Shares of The TJX Companies, Inc. (NYSE:TJX – Get Free Report) have been given a consensus rating of “Moderate Buy” by the twenty-five ratings firms that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $174.95.
A number of research firms have recently weighed in on TJX. The Goldman Sachs Group lowered their price target on shares of TJX Companies from $194.00 to $178.00 and set a “buy” rating on the stock in a report on Thursday, August 20th. Sanford C. Bernstein reiterated an “outperform” rating and set a $175.00 price objective on shares of TJX Companies in a research note on Tuesday, August 25th. Barclays set a $188.00 target price on shares of TJX Companies and gave the company an “overweight” rating in a research report on Thursday, August 20th. Daiwa Securities Group lowered their target price on shares of TJX Companies from $168.00 to $155.00 in a research note on Tuesday, August 25th. Finally, Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and lowered their target price for the company from $182.00 to $154.00 in a research note on Thursday, August 20th.
Check Out Our Latest Analysis on TJX
TJX Companies Trading Down 2.5%
Shares of NYSE:TJX opened at $137.54 on Friday. TJX Companies has a 12-month low of $122.78 and a 12-month high of $170.00. The business’s fifty day simple moving average is $135.65 and its 200-day simple moving average is $151.02. The company has a market capitalization of $151.29 billion, a PE ratio of 27.54, a P/E/G ratio of 2.67 and a beta of 0.58. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18.
TJX Companies (NYSE:TJX – Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $15.16 billion. During the same period in the previous year, the company posted $1.10 EPS. The business’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. As a group, equities research analysts predict that TJX Companies will post 5.22 earnings per share for the current fiscal year.
TJX Companies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 12th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, November 12th. TJX Companies’s dividend payout ratio is currently 35.49%.
Institutional Trading of TJX Companies
Institutional investors have recently made changes to their positions in the business. Verus Capital Partners LLC lifted its holdings in TJX Companies by 12.2% in the third quarter. Verus Capital Partners LLC now owns 1,606 shares of the apparel and home fashions retailer’s stock valued at $212,000 after acquiring an additional 175 shares during the period. AlphaCentric Advisors LLC boosted its position in TJX Companies by 11.2% in the 3rd quarter. AlphaCentric Advisors LLC now owns 1,993 shares of the apparel and home fashions retailer’s stock worth $264,000 after purchasing an additional 200 shares in the last quarter. Pathway Financial Advisers LLC purchased a new stake in TJX Companies in the 3rd quarter worth approximately $66,000. Bfsg LLC boosted its position in TJX Companies by 5.1% in the 3rd quarter. Bfsg LLC now owns 51,600 shares of the apparel and home fashions retailer’s stock worth $6,827,000 after purchasing an additional 2,488 shares in the last quarter. Finally, Boston Trust Walden Corp grew its stake in shares of TJX Companies by 1.1% during the 3rd quarter. Boston Trust Walden Corp now owns 96,592 shares of the apparel and home fashions retailer’s stock worth $12,780,000 after purchasing an additional 1,032 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.
TJX Companies Company Profile
The TJX Companies, Inc (NYSE: TJX) is an off-price retailer specializing in apparel, footwear, accessories, and home merchandise. Its stores offer branded and designer products at prices generally below those of full-price retailers, using a flexible purchasing model that allows the company to acquire merchandise from manufacturers, retailers, and other suppliers.
The company operates a portfolio of retail banners, including T.J. Maxx, Marshalls, HomeGoods, Sierra, and Homesense in the United States; Winners, HomeSense, and Marshalls in Canada; and TK Maxx and Homesense in Europe and Australia.
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