TJX Companies, Inc. (The) (TJX) Raised to “Buy” at Northcoast Research

Northcoast Research upgraded shares of TJX Companies, Inc. (The) (NYSE:TJX) from a neutral rating to a buy rating in a report issued on Thursday morning, Marketbeat.com reports. Northcoast Research currently has $86.00 price target on the apparel and home fashions retailer’s stock. The analysts noted that the move was a valuation call.

Several other research firms have also commented on TJX. BMO Capital Markets reissued a buy rating and set a $85.00 target price on shares of TJX Companies, Inc. (The) in a research note on Thursday, June 8th. Morgan Stanley raised shares of TJX Companies, Inc. (The) from an equal weight rating to an overweight rating and set a $86.00 target price for the company in a research note on Wednesday, May 17th. BidaskClub upgraded shares of TJX Companies, Inc. (The) from a strong sell rating to a sell rating in a research report on Wednesday, June 28th. Credit Suisse Group restated a hold rating and issued a $79.00 price target on shares of TJX Companies, Inc. (The) in a research report on Wednesday, May 17th. Finally, Zacks Investment Research downgraded shares of TJX Companies, Inc. (The) from a hold rating to a sell rating in a research report on Tuesday, July 11th. Five analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. TJX Companies, Inc. (The) presently has an average rating of Buy and a consensus price target of $82.79.

TJX Companies, Inc. (NYSE TJX) traded down 0.73% during midday trading on Thursday, hitting $72.39. 2,681,404 shares of the stock were exchanged. The firm’s 50-day moving average is $70.81 and its 200 day moving average is $74.38. TJX Companies, Inc. has a 52 week low of $66.66 and a 52 week high of $80.92. The stock has a market cap of $46.06 billion, a price-to-earnings ratio of 20.49 and a beta of 0.76.

TJX Companies, Inc. (The) (NYSE:TJX) last released its earnings results on Tuesday, August 15th. The apparel and home fashions retailer reported $0.85 EPS for the quarter, beating the consensus estimate of $0.84 by $0.01. TJX Companies, Inc. (The) had a net margin of 6.83% and a return on equity of 52.87%. The business had revenue of $8.36 billion during the quarter, compared to analyst estimates of $8.29 billion. During the same period in the prior year, the business earned $0.84 earnings per share. The business’s quarterly revenue was up 6.0% on a year-over-year basis. Equities research analysts expect that TJX Companies, Inc. will post $3.93 EPS for the current fiscal year.

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In other TJX Companies, Inc. (The) news, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $72.52, for a total value of $1,450,400.00. Following the completion of the sale, the chief executive officer now owns 480,821 shares in the company, valued at approximately $34,869,138.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.23% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. TrimTabs Asset Management LLC increased its stake in shares of TJX Companies, Inc. (The) by 88.9% during the 1st quarter. TrimTabs Asset Management LLC now owns 1,411 shares of the apparel and home fashions retailer’s stock worth $112,000 after purchasing an additional 664 shares during the last quarter. Israel Discount Bank of New York acquired a new position in shares of TJX Companies, Inc. (The) during the 1st quarter worth $130,000. Jacobi Capital Management LLC increased its stake in shares of TJX Companies, Inc. (The) by 12.9% during the 1st quarter. Jacobi Capital Management LLC now owns 1,748 shares of the apparel and home fashions retailer’s stock worth $133,000 after purchasing an additional 200 shares during the last quarter. Mosaic Family Wealth LLC increased its stake in shares of TJX Companies, Inc. (The) by 6.2% during the 1st quarter. Mosaic Family Wealth LLC now owns 1,862 shares of the apparel and home fashions retailer’s stock worth $147,000 after purchasing an additional 108 shares during the last quarter. Finally, Lenox Wealth Management Inc. acquired a new position in shares of TJX Companies, Inc. (The) during the 2nd quarter worth $141,000. Institutional investors own 89.15% of the company’s stock.

TJX Companies, Inc. (The) 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, Inc. (The) (NYSE:TJX)

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