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Guggenheim Sticks to Its Buy Rating for TJX Companies (TJX)

Guggenheim analyst Robert Drbul maintained a Buy rating on TJX Companies (TJXResearch Report) on August 17 and set a price target of $80.00. The company’s shares closed last Friday at $66.40.

Drbul covers the Consumer Goods sector, focusing on stocks such as Kohl’s, Nike, and Capri Holdings. According to TipRanks, Drbul has an average return of 8.0% and a 60.44% success rate on recommended stocks.

Currently, the analyst consensus on TJX Companies is a Moderate Buy with an average price target of $74.38, which is a 12.02% upside from current levels. In a report released on August 19, Barclays also maintained a Buy rating on the stock with a $76.00 price target.

See today’s best-performing stocks on TipRanks >>

TJX market cap is currently $77.8B and has a P/E ratio of 23.69.

Based on the recent corporate insider activity of 41 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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