TJX Companies (NYSE:TJX) Stock Price Down 1.4% – Time to Sell?

The TJX Companies, Inc. (NYSE:TJX)’s stock price dropped 1.4% during mid-day trading on Thursday . The company traded as low as $155.69 and last traded at $155.7440. Approximately 3,659,014 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 5,532,277 shares. The stock had previously closed at $157.88.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Robert W. Baird set a $168.00 price objective on TJX Companies in a research report on Wednesday, December 17th. Citigroup reaffirmed a “buy” rating and set a $168.00 target price (up from $160.00) on shares of TJX Companies in a report on Thursday, November 20th. Deutsche Bank Aktiengesellschaft set a $184.00 price target on shares of TJX Companies in a report on Thursday, January 8th. Weiss Ratings restated a “buy (b+)” rating on shares of TJX Companies in a research report on Wednesday, January 21st. Finally, UBS Group reaffirmed a “buy” rating on shares of TJX Companies in a report on Wednesday, March 4th. Three analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $167.55.

TJX Companies Trading Down 1.4%

The company has a 50 day simple moving average of $155.50 and a 200 day simple moving average of $149.09. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14. The company has a market capitalization of $172.95 billion, a PE ratio of 31.91, a price-to-earnings-growth ratio of 3.67 and a beta of 0.73.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.05. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The business had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.36 billion. During the same quarter last year, the business posted $1.23 earnings per share. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. TJX Companies has set its FY 2027 guidance at 4.930-5.020 EPS and its Q1 2027 guidance at 0.970-0.990 EPS. Analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the sale, the chief executive officer owned 479,316 shares of the company’s stock, valued at $77,145,910.20. The trade was a 5.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TJX Companies

A number of hedge funds have recently modified their holdings of TJX. Farmers National Bank lifted its stake in TJX Companies by 35.9% in the 4th quarter. Farmers National Bank now owns 5,756 shares of the apparel and home fashions retailer’s stock worth $884,000 after purchasing an additional 1,522 shares in the last quarter. Nalls Sherbakoff Group LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $72,000. Meadowbrook Advisors Group LLC acquired a new stake in shares of TJX Companies in the fourth quarter valued at approximately $1,727,000. Larry Mathis Financial Planning LLC purchased a new position in TJX Companies during the fourth quarter worth approximately $467,000. Finally, Advisortrust Partners LLC acquired a new position in TJX Companies during the fourth quarter worth $302,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Company Profile

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.