Morgan Stanley Sticks to Their Buy Rating for TJX Companies (TJX)

Morgan Stanley analyst Kimberly Greenberger maintained a Buy rating on TJX Companies (TJXResearch Report) today and set a price target of $75.00. The company’s shares closed last Monday at $61.68.

According to TipRanks.com, Greenberger is a 3-star analyst with an average return of 1.3% and a 53.2% success rate. Greenberger covers the Consumer Goods sector, focusing on stocks such as Lululemon Athletica, Burlington Stores, and Bath & Body Works.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for TJX Companies with a $76.71 average price target, representing a 25.7% upside. In a report issued on July 12, Jefferies also maintained a Buy rating on the stock with a $90.00 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 7.17M.

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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