Barclays Sticks to Their Buy Rating for TJX Companies (TJX)

Barclays analyst Adrienne Yih maintained a Buy rating on TJX Companies (TJXResearch Report) on August 5 and set a price target of $72.00. The company’s shares closed last Friday at $62.82.

Yih covers the Consumer Goods sector, focusing on stocks such as American Eagle, Burlington Stores, and Dick’s Sporting Goods. According to TipRanks, Yih has an average return of 0.6% and a 43.63% success rate on recommended stocks.

Currently, the analyst consensus on TJX Companies is a Strong Buy with an average price target of $75.27, a 19.82% upside from current levels. In a report released on July 25, J.P. Morgan also maintained a Buy rating on the stock with a $71.00 price target.

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The company has a one-year high of $77.35 and a one-year low of $53.69. Currently, TJX Companies has an average volume of 6.91M.

Based on the recent corporate insider activity of 42 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.

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 Companies, Inc. is a leading off-price retailer of apparel and home fashion products. It operates T.J. Maxx and Marshalls (Marmaxx), HomeGoods, Sierra, and Homesense, as well as tjmaxx.com, marshalls.com, and sierra.com, in the U.S.; Winners, HomeSense, and Marshalls (TJX Canada) in Canada; and T.K. Maxx in the U.K., Ireland, Germany, Poland, Austria, the Netherlands, and Australia, as well as Homesense in the U.K. and Ireland, and tkmaxx.com in the U.K. (TJX International).

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