Analysts: The TJX Companies, Inc. (NYSE:TJX) stock is worth $83.84

The TJX Companies, Inc. (TJX) up 0.71 per cent in the past week, is under coverage of 31 analysts who collectively recommend a buy rating on stock. 25 of the analysts have a buy or better rating; the 0 sells versus 0 underperforms. The 25 equity analysts who rate the stock have an average target price at $83.84, with individual targets ranging between $70 and $90. The shares closed last trade at $76.97, implying that analysts see shares rising about 8.93 per cent in 12 months’ time.

Insider Activity: Insiders look pessimistic about the prospects of the company that they seem to offload shares while they are 9.25 up so far this year. A Executive Chairman at The TJX Companies, Inc. (TJX) sold shares in the company in a transaction completed on Wednesday June 01, 2016. Meyrowitz Carol offloaded 64,160 shares in the company at an average price of $76.56 and ended up generating $4,912,090 in proceeds. Meyrowitz Carol retains 336,231 shares in the company after this transaction. A CEO & President in the company, Herrman Ernie, on Tuesday May 24, 2016 collected $1,868,110 from the sale of 24,776 shares at $76.56 each. Insiders are expected to know better about the health and prospects of their company, which is why insiders’ move deserves attention.

Earnings to Watch: Investors considering TJX stock at the going market price of $76.97/share should know the stock will next release quarterly results for the July 2016 quarter. For the reporting quarter, analysts expect the company to deliver $0.81 in earnings per share (EPS). That would represent a 1.25% year-over-year increase. Revenue for the same period is expected to arrive at $7.85B.

Earnings Roundup: In the last fiscal quarter alone, The TJX Companies, Inc. generated around $7.54B in revenue and net income of $0.76/share. That compares with the consensus estimate $7.29B and $0.71/share, respectively. For the prior quarter revenue for the company hit $8.96B, with earnings at $0.99/share.

Analyst Coverage: Wolfe Research has been a brokerage house following shares of The TJX Companies, Inc. (TJX), so its rating change is noteworthy. The stock was initiated at Outperform, wrote analysts at Wolfe Research, in a note issued to clients on Tuesday February 02, 2016. There was another key note issued by BB&T Capital Mkts on Thursday December 17, 2015. The firm launched coverage on TJX at Buy.

Price Momentum: Despite the -0.44% decrease in value, the stock’s new closing price represents a -2.49% fall in value from company’s one year high of $79.2. The stock is currently holding above its 50 day moving average of $0.85 and above its 200 day moving average of $76.17. Over the last three months and over the last six months, the shares of The TJX Companies, Inc. (TJX), have changed 6.19% and 73.64%, respectively.