TJX Cos. Given New $60.00 Price Target at UBS AG (TJX)
Investment analysts at UBS AG raised their price objective on shares of TJX Cos. (NYSE:TJX) from $57.00 to $60.00 in a note issued to investors on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. UBS AG’s target price would indicate a potential upside of 11.05% from the company’s current price.
TJX has been the subject of a number of other recent research reports. Analysts at FBR Capital Markets raised their price target on shares of TJX Cos. from $60.00 to $65.00 in a research note to investors on Wednesday, August 21st. They now have an “outperform” rating on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of TJX Cos. from $56.00 to $62.00 in a research note to investors on Tuesday, August 20th. They now have a “buy” rating on the stock. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of TJX Cos. in a research note to investors on Tuesday, August 20th. They now have a $50.00 price target on the stock, up previously from $46.00.
Ten equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. TJX Cos. presently has a consensus rating of “Buy” and an average target price of $56.10.
TJX Cos. (NYSE:TJX) traded down 0.75% during mid-day trading on Wednesday, hitting $54.03. 2,142,062 shares of the company’s stock traded hands. TJX Cos. has a 52 week low of $40.08 and a 52 week high of $54.50. The stock’s 50-day moving average is $52.39 and its 200-day moving average is $49.05. The company has a market cap of $39.366 billion and a P/E ratio of 19.99.
TJX Cos. (NYSE:TJX) last posted its quarterly earnings results on Tuesday, August 20th. The company reported $0.66 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.56 earnings per share. TJX Cos.’s revenue was up 8.4% compared to the same quarter last year. Analysts expect that TJX Cos. will post $2.84 EPS for the current fiscal year.
In other TJX Cos. news, Director Amy Lane sold 1,012 shares of the company’s stock in a transaction that occured on Wednesday, August 21st. The shares were sold at an average price of $54.36, for a total transaction of $55,012.32. Following the sale, the director now directly owns 13,376 shares of the company’s stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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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