TJX Companies (NYSE:TJX) had its price target cut by Loop Capital from $72.00 to $60.00 in a research report sent to investors on Friday morning, The Fly reports.
Several other analysts have also weighed in on the company. Wells Fargo & Co raised TJX Companies from an equal weight rating to an overweight rating and raised their price objective for the company from $61.00 to $65.00 in a research note on Monday, March 30th. Atlantic Securities upgraded shares of TJX Companies from a neutral rating to an overweight rating and set a $60.00 price target for the company in a research report on Wednesday, April 29th. DA Davidson lifted their price objective on TJX Companies from $70.00 to $74.00 and gave the stock a buy rating in a research note on Thursday, February 27th. ValuEngine upgraded TJX Companies from a sell rating to a hold rating in a report on Thursday, April 2nd. Finally, Nomura Instinet upped their price target on TJX Companies from $56.00 to $59.00 and gave the stock a buy rating in a report on Monday, May 11th. One investment 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 assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $64.04.
Shares of NYSE TJX traded down $0.89 during trading hours on Friday, hitting $53.41. 13,418,907 shares of the stock were exchanged, compared to its average volume of 11,063,555. The company’s fifty day simple moving average is $47.52 and its two-hundred day simple moving average is $55.87. The company has a market cap of $65.04 billion, a PE ratio of 38.99, a price-to-earnings-growth ratio of 4.03 and a beta of 0.70. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.56 and a current ratio of 2.20. TJX Companies has a 1-year low of $32.72 and a 1-year high of $64.95.
Hedge funds and other institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in shares of TJX Companies by 8.7% during the 1st 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 buying an additional 201,689 shares in the last quarter. Samlyn Capital LLC purchased a new position in TJX Companies in the 1st quarter valued at approximately $51,438,000. FDx Advisors Inc. raised its holdings in TJX Companies by 7.8% during the 1st 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 lifted its position in shares of TJX Companies by 0.4% during the first quarter. Clearbridge Investments LLC now owns 2,808,924 shares of the apparel and home fashions retailer’s stock worth $134,295,000 after acquiring an additional 10,935 shares in the last quarter. Finally, X Square Capital LLC lifted its position in shares of TJX Companies by 29.1% during the first quarter. X Square Capital LLC now owns 19,216 shares of the apparel and home fashions retailer’s stock worth $919,000 after acquiring an additional 4,328 shares in the last quarter. 88.45% of the stock is currently owned by 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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