Analysts at Buckingham Research decreased their target price on shares of The TJX Companies (NYSE:TJX) from $64.00 to $60.00 in a research report issued to clients and investors on Thursday. Buckingham Research’s price target would suggest a potential upside of 6.01% from the company’s current price.
Shares of The TJX Companies (NYSE:TJX) traded down 2.01% on Thursday, hitting $55.46. 5,329,043 shares of the company’s stock traded hands. The TJX Companies has a 52 week low of $48.71 and a 52 week high of $64.38. The stock has a 50-day moving average of $58.72 and a 200-day moving average of $60.6. The company has a market cap of $39.026 billion and a price-to-earnings ratio of 19.25. The TJX Companies also was the target of some unusual options trading activity on Monday. Stock investors purchased 3,954 put options on the company. This represents an increase of approximately 470% compared to the average volume of 694 put options.
The TJX Companies (NYSE:TJX) last released its earnings data on Tuesday, May 20th. The company reported $0.64 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.67 by $0.03. The company had revenue of $6.49 billion for the quarter, compared to the consensus estimate of $6.60 billion. During the same quarter last year, the company posted $0.62 earnings per share. The TJX Companies’s revenue was up 4.9% compared to the same quarter last year. Analysts expect that The TJX Companies will post $3.15 EPS for the current fiscal year.
TJX has been the subject of a number of other recent research reports. Analysts at Nomura reiterated a “buy” rating on shares of The TJX Companies in a research note on Wednesday. They now have a $65.00 price target on the stock, down previously from $67.00. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of The TJX Companies in a research note on Wednesday. They now have a $62.00 price target on the stock, down previously from $69.00. Finally, analysts at MKM Partners cut their price target on shares of The TJX Companies from $68.00 to $63.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Nine equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The TJX Companies presently has an average rating of “Buy” and a consensus price target of $62.30.
The TJX Companies, Inc (NYSE:TJX) is the off-price apparel and home fashions retailer in the United States and worldwide.
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