the stock in a research report on Thursday, April 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $64.04.

NYSE TJX traded down $0.89 on Friday, hitting $53.41. The company’s stock had a trading volume of 13,418,907 shares, compared to its average volume of 11,063,555. The company’s 50-day moving average is $47.52 and its 200 day moving average is $55.87. The firm has a market cap of $65.04 billion, a PE ratio of 38.99, a PEG ratio of 4.03 and a beta of 0.70. TJX Companies has a 1-year low of $32.72 and a 1-year high of $64.95. The company has a quick ratio of 0.56, a current ratio of 2.20 and a debt-to-equity ratio of 3.19.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Thursday, May 21st. The apparel and home fashions retailer reported ($0.74) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.56). The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.92 billion. TJX Companies had a return on equity of 31.29% and a net margin of 4.57%. The business’s revenue for the quarter was down 52.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 EPS. On average, equities analysts expect that TJX Companies will post 1.28 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP increased its stake in TJX Companies by 20.5% during the 1st quarter. Wellington Management Group LLP now owns 80,813,129 shares of the apparel and home fashions retailer’s stock valued at $3,863,676,000 after purchasing an additional 13,751,614 shares in the last quarter. Norges Bank bought a new position in shares of TJX Companies in the fourth quarter valued at $789,572,000. Capital Research Global Investors grew its holdings in shares of TJX Companies by 498.7% during the first quarter. Capital Research Global Investors now owns 12,292,389 shares of the apparel and home fashions retailer’s stock valued at $587,699,000 after buying an additional 10,239,160 shares during the last quarter. Private Advisor Group LLC increased its position in shares of TJX Companies by 100.7% during the fourth quarter. Private Advisor Group LLC now owns 49,601 shares of the apparel and home fashions retailer’s stock worth $3,028,000 after acquiring an additional 6,774,428 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in shares of TJX Companies by 82.8% in the 1st quarter. Nuveen Asset Management LLC now owns 10,596,523 shares of the apparel and home fashions retailer’s stock worth $506,620,000 after acquiring an additional 4,800,639 shares during the last quarter. Institutional investors own 88.45% of the company’s stock.

TJX Companies Company Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

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Analyst Recommendations for TJX Companies (NYSE:TJX)

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