Price Target Update on TJX Companies (The) (NYSE:TJX)

TJX Companies (The) (NYSE:TJX) : The highest level TJX Companies (The) (NYSE:TJX) is projected to reach is $90 for the short term and the lowest estimate is at $77. The consolidated price target from 16 rating analysts who initiate coverage on the stock is $83.56 and the possibility the share price can swing is $3.39.

Other Equity analysts have also commented on the company shares. In the latest statement by the brokerage house, Bernstein maintains its outlook on TJX Companies (The) (NYSE:TJX). The current rating of the shares is Outperform, according to the research report released by the firm. The brokerage firm raises the price target from $82 per share to $83 per share. The rating by the firm was issued on May 18, 2016.

TJX Companies (The) (NYSE:TJX): On Thursdays trading session , Opening price of the stock was $77.65 with an intraday high of $77.87. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $76.6. However, the stock managed to close at $76.88, a loss of 0.19% for the day. On the previous day, the stock had closed at $77.03. The total traded volume of the day was 2,115,260 shares.

The company shares have rallied 14.47% from its 1 Year high price. On Apr 4, 2016, the shares registered one year high at $79.20 and the one year low was seen on Nov 16, 2015. The 50-Day Moving Average price is $76.01 and the 200 Day Moving Average price is recorded at $73.98. On the companys insider trading activities, The director, of Tjx Companies Inc /De/, Alvarez Jose B had unloaded 1,158 shares at $76.51 per share in a transaction on June 15, 2016. The total value of transaction was $88,599. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

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 3,461 stores in countries, including the United States, Canada, the United Kingdom, Ireland, Germany, Poland, Austria and Australia.

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