TJX Companies (NYSE: TJX)‘s stock had its “neutral” rating reiterated by Zacks in a research note issued to investors on Monday. They currently have a $47.00 price target on the stock.
Zacks‘ analyst wrote, “The TJX Companies’ adjusted earnings of $0.82 per share in the fourth quarter of fiscal 2013 beat the Zacks Consensus Estimate by a penny. Earnings exceeded the year-ago figure by 32% on the back of strong comparable sales in all its stores. Same store sales climbed 7% on the back of higher customer traffic in the U.S., Canada and Europe. Well-chosen stocks at the stores improved customer traffic during the period. Moreover, the company also increased its earnings guidance for fiscal 2013. We are also encouraged by the company’s foray into e-commerce through its acquisition of Sierra Trading. The company consistently performs well in Europe and North America in spite of the ongoing economic challenges which have resulted in shift in consumer spending from high priced branded products to the low priced items offered by the discount stores. However rising input costs and lack of international presence remain persistent overhangs. We are Neutral on the stock.”
A number of other firms have also recently commented on TJX. Analysts at Sterne Agee initiated coverage on shares of TJX Companies in a research note to investors on Monday. They set a “buy” rating and a $50.00 price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of TJX Companies from $46.00 to $47.00 in a research note to investors on Thursday. They now have a “hold” rating on the stock. Finally, analysts at MKM Partners raised their price target on shares of TJX Companies from $50.00 to $54.00 in a research note to investors on Thursday. They now have a “buy” rating on the stock.
Twelve investment analysts have rated the stock with a buy rating, four have issued an overweight rating, and thirteen have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “overweight” and a consensus target price of $49.48.
TJX Companies traded up 0.44% on Monday, hitting $45.18. TJX Companies has a 1-year low of $36.68 and a 1-year high of $46.67. The stock’s 50-day moving average is currently $44.83. The company has a market cap of $33.339 billion and a price-to-earnings ratio of 17.64.
TJX Companies last announced its earnings results on Wednesday, February 27th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.81 by $0.01. The company had revenue of $7.70 billion for the quarter, compared to the consensus estimate of $7.65 billion. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 15.1% on a year-over-year basis. TJX Companies has set its Q1 guidance at $0.59-0.62 EPS and its FY14 guidance at $2.66-2.78 EPS. Analysts expect that TJX Companies will post $2.81 EPS for the current fiscal year.
The TJX Companies, Inc. (TJX) is the off-price apparel and home fashions retailer in the United States and worldwide.
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