Barclays Capital (BCS) Analysts Upgrade TJX Companies Inc (TJX) Shares to "Overweight"
Monday, July 11, 2021 10:10 AM

Equities research analysts at Barclays Capital (NYSE: BCS) upgraded shares of TJX Companies Inc (NYSE: TJX) from an "equal weight" rating to an "overweight" rating in a research note to investors on Monday. The analysts currently have a $64.00 price target on the stock.

Separately, analysts at Miller Tabak raised their price target on shares of TJX Companies Inc to $60.00 in a research note to investors on Friday. Also, analysts at Citigroup (NYSE: C) upgraded shares of TJX Companies Inc from a "sell" rating to a "hold" rating in a research note to investors on Friday. They now have a $56.00 price target on the stock.

Shares of TJX Companies Inc traded up 0.71% during mid-day trading on Tuesday, hitting $55.55. TJX Companies Inc has a 52 week low of $39.56 and a 52 week high of $54.94. The stock's 50-day moving average is $52.69 and its 200-day moving average is $48.69. The company has a market cap of $21.448 billion and a price-to-earnings ratio of 17.33.

TJX Companies Inc last announced its quarterly results on Tuesday, May 17th. The company reported $0.78 earnings per share (EPS) for the previous quarter, missing the Thomson Reuters consensus estimate of $0.80 EPS by $0.02. During the same quarter in the prior year, the company posted $0.80 earnings per share. The company’s quarterly revenue was up 4.10% on a year-over-year basis. On average, analysts predict that TJX Companies Inc will post $1.06 EPS next quarter.

The TJX Companies, Inc. (TJX) is an off-price apparel and home fashions. The Company operates in five business segments: three in the United States and one in each of Canada and Europe. Each of its segments has its own administrative, buying and merchandising organization and distribution network. Of its United States-based stores, T.J. Maxx and Marshalls, referred to as Marmaxx, are managed together and reported as a single segment, and A.J. Wright and HomeGoods each is reported as a separate segment. Outside the United States, its chains in Canada are managed together, and its chains in Europe are managed together. Thus, Canada is reported as a segment and Europe is reported as a segment.

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