TJX Companies (TJX) PT Set at $88.00 by Cowen
TJX Companies (NYSE:TJX) received a $88.00 target price from Cowen in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the apparel and home fashions retailer’s stock. Cowen’s price target would indicate a potential upside of 19.86% from the stock’s current price.
Several other research analysts also recently weighed in on the stock. Buckingham Research restated a “buy” rating and set a $85.00 price objective on shares of TJX Companies in a report on Thursday, October 19th. Zacks Investment Research downgraded shares of TJX Companies from a “buy” rating to a “sell” rating in a report on Monday, November 13th. Royal Bank of Canada set a $76.00 price objective on shares of TJX Companies and gave the stock a “buy” rating in a report on Monday, October 30th. Citigroup lowered their price objective on shares of TJX Companies from $88.00 to $81.00 and set a “buy” rating on the stock in a report on Wednesday, November 15th. Finally, BMO Capital Markets set a $85.00 price objective on shares of TJX Companies and gave the stock a “buy” rating in a report on Wednesday, November 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and seventeen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $82.15.
TJX Companies (TJX) traded down $0.48 during trading on Wednesday, hitting $73.42. 4,074,100 shares of the company were exchanged, compared to its average volume of 4,227,055. The company has a quick ratio of 0.67, a current ratio of 1.53 and a debt-to-equity ratio of 0.48. TJX Companies has a 52 week low of $66.44 and a 52 week high of $80.92. The firm has a market cap of $46,727.16, a P/E ratio of 19.97, a PEG ratio of 1.77 and a beta of 0.75.
TJX Companies (NYSE:TJX) last released its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.00. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. The company had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.86 billion. During the same quarter in the previous year, the company earned $0.91 EPS. TJX Companies’s quarterly revenue was up 5.7% compared to the same quarter last year. analysts anticipate that TJX Companies will post 3.93 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Zions Bancorporation grew its stake in shares of TJX Companies by 185.9% in the 3rd quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock worth $100,000 after acquiring an additional 883 shares in the last quarter. Jacobi Capital Management LLC grew its stake in shares of TJX Companies by 12.9% in the 1st quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock worth $133,000 after acquiring an additional 200 shares in the last quarter. Lenox Wealth Management Inc. bought a new stake in shares of TJX Companies in the 2nd quarter worth $141,000. Mosaic Family Wealth LLC grew its position in TJX Companies by 7.2% during the second quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock valued at $144,000 after buying an additional 134 shares during the period. Finally, Oakworth Capital Inc. grew its position in TJX Companies by 10.1% during the second quarter. Oakworth Capital Inc. now owns 2,024 shares of the apparel and home fashions retailer’s stock valued at $146,000 after buying an additional 185 shares during the period. Hedge funds and other institutional investors own 90.94% of the company’s stock.
About TJX Companies
The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.
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