TJX Companies (NYSE:TJX) Trading 2.3% Higher – Still a Buy?

The TJX Companies, Inc. (NYSE:TJX) shares traded up 2.3% during mid-day trading on Tuesday . The company traded as high as $153.02 and last traded at $152.3390. 5,600,659 shares changed hands during trading, an increase of 5% from the average session volume of 5,313,003 shares. The stock had previously closed at $148.86.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TJX. Citigroup restated a “buy” rating and set a $168.00 target price (up from $160.00) on shares of TJX Companies in a research report on Thursday, November 20th. Sanford C. Bernstein boosted their price objective on shares of TJX Companies from $152.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, November 20th. UBS Group increased their target price on shares of TJX Companies from $172.00 to $181.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Cowen reissued a “buy” rating on shares of TJX Companies in a report on Thursday, November 20th. Finally, Wells Fargo & Company restated a “market perform” rating and issued a $145.00 price objective (up previously from $140.00) on shares of TJX Companies in a research report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $158.90.

TJX Companies Price Performance

The company has a market cap of $169.54 billion, a P/E ratio of 34.70, a P/E/G ratio of 3.14 and a beta of 0.90. The company’s 50-day moving average price is $143.20 and its 200-day moving average price is $134.32. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The firm had revenue of $15.12 billion during the quarter, compared to analyst estimates of $14.80 billion. During the same period in the prior year, the business earned $1.14 EPS. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. TJX Companies has set its Q4 2026 guidance at 1.330-1.360 EPS. FY 2026 guidance at 4.630-4.660 EPS. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies’s dividend payout ratio (DPR) is currently 37.53%.

Insider Activity at TJX Companies

In other news, Director Amy B. Lane sold 500 shares of the business’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $151.40, for a total value of $75,700.00. Following the sale, the director owned 22,212 shares of the company’s stock, valued at $3,362,896.80. The trade was a 2.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Ernie Herrman sold 24,363 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of $151.31, for a total transaction of $3,686,365.53. Following the completion of the transaction, the chief executive officer directly owned 510,780 shares of the company’s stock, valued at approximately $77,286,121.80. This trade represents a 4.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 54,863 shares of company stock worth $8,226,366 in the last 90 days. Company insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On TJX Companies

A number of large investors have recently modified their holdings of TJX. Lavaca Capital LLC bought a new position in TJX Companies in the second quarter valued at approximately $25,000. TCTC Holdings LLC boosted its holdings in shares of TJX Companies by 210.1% in the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock valued at $26,000 after buying an additional 145 shares during the last quarter. Dogwood Wealth Management LLC grew its stake in shares of TJX Companies by 102.2% in the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock valued at $26,000 after buying an additional 92 shares in the last quarter. GGM Financials LLC acquired a new position in TJX Companies during the third quarter worth $27,000. Finally, Imprint Wealth LLC bought a new stake in TJX Companies during the third quarter worth $27,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.