TJX Companies (TJX) Given a $88.00 Price Target at Cowen

TJX Companies (NYSE:TJX) has been assigned a $88.00 price objective by equities researchers at Cowen in a report issued on Wednesday. The brokerage currently has a “buy” rating on the apparel and home fashions retailer’s stock. Cowen’s target price points to a potential upside of 19.08% from the company’s current price.

A number of other research analysts have also recently issued reports on TJX. Jefferies Group set a $75.00 price objective on TJX Companies and gave the company a “hold” rating in a research note on Tuesday, August 15th. Nomura set a $80.00 price objective on TJX Companies and gave the company a “buy” rating in a research note on Wednesday, August 16th. Zacks Investment Research cut TJX Companies from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Instinet reaffirmed a “buy” rating and set a $80.00 price objective (down from $83.00) on shares of TJX Companies in a research note on Wednesday, August 16th. Finally, Goldman Sachs Group reaffirmed a “buy” rating and set a $90.00 price objective (down from $97.00) on shares of TJX Companies in a research note on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and sixteen have assigned a buy rating to the stock. TJX Companies has an average rating of “Buy” and a consensus price target of $81.95.

TJX Companies (TJX) traded up $0.28 on Wednesday, reaching $73.90. The company had a trading volume of 4,208,265 shares, compared to its average volume of 4,226,257. The company has a market capitalization of $46,347.78, a PE ratio of 19.81, a PEG ratio of 1.76 and a beta of 0.75. The company has a current ratio of 1.53, a quick ratio of 0.67 and a debt-to-equity ratio of 0.48. TJX Companies has a 1-year low of $66.44 and a 1-year high of $80.92.

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, meeting the Zacks’ consensus estimate of $1.00. The business had revenue of $8.76 billion for the quarter, compared to analysts’ expectations of $8.86 billion. TJX Companies had a return on equity of 52.79% and a net margin of 7.01%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.91 earnings per share. equities research analysts predict that TJX Companies will post 3.93 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. Fort Pitt Capital Group LLC boosted its holdings in shares of TJX Companies by 0.5% during the second quarter. Fort Pitt Capital Group LLC now owns 3,124 shares of the apparel and home fashions retailer’s stock worth $225,000 after purchasing an additional 17 shares during the period. Summit Asset Management LLC lifted its holdings in TJX Companies by 0.7% in the second quarter. Summit Asset Management LLC now owns 4,500 shares of the apparel and home fashions retailer’s stock worth $325,000 after buying an additional 30 shares during the period. Reliance Trust Co. of Delaware lifted its holdings in TJX Companies by 0.9% in the second quarter. Reliance Trust Co. of Delaware now owns 3,487 shares of the apparel and home fashions retailer’s stock worth $251,000 after buying an additional 31 shares during the period. FTB Advisors Inc. lifted its holdings 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 buying an additional 36 shares during the period. Finally, C M Bidwell & Associates Ltd. lifted its holdings in TJX Companies by 1.2% in the second quarter. C M Bidwell & Associates Ltd. now owns 4,095 shares of the apparel and home fashions retailer’s stock worth $296,000 after buying an additional 50 shares during the period. Institutional investors own 90.94% of the company’s stock.

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About TJX Companies

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.