TJX Companies Inc (TJX) is Reiterated by Wedbush to Outperform, Raises Price Target to $ 84

TJX Companies Inc (TJX) was Reiterated by Wedbush to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 84 from a previous price target of $82 . Wedbush advised their investors in a research report released on Aug 17, 2016.

Many Wall Street Analysts have commented on TJX Companies Inc. Miller Tabak Initiated TJX Companies Inc on Jun 24, 2016 to “Buy”, Price Target of the shares are set at $91.

On the company’s financial health, TJX Companies Inc reported $0.84 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Aug 16, 2016. Analyst had a consensus of $0.81. The company had revenue of $7882.00 million for the quarter, compared to analysts expectations of $7842.87 million. The company’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.

TJX Companies Inc closed down -0.1 points or -0.12% at $82.77 with 55,54,240 shares getting traded on Monday. Post opening the session at $83.64, the shares hit an intraday low of $82.395 and an intraday high of $83.64 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jun 16, 2016, Jose B Alvarez (director) sold 1,158 shares at $76.51 per share price. According to the SEC, on Jun 2, 2016, Carol Meyrowitz (Executive Chairman) sold 64,160 shares at $76.56 per share price. On May 26, 2016, Ernie Herrman (CEO & President) sold 24,776 shares at $75.40 per share price, according to the Form-4 filing with the securities and exchange commission.

The TJX Companies Inc. (TJX) is an off-price apparel and home fashions. The Company operates through four segments: Marmaxx HomeGoods TJX Canada and TJX Europe. The Marmaxx and HomeGoods business offers family apparel home fashions accent furniture lamps rugs wall decor decorative accessories and giftware and other merchandise. The TJX Canada offers jewelry and home fashions. TJX Europe operates the T.K. Maxx and HomeSense chains in Europe. The Company operates approximately 3461 stores in countries including the United States Canada the United Kingdom Ireland Germany Poland Austria and Australia.

TJX Companies Inc

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