Nomura Sticks to Its Buy Rating for TJX Companies


In a report released today, Simeon Siegel from Nomura maintained a Buy rating on TJX Companies (NYSE: TJX), with a price target of $100. The company’s shares closed on Friday at $90.42, close to its 52-week high of $91.24.

According to TipRanks.com, Siegel is a 3-star analyst with an average return of 4.1% and a 56.6% success rate. Siegel covers the Services sector, focusing on stocks such as Lululemon Athletica Inc, Signet Jewelers Limited, and Michael Kors.

Currently, the analyst consensus on TJX Companies is Strong Buy and the average price target is $96.29, representing a 6.5% upside.

In a report issued on May 22, Guggenheim also assigned a Buy rating to the stock with a $96 price target.

See today’s analyst top recommended stocks >>

Based on TJX Companies’ latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of $716 million. In comparison, last year the company had a net profit of $536 million.

Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. Last month, Ernie Herrman, the CEO & President of TJX sold 27,000 shares for a total of $2,381,940.

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 Europe.

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