TJX Companies (NYSE:TJX) Shares Up 1.8% on Analyst Upgrade

The TJX Companies, Inc. (NYSE:TJX) shares rose 1.8% during trading on Friday after Robert W. Baird raised their price target on the stock from $160.00 to $165.00. Robert W. Baird currently has an outperform rating on the stock. TJX Companies traded as high as $153.34 and last traded at $153.07. Approximately 5,806,392 shares were traded during trading, an increase of 10% from the average daily volume of 5,287,508 shares. The stock had previously closed at $150.30.

Several other research firms have also commented on TJX. Morgan Stanley reiterated an “overweight” rating and issued a $162.00 target price (up from $159.00) on shares of TJX Companies in a research note on Thursday, November 20th. Wells Fargo & Company reiterated a “market perform” rating and set a $145.00 price objective (up from $140.00) on shares of TJX Companies in a report on Thursday, November 20th. JPMorgan Chase & Co. boosted their target price on shares of TJX Companies from $150.00 to $154.00 and gave the company an “overweight” rating in a report on Thursday, November 20th. Macquarie reaffirmed a “buy” rating on shares of TJX Companies in a research note on Monday, August 11th. Finally, TD Cowen boosted their price objective on shares of TJX Companies from $162.00 to $167.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $160.37.

Insider Activity

In other news, Director Amy B. Lane sold 500 shares of the firm’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $151.40, for a total transaction of $75,700.00. Following the completion of the sale, the director directly owned 22,212 shares of the company’s stock, valued at $3,362,896.80. This trade represents a 2.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Ernie Herrman sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $148.81, for a total value of $4,464,300.00. Following the completion of the sale, the chief executive officer directly owned 535,143 shares of the company’s stock, valued at approximately $79,634,629.83. The trade was a 5.31% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 54,863 shares of company stock valued at $8,226,366. Insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TJX. Lavaca Capital LLC bought a new position in TJX Companies in the 2nd quarter valued at $25,000. Dogwood Wealth Management LLC lifted its position in TJX Companies by 102.2% in the 3rd quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 92 shares in the last quarter. GGM Financials LLC acquired a new position in TJX Companies during the 3rd quarter worth approximately $27,000. Imprint Wealth LLC acquired a new position in shares of TJX Companies during the 3rd quarter worth about $27,000. Finally, Princeton Global Asset Management LLC bought a new position in shares of TJX Companies in the second quarter valued at $28,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

The company’s 50-day simple moving average is $145.06 and its 200-day simple moving average is $135.40. The stock has a market capitalization of $169.98 billion, a P/E ratio of 33.79, a price-to-earnings-growth ratio of 3.36 and a beta of 0.76. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 0.43.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. TJX Companies had a net margin of 8.68% and a return on equity of 58.30%. The company had revenue of $15.12 billion for the quarter, compared to analysts’ expectations of $14.80 billion. During the same period in the prior year, the firm earned $1.14 EPS. TJX Companies’s quarterly revenue was up 7.5% compared to the same quarter last year. TJX Companies has set its Q4 2026 guidance at 1.330-1.360 EPS and its FY 2026 guidance at 4.630-4.660 EPS. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th were paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, November 13th. TJX Companies’s dividend payout ratio (DPR) is currently 37.53%.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.