TheStreet lowered shares of TJX Companies (NYSE:TJX) from a b rating to a c rating in a research report released on Thursday morning, TheStreetRatingsTable reports.
Other equities analysts also recently issued research reports about the company. Gordon Haskett upgraded TJX Companies from a hold rating to a buy rating and set a $75.00 target price on the stock in a report on Thursday, February 27th. Morgan Stanley downgraded TJX Companies to a hold rating in a report on Friday, April 17th. UBS Group dropped their price objective on TJX Companies from $68.00 to $48.00 and set a neutral rating on the stock in a report on Thursday, April 30th. Telsey Advisory Group increased their price objective on TJX Companies from $68.00 to $72.00 and gave the stock an outperform rating in a report on Monday, February 24th. Finally, ValuEngine upgraded TJX Companies from a sell rating to a hold rating in a report on Thursday, April 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company. TJX Companies currently has a consensus rating of Buy and an average target price of $64.04.
Shares of TJX traded down $0.89 during trading hours on Thursday, reaching $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 firm has a market cap of $65.04 billion, a price-to-earnings ratio of 38.99, a P/E/G 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. The company has a 50 day moving average of $47.52 and a two-hundred day moving average of $55.87.
Institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its position in shares of TJX Companies by 8.7% in the first quarter. The Manufacturers Life Insurance Company now owns 2,528,082 shares of the apparel and home fashions retailer’s stock valued at $120,867,000 after acquiring an additional 201,689 shares during the period. Samlyn Capital LLC bought a new stake in shares of TJX Companies in the first quarter valued at approximately $51,438,000. FDx Advisors Inc. boosted its position in shares of TJX Companies by 7.8% in the first quarter. FDx Advisors Inc. now owns 9,725 shares of the apparel and home fashions retailer’s stock valued at $465,000 after acquiring an additional 702 shares during the period. Clearbridge Investments LLC boosted its position in shares of TJX Companies by 0.4% in the first quarter. Clearbridge Investments LLC now owns 2,808,924 shares of the apparel and home fashions retailer’s stock valued at $134,295,000 after acquiring an additional 10,935 shares during the period. Finally, X Square Capital LLC boosted its position in shares of TJX Companies by 29.1% in the first quarter. X Square Capital LLC now owns 19,216 shares of the apparel and home fashions retailer’s stock valued at $919,000 after acquiring an additional 4,328 shares during the period. 88.45% of the stock is owned by hedge funds and other institutional investors.
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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