Research analysts at MKM Partners increased their target price on shares of TJX Companies (NYSE: TJX) from $44.00 to $46.00 in a report released on Friday. The firm currently has a “buy” rating on the stock.
Shares of TJX Companies traded up 0.98% during mid-day trading on Friday, hitting $42.15. TJX Companies has a 52 week low of $24.60 and a 52 week high of $42.56. The company has a market cap of $31.473 billion and a P/E ratio of 21.63.
TJX Companies last announced its earnings results on Wednesday, February 22nd. The company reported $0.62 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.62. The company’s quarterly revenue was up 6.0% on a year-over-year basis. On average, analysts predict that TJX Companies will post $0.51 earnings per share next quarter.
A number of other analysts have also recently weighed in on TJX. Analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of TJX Companies in a research note to investors on Monday, April 9th. Separately, analysts at FBR Capital (NASDAQ: FBCM) raised their price target on shares of TJX Companies from $42.00 to $47.00 in a research note to investors on Monday, April 9th. They now have an “outperform” rating on the stock. Finally, analysts at Northcoast Research downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, April 3rd.
The TJX Companies, Inc. (TJX) is an off-price apparel and home fashions retailer in the United States and worldwide.