TJX Companies (NYSE:TJX – Get Free Report) had its price objective raised by equities researchers at JPMorgan Chase & Co. from $173.00 to $174.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the apparel and home fashions retailer’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 15.18% from the stock’s previous close.
TJX has been the subject of several other research reports. Argus upgraded shares of TJX Companies to a “strong-buy” rating in a report on Tuesday, March 3rd. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. BTIG Research reiterated a “buy” rating and issued a $185.00 target price (up from $165.00) on shares of TJX Companies in a report on Thursday, February 26th. UBS Group reiterated a “buy” rating on shares of TJX Companies in a report on Wednesday, March 4th. Finally, Telsey Advisory Group increased their target price on shares of TJX Companies from $170.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, February 26th. Three investment analysts have rated the stock with a Strong Buy rating and twenty-three have given a Buy rating to the company’s stock. According to MarketBeat.com, TJX Companies presently has an average rating of “Buy” and an average target price of $167.95.
Read Our Latest Analysis on TJX Companies
TJX Companies Stock Up 2.5%
TJX Companies (NYSE:TJX – Get Free Report) last issued its quarterly earnings data 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 analysts’ expectations of $17.36 billion. During the same period last year, the business earned $1.23 EPS. The business’s revenue was up 8.5% on a year-over-year basis. 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. As a group, equities analysts expect that TJX Companies will post 5.06 earnings per share for the current fiscal year.
Insider Transactions at TJX Companies
In related news, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer owned 479,316 shares in the company, valued at approximately $77,145,910.20. This trade represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.13% of the company’s stock.
Institutional Trading of TJX Companies
A number of large investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its stake in shares of TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock worth $1,817,000 after purchasing an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of TJX Companies by 12.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock worth $262,000 after purchasing an additional 235 shares in the last quarter. Bison Wealth LLC increased its stake in shares of TJX Companies by 32.9% in the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock worth $466,000 after purchasing an additional 955 shares in the last quarter. United Bank increased its stake in shares of TJX Companies by 7.6% in the second quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer’s stock worth $2,013,000 after purchasing an additional 1,155 shares in the last quarter. Finally, Schnieders Capital Management LLC. purchased a new position in shares of TJX Companies in the second quarter worth about $244,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than TJX Companies
- Consumer-Driven Stocks Boost Buybacks, Including Visa’s $20B Plan
- Iran Ceasefire Trade: 3 Energy Stocks to Own if Oil Falls to $80
- Willing and Abel: Berkshire’s New CEO Makes Huge Portfolio Changes in Q1
- Insider Buying Says Upstart Isn’t Down for the Count
Receive News & Ratings for TJX Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TJX Companies and related companies with MarketBeat.com's FREE daily email newsletter.
