TJX Companies (NYSE:TJX) Given New $60.00 Price Target at Loop Capital

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.

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

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.

Featured Story: Price-Sales Ratio

The Fly

Analyst Recommendations for TJX Companies (NYSE:TJX)

Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.