Jefferies Group Increases TJX Cos. Price Target to $50.00 (TJX)
Jefferies Group lifted their target price on shares of TJX Cos. (NYSE:TJX) from $46.00 to $50.00 in a research note issued on Tuesday, Stock Ratings Network.com reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s target price would suggest a potential downside of 7.82% from the company’s current price.
The analysts wrote, “TJX posted impressive 2Q results driven by continued sales and margin improvement. With strong sales across divisions and a solid inventory position heading into the back half of the year, TJX raised guidance from a relatively conservative bar, in our view. We continue to see good growth ahead as TJX’s brands gain share but we see these positives as fairly priced in at current levels. Maintain Hold, PT to $50.”
Other equities research analysts have also recently issued reports about the stock. Analysts at Wells Fargo & Co. reiterated a “market perform” rating on shares of TJX Cos. in a research note to investors on Tuesday. They now have a $56.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of TJX Cos. from $55.00 to $58.00 in a research note to investors on Tuesday, August 13th. They now have an “outperform” rating on the stock. Finally, analysts at SunTrust initiated coverage on shares of TJX Cos. in a research note to investors on Friday, July 19th. They set a “neutral” rating and a GBX 57 ($0.89) price target on the stock.
Nine research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $54.71.
Shares of TJX Cos. (NYSE:TJX) traded down 0.52% during mid-day trading on Tuesday, hitting $53.96. 911,475 shares of the company’s stock traded hands. TJX Cos. has a one year low of $40.08 and a one year high of $54.41. The stock has a 50-day moving average of $52.11 and a 200-day moving average of $48.91. The company has a market cap of $38.839 billion and a price-to-earnings ratio of 20.69.
TJX Cos. (NYSE:TJX) last released its earnings data on Tuesday, August 20th. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.63 by $0.03. The company had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.37 billion. During the same quarter in the prior year, the company posted $0.56 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. Analysts expect that TJX Cos. will post $2.82 EPS for the current fiscal year.
The TJX Companies, Inc (NYSE:TJX) is the off-price apparel and home fashions retailer in the United States and worldwide.
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