Guggenheim Believes TJX Companies (TJX) Still Has Room to Grow


In a report released today, Robert Drbul from Guggenheim maintained a Buy rating on TJX Companies (NYSE: TJX). The company’s shares closed yesterday at $110.34, close to its 52-week high of $113.28.

According to TipRanks.com, Drbul is a top 100 analyst with an average return of 18.0% and a 76.8% success rate. Drbul covers the Services sector, focusing on stocks such as National Vision Holdings Inc, Ascena Retail Group, and Wal-Mart Stores Inc.

TJX Companies has an analyst consensus of Moderate Buy, with a price target consensus of $114.73, implying a 4.0% upside from current levels. In a report issued on September 26, D.A. Davidson also initiated coverage with a Buy rating on the stock with a $130 price target.

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TJX Companies’ market cap is currently $68.5B and has a P/E ratio of 23.63. The company has a Price to Book ratio of 13.10.

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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 Europe.

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