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The TJX Companies (NYSE:TJX)‘s stock had its “neutral” rating reissued by Zacks in a note issued to investors on Wednesday. They currently have a $61.00 price objective on the stock. Zacks‘s target price suggests a potential upside of 4.17% from the stock’s previous close.

Zacks’ analyst wrote, “TJX Companies’ second-quarter fiscal 2015 earnings per share of $0.75 beat both the year-ago results and Zacks Consensus Estimate by 2.7% and 14% respectively backed by higher consumer traffic, improved margins and solid comparable-store sales growth in consecutive months. Sales met Zacks Consensus Estimate and increased 7% from prior year levels backed by higher comps. However, we are encouraged by the company’s strong fundamentals and its strategic initiatives to improve its retail business in North America, Europe and Canada. Moreover, the company’s focuses on e-Commerce and aggressive marketing strategies also encourage us. The company’s low-priced products work well in the challenging macroeconomic environment. However, rising input costs and lack of international presence prompt us to remain on the sidelines. “

A number of other analysts have also recently weighed in on TJX. Analysts at Deutsche Bank reiterated a “buy” rating on shares of The TJX Companies in a research note on Wednesday. They now have a $68.00 price target on the stock, up previously from $62.00. Separately, 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. Finally, 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. Eight investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The TJX Companies presently has an average rating of “Buy” and an average price target of $62.65.

The TJX Companies (NYSE:TJX) traded up 0.32% during mid-day trading on Wednesday, hitting $58.75. The stock had a trading volume of 3,985,424 shares. The TJX Companies has a 1-year low of $51.91 and a 1-year high of $64.38. The stock has a 50-day moving average of $53.56 and a 200-day moving average of $57.12. The company has a market cap of $41.143 billion and a P/E ratio of 19.76. The TJX Companies also saw unusually large options trading on Tuesday. Stock investors purchased 15,210 call options on the company. This represents an increase of 757% compared to the average daily volume of 1,775 call options.

The TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Tuesday, August 19th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.66 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. 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.

To view Zacks’ full report, visit Zacks’ official website.

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