TJX Companies (NYSE:TJX) Stock Bumped Down to “Hold” by Gordon Haskett

TJX Companies (NYSE:TJX) was downgraded by equities research analysts at Gordon Haskett from an “accumulate” rating to a “hold” rating in a note issued to investors on Friday, Briefing.com reports. They presently have a $130.00 price objective on the apparel and home fashions retailer’s stock. Gordon Haskett‘s price objective would suggest a potential downside of 4.38% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Wells Fargo & Company lowered their price objective on TJX Companies from $160.00 to $140.00 and set an “equal weight” rating on the stock in a report on Thursday, August 20th. Morgan Stanley set a $178.00 target price on TJX Companies and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Weiss Ratings reissued a “buy (b)” rating on shares of TJX Companies in a research note on Monday, October 19th. Jefferies Financial Group cut TJX Companies from a “buy” rating to a “hold” rating and reduced their price target for the company from $180.00 to $145.00 in a report on Wednesday, August 26th. Finally, Cantor Fitzgerald initiated coverage on TJX Companies in a research note on Tuesday. They issued a “neutral” rating and a $139.00 price target on the stock. Twenty research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and an average price target of $170.83.

TJX Companies Stock Down 0.4%

Shares of NYSE TJX opened at $135.95 on Friday. The business has a 50-day moving average price of $136.08 and a 200 day moving average price of $150.45. The stock has a market cap of $149.54 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 2.58 and a beta of 0.58. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. TJX Companies has a 52-week low of $122.78 and a 52-week high of $170.00.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. The company had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. TJX Companies’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 earnings per share. 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. Equities research analysts forecast that TJX Companies will post 5.22 earnings per share for the current year.

Hedge Funds Weigh In On TJX Companies

Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in TJX Companies in the second quarter valued at approximately $16,489,926,000. State Street Corp increased 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 last quarter. Bank of America Corp DE purchased a new position in TJX Companies during the second quarter worth approximately $3,511,553,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in TJX Companies by 7.6% during 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 during the period. Finally, Bank of New York Mellon Corp purchased a new position in TJX Companies during the second quarter worth approximately $1,598,731,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Company Profile

The TJX Companies, Inc. is an off-price retailer that sells apparel, footwear, accessories, home furnishings and other merchandise through stores and e-commerce sites. Its buying approach focuses on offering brand-name and designer goods at prices generally below those of traditional retailers. The company operates retail chains including TJ Maxx, Marshalls, HomeGoods and Sierra in the United States; Winners, HomeSense and Marshalls in Canada; and TK Maxx and Homesense in Europe. Its stores carry a changing selection of products across categories such as clothing, home décor, furniture, beauty and outdoor gear.