TJX Companies (NYSE:TJX) Price Target Raised to $65.00 at Credit Suisse Group

TJX Companies (NYSE:TJX) had its target price raised by Credit Suisse Group from $60.00 to $65.00 in a research report sent to investors on Friday, BenzingaRatingsTable reports. Credit Suisse Group currently has an outperform rating on the apparel and home fashions retailer’s stock.

A number of other research analysts also recently issued reports on the company. Loop Capital decreased their price target on TJX Companies from $72.00 to $60.00 in a report on Friday. Barclays boosted their target price on shares of TJX Companies from $60.00 to $64.00 and gave the company an overweight rating in a research note on Friday. ValuEngine raised shares of TJX Companies from a sell rating to a hold rating in a report on Thursday, April 2nd. Cfra lifted their price objective on shares of TJX Companies from $60.00 to $65.00 and gave the company a strong-buy rating in a report on Thursday. Finally, Morgan Stanley lowered shares of TJX Companies to a hold rating in a research note on Friday, April 17th. 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 stock. The stock presently has an average rating of Buy and an average price target of $64.04.

NYSE:TJX traded down $0.89 during mid-day trading on Friday, hitting $53.41. The company’s stock had a trading volume of 13,418,907 shares, compared to its average volume of 11,063,555. The business’s fifty day moving average is $47.52 and its two-hundred day moving average is $55.87. The stock has a market cap of $65.04 billion, a price-to-earnings ratio of 38.99, a PEG ratio of 4.03 and a beta of 0.70. The company has a debt-to-equity ratio of 3.19, a current ratio of 2.20 and a quick ratio of 0.56. TJX Companies has a 1 year low of $32.72 and a 1 year high of $64.95.

TJX Companies (NYSE:TJX) last issued 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 net margin of 4.57% and a return on equity of 31.29%. The company had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.92 billion. During the same period last year, the firm earned $0.57 EPS. The business’s quarterly revenue was down 52.5% compared to the same quarter last year. Analysts anticipate that TJX Companies will post 1.28 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in TJX. The Manufacturers Life Insurance Company lifted its stake in TJX Companies by 8.7% in the 1st 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 in the last quarter. Samlyn Capital LLC acquired a new stake in shares of TJX Companies in the first quarter valued at approximately $51,438,000. FDx Advisors Inc. lifted its position in TJX Companies by 7.8% during the first quarter. FDx Advisors Inc. now owns 9,725 shares of the apparel and home fashions retailer’s stock worth $465,000 after buying an additional 702 shares in the last quarter. Clearbridge Investments LLC boosted its stake in 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 buying an additional 10,935 shares during the last quarter. Finally, X Square Capital LLC grew its holdings in TJX Companies by 29.1% in the 1st quarter. X Square Capital LLC now owns 19,216 shares of the apparel and home fashions retailer’s stock valued at $919,000 after buying an additional 4,328 shares in the last quarter. 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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