Bank of America Securities Reaffirms Their Buy Rating on TJX Companies (TJX)
Bank of America Securities analyst Lorraine Hutchinson reiterated a Buy rating on TJX Companies yesterday and set a price target of $168.00.
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Hutchinson covers the Consumer Cyclical sector, focusing on stocks such as Nike, TJX Companies, and Burlington Stores. According to TipRanks, Hutchinson has an average return of 2.3% and a 52.24% success rate on recommended stocks.
In a report released on February 18, Telsey Advisory also maintained a Buy rating on the stock with a $170.00 price target.
Based on TJX Companies’ latest earnings release for the quarter ending November 1, the company reported a quarterly revenue of $15.12 billion and a net profit of $1.44 billion. In comparison, last year the company earned a revenue of $14.06 billion and had a net profit of $1.3 billion
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of TJX in relation to earlier this year.
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