TJX Companies (NYSE:TJX) had its price target raised by Barclays from $60.00 to $64.00 in a report released on Friday, BenzingaRatingsTable reports. Barclays currently has an overweight rating on the apparel and home fashions retailer’s stock.
A number of other research firms also recently commented on TJX. Cfra lifted their price objective on shares of TJX Companies from $60.00 to $65.00 and gave the stock a strong-buy rating in a report on Thursday. Deutsche Bank decreased their price target on shares of TJX Companies from $58.00 to $53.00 and set a buy rating for the company in a report on Monday, May 18th. Zacks Investment Research downgraded shares of TJX Companies from a hold rating to a strong sell rating and set a $50.00 price objective for the company. in a research report on Saturday, May 2nd. DA Davidson raised their target price on shares of TJX Companies from $70.00 to $74.00 and gave the stock a buy rating in a report on Thursday, February 27th. Finally, MKM Partners upped their target price on TJX Companies from $70.00 to $74.00 in a report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average price target of $64.04.
Shares of TJX stock traded down $0.89 during trading hours on Friday, hitting $53.41. 13,418,907 shares of the company were exchanged, compared to its average volume of 11,063,555. The stock has a market capitalization 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 one year low of $32.72 and a one year high of $64.95. The business’s 50-day simple moving average is $47.52 and its two-hundred day simple moving average is $55.87. The company has a debt-to-equity ratio of 3.19, a quick ratio of 0.56 and a current ratio of 2.20.
Several institutional investors have recently bought and sold shares of TJX. Adirondack Trust Co. increased its stake in shares of TJX Companies by 28.4% during the fourth quarter. Adirondack Trust Co. now owns 745 shares of the apparel and home fashions retailer’s stock valued at $44,000 after acquiring an additional 165 shares during the period. Anderson Fisher LLC boosted its stake in TJX Companies by 3.7% during the 4th quarter. Anderson Fisher LLC now owns 5,062 shares of the apparel and home fashions retailer’s stock valued at $309,000 after purchasing an additional 179 shares in the last quarter. Pinnacle Associates Ltd. boosted its stake in TJX Companies by 0.9% during the 4th quarter. Pinnacle Associates Ltd. now owns 20,421 shares of the apparel and home fashions retailer’s stock valued at $1,247,000 after purchasing an additional 189 shares in the last quarter. Loomis Sayles & Co. L P increased its position in shares of TJX Companies by 9.6% during the 4th quarter. Loomis Sayles & Co. L P now owns 2,182 shares of the apparel and home fashions retailer’s stock valued at $133,000 after purchasing an additional 192 shares during the period. Finally, Hilltop Holdings Inc. raised its stake in shares of TJX Companies by 0.9% in the 4th quarter. Hilltop Holdings Inc. now owns 20,854 shares of the apparel and home fashions retailer’s stock worth $1,273,000 after buying an additional 196 shares in the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.
About TJX Companies
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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