UBS Group Boosts TJX Companies (NYSE:TJX) Price Target to $134.00

TJX Companies (NYSE:TJX) had its price target boosted by equities research analysts at UBS Group from $132.00 to $134.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the apparel and home fashions retailer’s stock. UBS Group’s target price would indicate a potential upside of 34.51% from the stock’s previous close.

A number of other research firms have also recently weighed in on TJX. Deutsche Bank Aktiengesellschaft set a $114.00 price target on TJX Companies in a report on Tuesday. Robert W. Baird boosted their target price on TJX Companies from $110.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday. BMO Capital Markets boosted their target price on TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, February 29th. TD Cowen boosted their target price on TJX Companies from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Finally, The Goldman Sachs Group raised TJX Companies from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $110.00 in a report on Thursday, April 25th. Two investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and a consensus price target of $108.78.

TJX Companies Stock Down 1.5 %

NYSE:TJX traded down $1.50 during mid-day trading on Thursday, reaching $99.62. The stock had a trading volume of 1,459,022 shares, compared to its average volume of 5,176,403. The company has a market capitalization of $112.87 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 2.64 and a beta of 0.87. TJX Companies has a 1-year low of $75.65 and a 1-year high of $104.98. The stock’s 50 day simple moving average is $97.15 and its two-hundred day simple moving average is $94.97. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.21 and a quick ratio of 0.64.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.06. TJX Companies had a return on equity of 64.18% and a net margin of 8.25%. The company had revenue of $12.48 billion during the quarter, compared to the consensus estimate of $12.48 billion. During the same period in the previous year, the firm posted $0.76 earnings per share. TJX Companies’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities analysts anticipate that TJX Companies will post 4.1 EPS for the current year.

TJX Companies declared that its board has approved a stock repurchase plan on Wednesday, February 28th that authorizes the company to buyback $2.50 billion in outstanding shares. This buyback authorization authorizes the apparel and home fashions retailer to purchase up to 2.2% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP Louise Greenlees sold 2,694 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $98.83, for a total value of $266,248.02. Following the completion of the sale, the executive vice president now directly owns 50,273 shares in the company, valued at $4,968,480.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other TJX Companies news, CEO Ernie Herrman sold 20,000 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $98.98, for a total transaction of $1,979,600.00. Following the completion of the transaction, the chief executive officer now owns 515,801 shares of the company’s stock, valued at approximately $51,053,982.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Louise Greenlees sold 2,694 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $98.83, for a total transaction of $266,248.02. Following the transaction, the executive vice president now directly owns 50,273 shares of the company’s stock, valued at approximately $4,968,480.59. The disclosure for this sale can be found here. 0.13% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Manhattan West Asset Management LLC raised its position in shares of TJX Companies by 0.4% during the first quarter. Manhattan West Asset Management LLC now owns 24,670 shares of the apparel and home fashions retailer’s stock valued at $2,502,000 after buying an additional 103 shares during the last quarter. Bedel Financial Consulting Inc. raised its position in shares of TJX Companies by 3.4% during the fourth quarter. Bedel Financial Consulting Inc. now owns 3,190 shares of the apparel and home fashions retailer’s stock valued at $299,000 after buying an additional 104 shares during the last quarter. TRUE Private Wealth Advisors raised its position in shares of TJX Companies by 3.7% during the first quarter. TRUE Private Wealth Advisors now owns 2,932 shares of the apparel and home fashions retailer’s stock valued at $297,000 after buying an additional 104 shares during the last quarter. Tandem Investment Advisors Inc. raised its position in shares of TJX Companies by 1.8% during the fourth quarter. Tandem Investment Advisors Inc. now owns 5,846 shares of the apparel and home fashions retailer’s stock valued at $548,000 after buying an additional 106 shares during the last quarter. Finally, TCI Wealth Advisors Inc. raised its position in shares of TJX Companies by 2.6% during the first quarter. TCI Wealth Advisors Inc. now owns 4,214 shares of the apparel and home fashions retailer’s stock valued at $427,000 after buying an additional 106 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

About TJX Companies

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.