TJX Companies (TJX) Rating Lowered to Buy at Goldman Sachs Group
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.
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.
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