TJX Companies (NYSE:TJX) had its target price raised by investment analysts at Nomura from $75.00 to $87.00 in a research note issued on Wednesday. The firm presently has a “buy” rating on the apparel and home fashions retailer’s stock. Nomura’s price objective would suggest a potential upside of 14.14% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. Jefferies Group reiterated a “hold” rating and set a $75.00 price objective on shares of TJX Companies in a research report on Thursday, September 28th. Zacks Investment Research upgraded shares of TJX Companies from a “hold” rating to a “buy” rating and set a $82.00 price objective on the stock in a research report on Tuesday, October 10th. Buckingham Research reiterated a “buy” rating and set a $85.00 price objective on shares of TJX Companies in a research report on Thursday, October 19th. Royal Bank of Canada set a $76.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research report on Monday, October 30th. Finally, Wells Fargo & Co set a $76.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $82.55.

TJX Companies (TJX) traded down $0.37 during mid-day trading on Wednesday, hitting $76.22. 1,185,879 shares of the stock traded hands, compared to its average volume of 3,762,760. 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 current ratio of 1.53 and a quick ratio of 0.67. The stock has a market capitalization of $48,690.00, a P/E ratio of 20.60, a PEG ratio of 1.88 and a beta of 0.75.

TJX Companies (NYSE:TJX) last released its earnings results on Tuesday, November 14th. The apparel and home fashions retailer reported $1.00 EPS for the quarter, hitting the consensus estimate 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 for the quarter, compared to the consensus estimate of $8.86 billion. During the same quarter in the previous year, the firm earned $0.91 earnings per share. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. equities analysts expect that TJX Companies will post 3.93 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Zions Bancorporation lifted its stake in TJX Companies by 185.9% in the third 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 during the period. Lenox Wealth Management Inc. purchased a new stake in TJX Companies in the second quarter worth about $141,000. Highlander Capital Management LLC lifted its stake in TJX Companies by 31.3% in the second quarter. Highlander Capital Management LLC now owns 2,100 shares of the apparel and home fashions retailer’s stock worth $150,000 after acquiring an additional 500 shares during the period. Jacobi Capital Management LLC lifted its stake in TJX Companies by 20.2% in the second quarter. Jacobi Capital Management LLC now owns 2,101 shares of the apparel and home fashions retailer’s stock worth $144,000 after acquiring an additional 353 shares during the period. Finally, FTB Advisors Inc. lifted its stake in TJX Companies by 1.6% in the second quarter. FTB Advisors Inc. now owns 2,235 shares of the apparel and home fashions retailer’s stock worth $159,000 after acquiring an additional 36 shares during the period. Hedge funds and other institutional investors own 90.40% 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.

Analyst Recommendations for TJX Companies (NYSE:TJX)

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