TJX Companies (NYSE:TJX) Receives Outperform Rating from Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of TJX Companies (NYSE:TJX) in a research report report published on Wednesday morning,Benzinga reports. Telsey Advisory Group currently has a $155.00 price target on the apparel and home fashions retailer’s stock.

TJX has been the subject of a number of other reports. JPMorgan Chase & Co. increased their price target on shares of TJX Companies from $148.00 to $149.00 and gave the company an “overweight” rating in a research report on Monday, October 6th. Barclays increased their target price on shares of TJX Companies from $147.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. UBS Group reissued a “buy” rating and issued a $172.00 price target on shares of TJX Companies in a report on Tuesday, November 4th. Sanford C. Bernstein raised their price objective on TJX Companies from $145.00 to $152.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $170.00 target price on shares of TJX Companies in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $151.75.

TJX Companies Trading Down 0.7%

TJX stock traded down $1.09 during midday trading on Wednesday, reaching $146.54. The company’s stock had a trading volume of 2,846,756 shares, compared to its average volume of 5,171,933. The business’s 50-day simple moving average is $142.09 and its 200-day simple moving average is $133.22. The stock has a market cap of $163.09 billion, a PE ratio of 33.38, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90. TJX Companies has a 52 week low of $112.10 and a 52 week high of $148.11. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.09. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The business had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period last year, the company earned $0.96 EPS. The firm’s revenue was up 6.9% on a year-over-year basis. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. As a group, sell-side analysts expect that TJX Companies will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm 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. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.70 dividend on an annualized basis and a yield of 1.2%. TJX Companies’s dividend payout ratio (DPR) is 38.72%.

Hedge Funds Weigh In On TJX Companies

Several hedge funds have recently modified their holdings of TJX. McGowan Group Asset Management Inc. bought a new position in TJX Companies in the third quarter valued at approximately $230,000. BOKF NA raised its position in TJX Companies by 9.1% during the third quarter. BOKF NA now owns 88,296 shares of the apparel and home fashions retailer’s stock worth $12,762,000 after acquiring an additional 7,328 shares in the last quarter. Tortoise Investment Management LLC raised its position in TJX Companies by 92.9% during the third quarter. Tortoise Investment Management LLC now owns 245 shares of the apparel and home fashions retailer’s stock worth $35,000 after acquiring an additional 118 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of TJX Companies by 247.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 208,375 shares of the apparel and home fashions retailer’s stock valued at $30,119,000 after acquiring an additional 148,437 shares during the period. Finally, SageView Advisory Group LLC increased its stake in shares of TJX Companies by 7.8% during the 3rd quarter. SageView Advisory Group LLC now owns 18,546 shares of the apparel and home fashions retailer’s stock worth $2,681,000 after purchasing an additional 1,348 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

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.