TJX Companies (NYSE:TJX) Given “Buy” Rating at Nomura

Nomura reiterated their buy rating on shares of TJX Companies (NYSE:TJX) in a research note published on Friday morning, AnalystRatings.com reports. The firm currently has a $60.00 target price on the apparel and home fashions retailer’s stock.

TJX has been the subject of several other reports. Jefferies Financial Group lifted their price target on TJX Companies from $60.00 to $65.00 and gave the company a buy rating in a report on Friday. Robert W. Baird decreased their target price on shares of TJX Companies from $72.00 to $65.00 and set an outperform rating for the company in a research report on Thursday, April 9th. Credit Suisse Group raised their price target on shares of TJX Companies from $60.00 to $65.00 and gave the company an outperform rating in a report on Friday. Citigroup lifted their price objective on shares of TJX Companies from $57.00 to $63.00 and gave the company a buy rating in a research note on Friday. Finally, Gordon Haskett raised shares of TJX Companies from a hold rating to a buy rating and set a $75.00 target price on the stock in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $64.04.

Shares of NYSE:TJX traded down $0.89 during trading on Friday, reaching $53.41. 13,418,907 shares of the company traded hands, compared to its average volume of 11,063,555. The firm has a fifty day simple moving average of $47.52 and a 200 day simple moving average of $55.87. 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 has a 1-year low of $32.72 and a 1-year high of $64.95. The firm has a market cap of $65.04 billion, a P/E ratio of 38.99, a price-to-earnings-growth ratio of 4.03 and a beta of 0.70.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Thursday, May 21st. The apparel and home fashions retailer reported ($0.74) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.56). TJX Companies had a return on equity of 31.29% and a net margin of 4.57%. The firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.92 billion. During the same quarter in the prior year, the business posted $0.57 earnings per share. TJX Companies’s revenue was down 52.5% on a year-over-year basis. As a group, research analysts anticipate that TJX Companies will post 1.28 EPS for the current year.

Several large investors have recently bought and sold shares of the company. RFG Advisory LLC acquired a new stake in TJX Companies during the fourth quarter worth about $366,000. SeaCrest Wealth Management LLC grew its holdings in shares of TJX Companies by 29.5% during the 4th quarter. SeaCrest Wealth Management LLC now owns 8,651 shares of the apparel and home fashions retailer’s stock worth $528,000 after purchasing an additional 1,973 shares in the last quarter. Optimum Investment Advisors grew its holdings in shares of TJX Companies by 500.0% during the 4th quarter. Optimum Investment Advisors now owns 1,800 shares of the apparel and home fashions retailer’s stock worth $110,000 after purchasing an additional 1,500 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of TJX Companies by 115.2% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 8,608 shares of the apparel and home fashions retailer’s stock valued at $526,000 after purchasing an additional 4,608 shares during the period. Finally, J.W. Cole Advisors Inc. acquired a new position in shares of TJX Companies in the fourth quarter valued at $272,000. 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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