The TJX Companies, Inc. (TJX) – What Are Researchers Thinking About This Stock?

Shares of The TJX Companies, Inc. (NYSE:TJX) have earned an average recommendation of “Moderate Buy” from the twenty-four ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and twenty-one have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $174.86.

Several analysts have issued reports on the company. Gordon Haskett restated an “accumulate” rating and issued a $155.00 price objective on shares of TJX Companies in a research note on Thursday, August 20th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of TJX Companies in a research report on Tuesday, August 25th. Evercore reiterated an “outperform” rating and set a $173.00 target price (down from $175.00) on shares of TJX Companies in a research note on Thursday, August 20th. JPMorgan Chase & Co. boosted their target price on TJX Companies from $168.00 to $171.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Finally, Morgan Stanley set a $178.00 target price on TJX Companies and gave the stock an “overweight” rating in a report on Thursday, August 20th.

Hedge Funds Weigh In On TJX Companies

Several institutional investors and hedge funds have recently modified their holdings of TJX. BlackRock Inc. bought a new stake in TJX Companies in the 2nd quarter valued at about $16,489,926,000. State Street Corp boosted its position in TJX Companies by 2.9% during the second quarter. State Street Corp now owns 49,709,223 shares of the apparel and home fashions retailer’s stock worth $7,530,947,000 after purchasing an additional 1,388,026 shares during the period. Bank of America Corp DE bought a new position in TJX Companies during the second quarter worth about $3,511,553,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of TJX Companies by 7.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,560,007 shares of the apparel and home fashions retailer’s stock worth $1,902,841,000 after purchasing an additional 883,294 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of TJX Companies in the second quarter worth about $1,598,731,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Down 0.2%

TJX Companies stock opened at $141.58 on Wednesday. The firm has a market capitalization of $155.73 billion, a PE ratio of 27.72, a P/E/G ratio of 2.56 and a beta of 0.56. The company’s 50-day moving average is $137.80 and its 200-day moving average is $150.41. TJX Companies has a fifty-two week low of $122.78 and a fifty-two week high of $170.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The company had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $15.16 billion. During the same period in the prior year, the firm earned $1.10 EPS. TJX Companies’s quarterly revenue was up 5.4% compared to the same quarter last year. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. Sell-side analysts anticipate that TJX Companies will post 5.22 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 12th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, November 12th. TJX Companies’s payout ratio is 35.49%.

About TJX Companies

The TJX Companies, Inc is an off-price retailer that sells apparel, footwear, accessories, home furnishings and other merchandise at prices generally below those of traditional department and specialty stores. Its inventory typically includes branded, designer and name-brand products purchased through opportunistic buying, including order cancellations, excess production and closeout merchandise. Product selection and pricing can vary by store and change frequently.

The company operates a portfolio of retail chains in the United States, Canada, Europe and Australia.