Wells Fargo & Company Boosts TJX Companies (NYSE:TJX) Price Target to $120.00

TJX Companies (NYSE:TJX) had its target price lifted by equities researchers at Wells Fargo & Company from $115.00 to $120.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the apparel and home fashions retailer’s stock. Wells Fargo & Company‘s price target would suggest a potential downside of 9.73% from the company’s current price.

Several other research analysts have also recently weighed in on TJX. Morgan Stanley decreased their price objective on shares of TJX Companies from $136.00 to $133.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 6th. Citigroup upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $128.00 to $140.00 in a research report on Thursday, April 3rd. StockNews.com upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Monday. Robert W. Baird upped their price objective on shares of TJX Companies from $138.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, February 27th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $145.00 price objective on shares of TJX Companies in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $137.25.

TJX Companies Trading Up 1.3%

Shares of TJX Companies stock opened at $132.93 on Wednesday. TJX Companies has a 12-month low of $97.53 and a 12-month high of $133.18. The company has a market cap of $148.50 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 2.75 and a beta of 0.94. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The company’s 50-day moving average price is $123.95 and its 200-day moving average price is $122.76.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, February 26th. The apparel and home fashions retailer reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.07. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The firm had revenue of $16.35 billion for the quarter, compared to the consensus estimate of $16.24 billion. On average, equities analysts expect that TJX Companies will post 4.18 earnings per share for the current fiscal year.

Insider Buying and Selling at TJX Companies

In other TJX Companies news, Director Alan M. Bennett sold 8,000 shares of the stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $123.53, for a total transaction of $988,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ernie Herrman sold 23,428 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $123.03, for a total transaction of $2,882,346.84. Following the sale, the chief executive officer now directly owns 484,189 shares of the company’s stock, valued at $59,569,772.67. The trade was a 4.62% decrease in their position. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Institutional Trading of TJX Companies

Large investors have recently added to or reduced their stakes in the stock. Ethic Inc. boosted its holdings in TJX Companies by 21.1% in the fourth quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer’s stock valued at $20,196,000 after acquiring an additional 29,158 shares in the last quarter. Fiduciary Trust Co boosted its holdings in TJX Companies by 5.2% in the fourth quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer’s stock valued at $349,284,000 after acquiring an additional 144,113 shares in the last quarter. Congress Asset Management Co. boosted its holdings in TJX Companies by 1.1% in the fourth quarter. Congress Asset Management Co. now owns 1,228,840 shares of the apparel and home fashions retailer’s stock valued at $148,456,000 after acquiring an additional 13,036 shares in the last quarter. Atlas Legacy Advisors LLC bought a new stake in TJX Companies in the fourth quarter valued at $433,000. Finally, BLB&B Advisors LLC lifted its position in TJX Companies by 2.8% during the fourth quarter. BLB&B Advisors LLC now owns 81,079 shares of the apparel and home fashions retailer’s stock valued at $9,795,000 after buying an additional 2,201 shares during the period. Institutional investors own 91.09% of the company’s stock.

TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.