TJX Companies Receives a Hold from Jefferies

By Carrie Williams

Jefferies analyst Randal Konik reiterated a Hold rating on TJX Companies (NYSE: TJX) yesterday and set a price target of $77. The company’s shares closed yesterday at $73.49.

Konik said:

“TJX posted yet another strong quarter, with SSS and GM both exceeding cons. While 4Q was guided below cons., we believe this is mgmt’s typically conservative stance. That said, we remain on the sidelines, as we expect margins to contract off peak levels as wages increase and LT investments continue, and valuation remains full.”

According to, Konik is a 4-star analyst with an average return of 2.2% and a 49.8% success rate. Konik covers the Services sector, focusing on stocks such as Eros International, Abercrombie Fitch, and ClubCorp Holdings.

TJX Companies has an analyst consensus of Strong Buy, with a price target consensus of $83.17.

TJX Companies’ market cap is currently $48.26B and has a P/E ratio of 21.30. The company has a book value ratio of 10.8409.

Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is neutral on the stock. Most recently, in June 2016, Carol Meyrowitz, the Chairman & CEO – TJX of TJX sold 127,929 shares for a total of $9,754,690.

The TJX Cos., Inc. operates as an off-price apparel and home fashions retailer in the United States and worldwide. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX Europe. The Marmaxx segment sells family apparel including footwear and accessories, home fashions including home basics, accent furniture, lamps, rugs, wall décor, decorative accessories, giftware, and other merchandise. The HomeGoods segment offers home basics, giftware, accent furniture, lamps, rugs, wall décor, and decorative accessories. The TJX Canada segment operates the Winners, Marshalls, and HomeSense chains in Canada. The TJX Europe segment operates T.K. Maxx and HomeSense chains in Europe. The company was founded by Stanley Harris Feldberg and Sumner L. Feldberg in 1956 and is headquartered in Framingham, MA.