TJX Companies (TJX) Coverage Initiated by Analysts at Goldman Sachs Group

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Goldman Sachs Group assumed coverage on shares of TJX Companies (NYSE:TJX) in a research note released on Monday, Marketbeat Ratings reports. The firm issued a buy rating and a $126.00 target price on the apparel and home fashions retailer’s stock.

A number of other analysts have also issued reports on the company. Morgan Stanley boosted their price target on TJX Companies from $99.00 to $119.00 and gave the company an overweight rating in a report on Thursday, August 23rd. Bank of America boosted their price target on TJX Companies from $110.00 to $120.00 and gave the company a buy rating in a report on Wednesday, August 22nd. MKM Partners set a $120.00 price target on TJX Companies and gave the company a buy rating in a report on Wednesday, August 22nd. Credit Suisse Group boosted their price target on TJX Companies from $100.00 to $108.00 and gave the company a neutral rating in a report on Wednesday, August 22nd. Finally, Royal Bank of Canada boosted their price target on TJX Companies to $114.00 and gave the company an outperform rating in a report on Wednesday, August 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. TJX Companies has an average rating of Buy and an average price target of $103.76.

Shares of NYSE TJX opened at $111.13 on Monday. The company has a quick ratio of 0.77, a current ratio of 1.64 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $68.75 billion, a P/E ratio of 27.51, a PEG ratio of 2.11 and a beta of 0.73. TJX Companies has a 52-week low of $66.44 and a 52-week high of $111.88.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Tuesday, August 21st. The apparel and home fashions retailer reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.12. The firm had revenue of $9.33 billion during the quarter, compared to analyst estimates of $8.99 billion. TJX Companies had a return on equity of 58.66% and a net margin of 7.88%. TJX Companies’s quarterly revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 earnings per share. analysts anticipate that TJX Companies will post 4.91 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the business. HM Payson & Co. lifted its holdings in shares of TJX Companies by 3.5% during the 1st quarter. HM Payson & Co. now owns 455,519 shares of the apparel and home fashions retailer’s stock valued at $37,152,000 after purchasing an additional 15,529 shares during the last quarter. Pinnacle Associates Ltd. lifted its holdings in shares of TJX Companies by 95.3% during the 1st quarter. Pinnacle Associates Ltd. now owns 18,979 shares of the apparel and home fashions retailer’s stock valued at $1,548,000 after purchasing an additional 9,260 shares during the last quarter. Prospera Financial Services Inc purchased a new stake in shares of TJX Companies during the 2nd quarter valued at $338,000. Financial Consulate Inc. purchased a new stake in shares of TJX Companies during the 2nd quarter valued at $832,000. Finally, Nicolet Bankshares Inc. purchased a new stake in shares of TJX Companies during the 2nd quarter valued at $222,000. Institutional investors own 89.44% of the company’s stock.

About TJX Companies

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. 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, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, lighting, soft home, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry; and other merchandise.

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Analyst Recommendations for TJX Companies (NYSE:TJX)

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