Equities researchers at Credit Suisse Group started coverage on shares of TJX Companies (NYSE:TJX) in a report released on Monday, The Fly reports. The firm set a “neutral” rating on the apparel and home fashions retailer’s stock.
Other equities analysts have also recently issued research reports about the company. Guggenheim reiterated a “buy” rating and set a $86.00 target price on shares of TJX Companies in a research report on Friday, December 15th. Cowen set a $88.00 target price on TJX Companies and gave the stock a “buy” rating in a research report on Wednesday, December 13th. Goldman Sachs Group cut TJX Companies from a “conviction-buy” rating to a “buy” rating and set a $79.00 target price on the stock. in a research report on Tuesday, December 5th. Nomura dropped their target price on TJX Companies from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Finally, Buckingham Research dropped their target price on TJX Companies from $85.00 to $82.00 and set a “buy” rating on the stock in a research report on Wednesday, November 15th. Six research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $86.75.
Shares of TJX Companies (NYSE:TJX) traded down $0.20 during mid-day trading on Monday, reaching $82.47. The company had a trading volume of 3,570,108 shares, compared to its average volume of 4,711,596. The firm has a market cap of $52,230.00, a PE ratio of 19.09, a PEG ratio of 1.65 and a beta of 0.67. TJX Companies has a 1 year low of $66.44 and a 1 year high of $84.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.66 and a quick ratio of 0.84.
TJX Companies announced that its Board of Directors has approved a stock buyback program on Wednesday, February 28th that permits the company to buyback $3.00 billion in outstanding shares. This buyback authorization permits the apparel and home fashions retailer to buy shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
In related news, CEO Ernie Herrman sold 11,000 shares of the company’s stock in a transaction that occurred on Friday, March 2nd. The stock was sold at an average price of $83.64, for a total value of $920,040.00. Following the sale, the chief executive officer now owns 454,821 shares of the company’s stock, valued at approximately $38,041,228.44. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Amy B. Lane sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $82.81, for a total value of $82,810.00. Following the completion of the sale, the director now directly owns 15,998 shares in the company, valued at approximately $1,324,794.38. The disclosure for this sale can be found here. Insiders have sold a total of 65,020 shares of company stock worth $5,446,635 in the last three months. Corporate insiders own 0.23% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Zions Bancorporation lifted 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 valued at $100,000 after buying an additional 883 shares in the last quarter. Farmers National Bank purchased a new stake in TJX Companies in the 4th quarter valued at approximately $106,000. Icon Wealth Partners LLC purchased a new stake in TJX Companies in the 4th quarter valued at approximately $109,000. Truewealth LLC purchased a new stake in TJX Companies in the 4th quarter valued at approximately $119,000. Finally, Assetmark Inc. lifted its stake in TJX Companies by 50.3% in the 4th quarter. Assetmark Inc. now owns 1,983 shares of the apparel and home fashions retailer’s stock valued at $152,000 after buying an additional 664 shares in the last quarter. 91.07% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY WARNING: This piece of content was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://www.americanbankingnews.com/2018/03/12/tjx-companies-tjx-earns-neutral-rating-from-analysts-at-credit-suisse-group.html.
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.
Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.