TJX Companies (TJX) Rating Reiterated by Nomura

TJX Companies (NYSE:TJX)‘s stock had its “buy” rating reaffirmed by analysts at Nomura in a report released on Wednesday, Marketbeat.com reports. They currently have a $87.00 price target on the apparel and home fashions retailer’s stock, up from their prior price target of $75.00. Nomura’s price objective would indicate a potential upside of 13.61% from the stock’s previous close.

A number of other brokerages have also commented on TJX. Zacks Investment Research raised TJX Companies from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research note on Tuesday, October 10th. Morgan Stanley lowered their price objective on TJX Companies from $86.00 to $85.00 and set an “overweight” rating for the company in a research note on Wednesday, November 15th. Royal Bank of Canada set a $70.00 price objective on TJX Companies and gave the company an “outperform” rating in a research note on Tuesday, November 14th. Jefferies Group reaffirmed a “hold” rating and issued a $75.00 price objective on shares of TJX Companies in a research note on Thursday, September 28th. Finally, BMO Capital Markets set a $85.00 price objective on TJX Companies and gave the company a “buy” rating in a research note on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and sixteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $82.55.

Shares of TJX Companies (NYSE TJX) traded down $0.01 during trading on Wednesday, reaching $76.58. The company had a trading volume of 3,797,483 shares, compared to its average volume of 4,100,000. TJX Companies has a 52 week low of $66.44 and a 52 week high of $80.92. The company has a market capitalization of $48,730.00, a price-to-earnings ratio of 20.70, a PEG ratio of 1.88 and a beta of 0.75. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.67 and a current ratio of 1.53.

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

Several hedge funds have recently modified their holdings of the stock. Fort Pitt Capital Group LLC lifted its stake in shares of TJX Companies by 0.5% during the 2nd quarter. Fort Pitt Capital Group LLC now owns 3,124 shares of the apparel and home fashions retailer’s stock worth $225,000 after acquiring an additional 17 shares during the last quarter. FTB Advisors Inc. lifted its stake in shares of TJX Companies by 1.6% during the 2nd 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 last quarter. C M Bidwell & Associates Ltd. lifted its stake in shares of TJX Companies by 1.2% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 4,095 shares of the apparel and home fashions retailer’s stock worth $296,000 after acquiring an additional 50 shares during the last quarter. Jackson Grant Investment Advisers Inc. lifted its stake in shares of TJX Companies by 0.4% during the 2nd quarter. Jackson Grant Investment Advisers Inc. now owns 15,202 shares of the apparel and home fashions retailer’s stock worth $1,097,000 after acquiring an additional 63 shares during the last quarter. Finally, Hunter Associates Investment Management LLC lifted its stake in shares of TJX Companies by 2.8% during the 2nd quarter. Hunter Associates Investment Management LLC now owns 3,700 shares of the apparel and home fashions retailer’s stock worth $267,000 after acquiring an additional 100 shares during the last quarter. 90.40% of the stock is owned by hedge funds and other institutional investors.

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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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