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.
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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