Robert W. Baird Increases TJX Companies (NYSE:TJX) Price Target to $113.00

TJX Companies (NYSE:TJX) had its target price boosted by Robert W. Baird from $110.00 to $113.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the apparel and home fashions retailer’s stock. Robert W. Baird’s price target indicates a potential upside of 10.63% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. BMO Capital Markets boosted their price objective on shares of TJX Companies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, February 29th. TD Cowen upped their target price on shares of TJX Companies from $119.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 17th. UBS Group upgraded shares of TJX Companies from a “neutral” rating to a “buy” rating and upped their target price for the company from $104.00 to $132.00 in a research note on Thursday, May 2nd. Redburn Atlantic downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and set a $100.00 target price for the company. in a research note on Monday, February 5th. Finally, Deutsche Bank Aktiengesellschaft set a $114.00 price objective on shares of TJX Companies in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and an average price target of $110.05.

TJX Companies Stock Up 2.0 %

Shares of NYSE:TJX opened at $102.14 on Thursday. The company has a market cap of $115.72 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 2.72 and a beta of 0.87. TJX Companies has a fifty-two week low of $75.65 and a fifty-two week high of $104.98. The firm’s 50-day simple moving average is $97.27 and its 200-day simple moving average is $95.09. The company has a quick ratio of 0.64, a current ratio of 1.23 and a debt-to-equity ratio of 0.38.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, May 22nd. The apparel and home fashions retailer reported $0.93 EPS for the quarter, topping the consensus estimate of $0.87 by $0.06. TJX Companies had a net margin of 8.47% and a return on equity of 64.26%. The firm had revenue of $12.48 billion during the quarter, compared to analyst estimates of $12.48 billion. During the same quarter in the prior year, the business posted $0.76 earnings per share. TJX Companies’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, equities research analysts predict that TJX Companies will post 4.05 earnings per share for the current year.

TJX Companies announced that its board has authorized a stock buyback program on Wednesday, February 28th that permits the company to repurchase $2.50 billion in outstanding shares. This repurchase authorization permits the apparel and home fashions retailer to buy up to 2.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 20,000 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 515,801 shares in the company, valued at approximately $51,053,982.98. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Louise Greenlees sold 2,694 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 50,273 shares in the company, valued at approximately $4,968,480.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Ernie Herrman sold 20,000 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 515,801 shares in the company, valued at $51,053,982.98. The disclosure for this sale can be found here. 0.13% of the stock is owned by insiders.

Hedge Funds Weigh In On TJX Companies

Hedge funds have recently made changes to their positions in the business. Valued Wealth Advisors LLC boosted its holdings in shares of TJX Companies by 260.3% in the 1st quarter. Valued Wealth Advisors LLC now owns 245 shares of the apparel and home fashions retailer’s stock valued at $25,000 after buying an additional 177 shares during the last quarter. Frazier Financial Advisors LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at approximately $27,000. Anchor Investment Management LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at approximately $28,000. First Pacific Financial acquired a new stake in shares of TJX Companies in the 1st quarter valued at approximately $29,000. Finally, BKM Wealth Management LLC acquired a new stake in shares of TJX Companies in the 4th quarter valued at approximately $30,000. 91.09% of the stock is owned by institutional investors.

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.