The TJX Companies, Inc. (NYSE:TJX – Get Free Report) passed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $135.81 and traded as low as $134.69. TJX Companies shares last traded at $135.2590, with a volume of 7,159,244 shares trading hands.
Wall Street Analysts Forecast Growth
TJX has been the subject of a number of recent analyst reports. Guggenheim set a $152.00 target price on shares of TJX Companies and gave the company a “buy” rating in a research report on Monday, August 31st. JPMorgan Chase & Co. boosted their price target on shares of TJX Companies from $168.00 to $171.00 and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Bank of America reduced their price target on shares of TJX Companies from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Tuesday, October 27th. BTIG Research reiterated a “buy” rating and issued a $190.00 price objective on shares of TJX Companies in a report on Thursday, August 20th. Finally, Jefferies Financial Group lowered shares of TJX Companies from a “buy” rating to a “hold” rating and lowered their price objective for the company from $180.00 to $145.00 in a research note on Wednesday, August 26th. Twenty-one research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, TJX Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of $174.95.
Read Our Latest Stock Report on TJX
TJX Companies Stock Performance
The company has a fifty day moving average price of $135.81 and a two-hundred day moving average price of $150.77. The firm has a market cap of $148.78 billion, a price-to-earnings ratio of 25.00, a price-to-earnings-growth ratio of 2.56 and a beta of 0.58. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56.
TJX Companies (NYSE:TJX – Get Free Report) last released its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%. The firm had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same period in the previous year, the company earned $1.10 earnings per share. TJX Companies’s revenue was up 5.4% compared to the same quarter last year. 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. As a group, equities research analysts expect that The TJX Companies, Inc. will post 5.22 EPS for the current year.
TJX Companies Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 12th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Thursday, November 12th. TJX Companies’s dividend payout ratio (DPR) is presently 35.49%.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of TJX Companies during the 2nd quarter worth $16,489,926,000. State Street Corp raised its position in shares of 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 period. Bank of America Corp DE purchased a new stake in shares of TJX Companies during the second quarter valued at $3,511,553,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of 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 valued at $1,902,841,000 after purchasing an additional 883,294 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of TJX Companies during the second quarter valued at $1,598,731,000. Institutional investors and hedge funds own 91.09% of the company’s stock.
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.
TJX traces its history to the Zayre discount retail business and became The TJX Companies in 1987.
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