Telsey Advisory Group Reiterates Outperform Rating for TJX Companies (NYSE:TJX)

TJX Companies (NYSE:TJX)‘s stock had its “outperform” rating reiterated by research analysts at Telsey Advisory Group in a report released on Wednesday,Benzinga reports. They presently have a $170.00 target price on the apparel and home fashions retailer’s stock. Telsey Advisory Group’s price objective indicates a potential upside of 8.63% from the company’s current price.

A number of other research analysts also recently commented on TJX. Evercore boosted their price target on TJX Companies from $162.00 to $165.00 and gave the company an “outperform” rating in a research note on Thursday, November 20th. TD Cowen reissued a “buy” rating on shares of TJX Companies in a report on Thursday, November 20th. Citigroup reaffirmed a “buy” rating and set a $168.00 price target (up previously from $160.00) on shares of TJX Companies in a report on Thursday, November 20th. Weiss Ratings reiterated a “buy (b+)” rating on shares of TJX Companies in a research report on Wednesday, January 21st. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $170.00 price objective on shares of TJX Companies in a research note on Tuesday, January 6th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $163.86.

TJX Companies Stock Down 0.5%

TJX Companies stock opened at $156.50 on Wednesday. The company’s 50-day moving average price is $154.58 and its two-hundred day moving average price is $146.47. The company has a quick ratio of 0.43, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. The stock has a market cap of $173.79 billion, a P/E ratio of 34.55, a P/E/G ratio of 3.01 and a beta of 0.74. TJX Companies has a twelve month low of $112.10 and a twelve month high of $159.48.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. TJX Companies had a net margin of 8.68% and a return on equity of 58.30%. The firm had revenue of $15.12 billion for the quarter, compared to analyst estimates of $14.80 billion. During the same quarter in the prior year, the business posted $1.14 EPS. The business’s revenue was up 7.5% compared to the same quarter last year. As a group, analysts expect that TJX Companies will post 4.18 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its stake in shares of TJX Companies by 120.3% in the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock valued at $25,000 after buying an additional 89 shares in the last quarter. Entrust Financial LLC acquired a new stake in shares of TJX Companies in the 4th quarter worth about $26,000. Wilkerson Advisory Group LLC bought a new position in shares of TJX Companies in the fourth quarter valued at approximately $26,000. IMG Wealth Management Inc. boosted its position in shares of TJX Companies by 65.7% during the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock valued at $27,000 after buying an additional 69 shares during the last quarter. Finally, Joseph Group Capital Management bought a new stake in TJX Companies during the fourth quarter worth $27,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Company Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.