TJX Companies (TJX) Earns Equal Weight Rating from Analysts at Barclays
Barclays assumed coverage on shares of TJX Companies (NYSE:TJX) in a research note released on Tuesday, Marketbeat reports. The firm issued an equal weight rating and a $117.00 price target on the apparel and home fashions retailer’s stock.
Several other equities analysts have also recently commented on the company. Goldman Sachs Group started coverage on TJX Companies in a research report on Monday, September 3rd. They set a buy rating and a $126.00 target price for the company. Deutsche Bank boosted their target price on TJX Companies from $100.00 to $105.00 and gave the stock a buy rating in a research report on Monday, August 20th. Zacks Investment Research upgraded TJX Companies from a hold rating to a buy rating and set a $109.00 target price for the company in a research report on Tuesday, July 24th. Nomura boosted their target price on TJX Companies from $97.00 to $100.00 and gave the stock a buy rating in a research report on Monday, June 4th. Finally, Buckingham Research boosted their target price on TJX Companies from $100.00 to $112.00 and gave the stock a buy rating in a research report on Monday, August 20th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eighteen have assigned a buy rating to the stock. TJX Companies presently has an average rating of Buy and a consensus target price of $104.92.
Shares of NYSE TJX opened at $108.77 on Tuesday. TJX Companies has a fifty-two week low of $66.44 and a fifty-two week high of $111.91. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.64 and a quick ratio of 0.77. The firm has a market capitalization of $68.46 billion, a PE ratio of 26.65, a P/E/G ratio of 2.12 and a beta of 0.73.
A number of hedge funds have recently modified their holdings of TJX. Moody Aldrich Partners LLC bought a new stake in shares of TJX Companies in the 2nd quarter valued at about $57,774,000. Cornerstone Advisors Inc. lifted its stake in shares of TJX Companies by 280.2% in the 2nd quarter. Cornerstone Advisors Inc. now owns 1,114 shares of the apparel and home fashions retailer’s stock valued at $106,000 after acquiring an additional 821 shares during the last quarter. Icon Wealth Partners LLC bought a new stake in shares of TJX Companies in the 2nd quarter valued at about $106,000. City Holding Co. bought a new stake in shares of TJX Companies in the 2nd quarter valued at about $114,000. Finally, North Star Investment Management Corp. bought a new stake in shares of TJX Companies in the 2nd quarter valued at about $114,000. 90.08% of the stock is owned by hedge funds and other institutional investors.
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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