TheStreet Lowers TJX Companies (NYSE:TJX) to C

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.

TJX Companies (NYSE:TJX) last issued its earnings results on Thursday, May 21st. The apparel and home fashions retailer reported ($0.74) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.56). The business had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.92 billion. TJX Companies had a net margin of 4.57% and a return on equity of 31.29%. TJX Companies’s revenue for the quarter was down 52.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 EPS. As a group, analysts forecast that TJX Companies will post 1.28 EPS for the current fiscal year.

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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Analyst Recommendations for TJX Companies (NYSE:TJX)

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