Bank of America Securities Sticks to Their Buy Rating for TJX Companies (TJX)

Bank of America Securities analyst Lorraine Hutchinson maintained a Buy rating on TJX Companies (TJX – Research Report) today. The company’s shares opened today at $128.31.

Stay Ahead of the Market:

• Discover outperforming stocks and invest smarter with Top Smart Score Stocks.
• Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener.

According to TipRanks, Hutchinson is a 4-star analyst with an average return of 3.6% and a 50.60% success rate. Hutchinson covers the Consumer Cyclical sector, focusing on stocks such as Bath & Body Works, TJX Companies, and Urban Outfitters.

Currently, the analyst consensus on TJX Companies is a Strong Buy with an average price target of $141.59, implying a 10.35% upside from current levels. In a report released today, Telsey Advisory also maintained a Buy rating on the stock with a $145.00 price target.

TJX market cap is currently $140.8B and has a P/E ratio of 29.59.

Based on the recent corporate insider activity of 50 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, Ernie Herrman, the CEO & President of TJX sold 18,000.00 shares for a total of $2,097,600.00.