TJX Companies (NYSE:TJX) was downgraded by equities research analysts at Goldman Sachs Group from a “conviction-buy” rating to a “buy” rating in a report issued on Tuesday, The Fly reports.

A number of other equities research analysts also recently issued reports on TJX. Credit Suisse Group reissued a “neutral” rating and set a $72.00 price objective (down previously from $79.00) on shares of TJX Companies in a research report on Tuesday, August 8th. Zacks Investment Research raised shares of TJX Companies from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a report on Wednesday, August 9th. Royal Bank Of Canada dropped their target price on shares of TJX Companies from $79.00 to $76.00 and set an “outperform” rating for the company in a report on Wednesday, August 16th. Jefferies Group set a $75.00 target price on shares of TJX Companies and gave the stock a “hold” rating in a report on Tuesday, August 15th. Finally, Nomura set a $80.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a report on Wednesday, August 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $81.53.

Shares of TJX Companies (NYSE:TJX) opened at $77.00 on Tuesday. TJX Companies has a 1 year low of $66.44 and a 1 year high of $80.92. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 1.53. The stock has a market cap of $47,644.00, a price-to-earnings ratio of 20.36, a PEG ratio of 1.81 and a beta of 0.75.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.00. TJX Companies had a net margin of 7.01% and a return on equity of 52.79%. The firm had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.86 billion. During the same quarter in the previous year, the firm posted $0.91 EPS. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. sell-side analysts forecast that TJX Companies will post 3.93 earnings per share for the current year.

Large investors have recently modified their holdings of the stock. Zions Bancorporation grew its stake in TJX Companies by 185.9% in the 3rd quarter. Zions Bancorporation now owns 1,358 shares of the apparel and home fashions retailer’s stock worth $100,000 after acquiring an additional 883 shares in the last quarter. Jacobi Capital Management LLC grew its stake in TJX Companies by 12.9% in the 1st quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock worth $133,000 after acquiring an additional 200 shares in the last quarter. Lenox Wealth Management Inc. bought a new position in TJX Companies in the 2nd quarter worth about $141,000. Mosaic Family Wealth LLC grew its stake in TJX Companies by 7.2% in the 2nd quarter. Mosaic Family Wealth LLC now owns 1,996 shares of the apparel and home fashions retailer’s stock worth $144,000 after acquiring an additional 134 shares in the last quarter. Finally, Oakworth Capital Inc. grew its stake in TJX Companies by 10.1% in the 2nd quarter. Oakworth Capital Inc. now owns 2,024 shares of the apparel and home fashions retailer’s stock worth $146,000 after acquiring an additional 185 shares in the last quarter. Institutional investors own 90.94% of the company’s stock.

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TJX Companies Company Profile

The TJX Companies, Inc (TJX) is an off-price apparel and home fashions retailer in the United States and across the world. The Company operates through four segments: Marmaxx, HomeGoods, TJX Canada and TJX International. T.J. Maxx and Marshalls chains in the United States were collectively the off-price retailer in the United States with a total of 2,221 stores, as of January 28, 2017.

The Fly

Analyst Recommendations for TJX Companies (NYSE:TJX)

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