TJX Companies (NYSE:TJX – Get Free Report) was downgraded by equities research analysts at Erste Group Bank from a “buy” rating to a “hold” rating in a report issued on Wednesday.
Other equities analysts have also issued reports about the stock. Barclays reaffirmed an “overweight” rating and issued a $190.00 price objective (up from $183.00) on shares of TJX Companies in a research report on Thursday, May 21st. BTIG Research lifted their price objective on shares of TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Citigroup reissued a “buy” rating and issued a $182.00 target price (up from $168.00) on shares of TJX Companies in a research report on Thursday, May 21st. Sanford C. Bernstein restated an “outperform” rating on shares of TJX Companies in a research note on Thursday, May 21st. Finally, Weiss Ratings upgraded TJX Companies from a “buy (b)” rating to a “buy (b+)” rating in a research note on Monday, July 6th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, TJX Companies currently has an average rating of “Buy” and an average target price of $176.89.
View Our Latest Stock Report on TJX
TJX Companies Stock Up 0.4%
TJX Companies (NYSE:TJX – Get Free Report) last released its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The business had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. During the same period in the previous year, the company earned $0.92 earnings per share. The business’s revenue for the quarter was up 9.2% on a year-over-year basis. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. On average, sell-side analysts expect that TJX Companies will post 5.17 EPS for the current year.
Insiders Place Their Bets
In other news, Chairman Carol Meyrowitz sold 55,624 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the completion of the sale, the chairman owned 201,496 shares of the company’s stock, valued at $32,974,820.40. The trade was a 21.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ernie Herrman sold 29,549 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $157.46, for a total value of $4,652,785.54. Following the sale, the chief executive officer owned 552,850 shares of the company’s stock, valued at approximately $87,051,761. This trade represents a 5.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 130,367 shares of company stock worth $20,959,476. Corporate insiders own 0.15% of the company’s stock.
Hedge Funds Weigh In On TJX Companies
A number of institutional investors have recently bought and sold shares of TJX. BayBridge Capital Group LLC raised its position in shares of TJX Companies by 1.1% during the 2nd quarter. BayBridge Capital Group LLC now owns 12,161 shares of the apparel and home fashions retailer’s stock valued at $1,842,000 after buying an additional 136 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of TJX Companies by 6.7% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 68,821 shares of the apparel and home fashions retailer’s stock worth $10,426,000 after purchasing an additional 4,338 shares during the period. Accurate Wealth Management LLC increased its position in shares of TJX Companies by 12.1% during the 2nd quarter. Accurate Wealth Management LLC now owns 7,876 shares of the apparel and home fashions retailer’s stock worth $1,192,000 after purchasing an additional 847 shares during the last quarter. QRG Capital Management Inc. lifted its position in TJX Companies by 6.8% in the second quarter. QRG Capital Management Inc. now owns 323,830 shares of the apparel and home fashions retailer’s stock valued at $49,060,000 after buying an additional 20,517 shares during the last quarter. Finally, Hendley & Co. Inc. increased its position in shares of TJX Companies by 566.4% during the second quarter. Hendley & Co. Inc. now owns 22,591 shares of the apparel and home fashions retailer’s stock valued at $3,423,000 after acquiring an additional 19,201 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.
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.
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