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Stock analysts at MKM Partners cut their target price on shares of The TJX Companies (NYSE:TJX) from $68.00 to $63.00 in a report issued on Wednesday. The firm currently has a “buy” rating on the stock. MKM Partners’ price objective indicates a potential upside of 16.77% from the company’s current price.

Shares of The TJX Companies (NYSE:TJX) traded up 2.60% during mid-day trading on Wednesday, hitting $55.3539. The stock had a trading volume of 2,871,842 shares. The TJX Companies has a 1-year low of $48.71 and a 1-year high of $64.38. The stock has a 50-day moving average of $58.85 and a 200-day moving average of $60.67. The company has a market cap of $38.952 billion and a price-to-earnings ratio of 18.35. The TJX Companies also was the recipient of unusually large options trading activity on Monday. Stock traders acquired 3,954 put options on the stock. This represents an increase of approximately 470% compared to the average volume of 694 put options.

The TJX Companies (NYSE:TJX) last released its earnings data on Tuesday, May 20th. The company reported $0.64 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.67 by $0.03. The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.60 billion. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 4.9% on a year-over-year basis. Analysts expect that The TJX Companies will post $3.22 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on TJX. Analysts at RBC Capital cut their price target on shares of The TJX Companies from $67.00 to $66.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Separately, analysts at SunTrust upgraded shares of The TJX Companies from a “neutral” rating to a “buy” rating in a research note on Wednesday. They now have a $65.00 price target on the stock. Finally, analysts at FBR Capital Markets cut their price target on shares of The TJX Companies from $69.00 to $64.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Nine investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $62.50.

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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