Gordon Haskett reiterated their accumulate rating on shares of TJX Companies (NYSE:TJX – Free Report) in a report issued on Thursday morning, Marketbeat Ratings reports. Gordon Haskett currently has a $155.00 price objective on the apparel and home fashions retailer’s stock.
Other equities research analysts have also issued research reports about the company. Morgan Stanley reissued an “overweight” rating on shares of TJX Companies in a research note on Thursday, August 6th. Evercore reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of TJX Companies in a research note on Thursday, May 21st. UBS Group reaffirmed a “buy” rating on shares of TJX Companies in a research note on Tuesday, June 9th. Weiss Ratings cut TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. boosted their target price on TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $173.89.
Check Out Our Latest Research Report on TJX Companies
TJX Companies Stock Down 0.1%
TJX Companies (NYSE:TJX – Get Free Report) last issued its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.03. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The company had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same period in the prior year, the business posted $1.10 earnings per share. The firm’s revenue for the quarter 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. Equities research analysts anticipate that TJX Companies will post 5.22 EPS for the current fiscal year.
TJX Companies Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 13th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s dividend payout ratio is 35.49%.
Insider Buying and Selling at TJX Companies
In related news, CEO Ernie Herrman sold 10,002 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.68, for a total value of $1,607,121.36. Following the sale, the chief executive officer owned 514,848 shares of the company’s stock, valued at approximately $82,725,776.64. This represents a 1.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John Klinger sold 6,235 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $160.77, for a total value of $1,002,400.95. Following the completion of the sale, the chief financial officer directly owned 64,257 shares in the company, valued at approximately $10,330,597.89. The trade was a 8.84% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 130,367 shares of company stock valued at $20,959,476 over the last three months. Company insiders own 0.15% of the company’s stock.
Hedge Funds Weigh In On TJX Companies
A number of institutional investors have recently made changes to their positions in TJX. Brighton Jones LLC boosted its stake in shares of TJX Companies by 113.7% during the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock valued at $1,817,000 after acquiring an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC increased its position in TJX Companies by 12.1% during the 4th 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 raised its stake in TJX Companies by 32.9% in the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock valued at $466,000 after purchasing an additional 955 shares during the last quarter. United Bank raised its stake in TJX Companies by 7.6% in the 2nd quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer’s stock valued at $2,013,000 after purchasing an additional 1,155 shares during the last quarter. Finally, Schnieders Capital Management LLC. purchased a new position in TJX Companies in the 2nd quarter valued at about $244,000. 91.09% of the stock is owned by institutional investors and hedge funds.
Key Stories Impacting TJX Companies
Here are the key news stories impacting TJX Companies this week:
- Positive Sentiment: TJX reported revenue of $15.18 billion and adjusted EPS of $1.22, surpassing consensus estimates of $15.16 billion and $1.19, respectively. Comparable-store sales increased 4%, while adjusted earnings rose 11% year over year. TJX beats Q2 expectations despite self-inflicted apparel slump
- Positive Sentiment: Management raised fiscal 2027 EPS guidance to $5.15–$5.20 and increased its long-term store target to 7,500 locations, supporting the company’s longer-term growth outlook. TJX outlines 7,500-store target while raising FY2027 EPS
- Positive Sentiment: Winners, Marshalls and HomeSense are reportedly gaining significant market share in Canada, while HomeGoods and international operations also provided important sources of strength. TJX says Canadian banners are gaining market share
- Neutral Sentiment: Some analysts view the post-earnings sell-off as a buying opportunity, with BTIG reaffirming a Buy rating and a $190 price target; UBS characterized the Marmaxx weakness as potentially isolated. A rare stumble at TJX has Wall Street spooked
- Negative Sentiment: Marmaxx, which includes TJ Maxx and Marshalls in the United States, delivered a disappointing comparable-sales performance. Management blamed merchandising and apparel-mix mistakes, but analysts also cited tougher off-price competition and consumer resistance to price increases. TJX blames merchandising missteps for rare US miss
- Negative Sentiment: Fiscal third-quarter guidance fell short of expectations, increasing concerns about near-term margin pressure and execution. Citi downgraded TJX to Neutral, while Wells Fargo cut its price target to $140 and assigned an Equal Weight rating. TJX Q2 beat but Marmaxx lags and Q3 guidance falls short
About TJX Companies
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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