Morgan Stanley Keeps Their Buy Rating on TJX Companies (TJX)

By Jason Carr

In a report issued on December 6, Kimberly Greenberger from Morgan Stanley maintained a Buy rating on TJX Companies (TJXResearch Report), with a price target of $62.00. The company’s shares closed last Monday at $59.84, close to its 52-week high of $61.69.

According to TipRanks.com, Greenberger is a 5-star analyst with an average return of 11.6% and a 69.5% success rate. Greenberger covers the Services sector, focusing on stocks such as Burlington Stores, Urban Outfitters, and Capri Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TJX Companies with a $66.25 average price target, a 10.3% upside from current levels. In a report issued on December 4, Guggenheim also maintained a Buy rating on the stock.

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TJX Companies’ market cap is currently $72.57B and has a P/E ratio of 23.52. The company has a Price to Book ratio of 12.99.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TJX in relation to earlier this year. Last month, Carol Meyrowitz, the EC of TJX sold 87,240 shares for a total of $5,274,530.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

The TJX Cos., Inc. engages in the retail of off-price apparel and home fashion products. It operates through the following segments: Marmaxx, HomeGoods, TJX Canada, and TJX International.