The TJX Companies Given “Buy” Rating at Deutsche Bank (TJX)
The TJX Companies (NYSE:TJX)‘s stock had its “buy” rating reaffirmed by equities research analysts at Deutsche Bank in a research note issued to investors on Wednesday. They currently have a $68.00 target price on the stock, up from their previous target price of $62.00. Deutsche Bank’s price target suggests a potential upside of 16.12% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at MKM Partners raised their price target on shares of The TJX Companies from $63.00 to $64.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Northcoast Research upgraded shares of The TJX Companies from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 23rd. They now have a $62.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Sterne Agee cut their price target on shares of The TJX Companies from $65.00 to $56.00 in a research note on Wednesday, July 16th. Eight analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $62.65.
Shares of The TJX Companies (NYSE:TJX) traded up 0.77% on Wednesday, hitting $59.01. 5,712,849 shares of the company’s stock traded hands. The TJX Companies has a 1-year low of $51.91 and a 1-year high of $64.38. The stock’s 50-day moving average is $53.56 and its 200-day moving average is $57.12. The company has a market cap of $41.325 billion and a price-to-earnings ratio of 19.76. The TJX Companies also was the recipient of unusually large options trading on Tuesday. Stock investors purchased 15,210 call options on the stock. This represents an increase of 757% compared to the typical volume of 1,775 call options.
The TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, August 19th. The company reported $0.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.73 by $0.02. The company had revenue of $6.92 billion for the quarter, compared to the consensus estimate of $6.80 billion. During the same quarter last year, the company posted $0.66 earnings per share. The TJX Companies’s revenue was up 7.4% compared to the same quarter last year. On average, analysts predict that The TJX Companies will post $3.20 earnings per share 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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