TJX Companies (NYSE:TJX) Hits New 12-Month High on Better-Than-Expected Earnings

Shares of The TJX Companies, Inc. (NYSE:TJX) hit a new 52-week high on Wednesday following a stronger than expected earnings report. The company traded as high as $150.35 and last traded at $145.4370, with a volume of 128933 shares traded. The stock had previously closed at $145.58.

The apparel and home fashions retailer reported $1.28 EPS for the quarter, beating the consensus estimate of $1.22 by $0.06. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.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 firm posted $1.14 earnings per share. The business’s quarterly revenue 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.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. TJX Companies’s payout ratio is currently 38.72%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. BTIG Research started coverage on TJX Companies in a research report on Tuesday, October 14th. They issued a “buy” rating and a $165.00 target price on the stock. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of TJX Companies in a research note on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on shares of TJX Companies from $148.00 to $149.00 and gave the stock an “overweight” rating in a research report on Monday, October 6th. Bank of America lifted their price target on shares of TJX Companies from $145.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Finally, Morgan Stanley increased their price objective on shares of TJX Companies from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $151.75.

Institutional Trading of TJX Companies

Several institutional investors and hedge funds have recently bought and sold shares of TJX. Lavaca Capital LLC acquired a new position in TJX Companies in the second quarter worth $25,000. TCTC Holdings LLC grew its position in shares of TJX Companies by 210.1% during 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 raised its stake in TJX Companies by 102.2% during the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock worth $26,000 after acquiring an additional 92 shares during the period. GGM Financials LLC bought a new position in TJX Companies in the third quarter worth about $27,000. Finally, Imprint Wealth LLC acquired a new position in TJX Companies in the third quarter valued at approximately $27,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Price Performance

The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52. The company has a fifty day moving average price of $142.54 and a 200 day moving average price of $133.76. The company has a market capitalization of $162.08 billion, a P/E ratio of 33.29, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90.

TJX Companies Company Profile

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.