TJX Companies (NYSE:TJX) had its price objective increased by Nomura Instinet from $59.00 to $60.00 in a report issued on Friday morning, BenzingaRatingsTable reports. The brokerage currently has a buy rating on the apparel and home fashions retailer’s stock.
Several other research analysts have also commented on the stock. Atlantic Securities raised shares of TJX Companies from a neutral rating to an overweight rating and set a $60.00 price objective for the company in a research note on Wednesday, April 29th. Loop Capital decreased their price target on shares of TJX Companies from $72.00 to $60.00 in a research report on Friday. Morgan Stanley lowered TJX Companies to a hold rating in a research report on Friday, April 17th. BMO Capital Markets began coverage on TJX Companies in a research note on Monday, February 3rd. They issued an outperform rating and a $70.00 price objective on the stock. Finally, ValuEngine raised TJX Companies from a sell rating to a hold rating in a research note 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’s stock. The stock currently has a consensus rating of Buy and an average price target of $64.04.
Shares of NYSE:TJX traded down $0.89 during midday trading on Friday, reaching $53.41. 13,418,907 shares of the company’s stock were exchanged, compared to its average volume of 11,063,555. The stock 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 fifty-two week low of $32.72 and a fifty-two week high of $64.95. The firm’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 current ratio of 2.20 and a quick ratio of 0.56.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company grew its holdings in shares of TJX Companies by 8.7% during the first quarter. The Manufacturers Life Insurance Company now owns 2,528,082 shares of the apparel and home fashions retailer’s stock worth $120,867,000 after purchasing an additional 201,689 shares during the last quarter. Samlyn Capital LLC purchased a new stake in shares of TJX Companies in the 1st quarter valued at about $51,438,000. FDx Advisors Inc. boosted its position in shares of TJX Companies by 7.8% in 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 purchasing an additional 702 shares during the period. Clearbridge Investments LLC grew its stake in TJX Companies by 0.4% during the 1st quarter. Clearbridge Investments LLC now owns 2,808,924 shares of the apparel and home fashions retailer’s stock worth $134,295,000 after buying an additional 10,935 shares during the last quarter. Finally, X Square Capital LLC increased its position in 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 buying an additional 4,328 shares during the period. 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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