TJX Companies (NYSE:TJX) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of TJX Companies (NYSE:TJX) from a hold rating to a buy rating in a report released on Sunday.

TJX has been the subject of a number of other reports. Telsey Advisory Group reiterated an “outperform” rating and set a $170.00 price target on shares of TJX Companies in a research report on Thursday, December 4th. Cowen reiterated a “buy” rating on shares of TJX Companies in a report on Thursday, November 20th. Morgan Stanley restated an “overweight” rating and set a $162.00 price target (up from $159.00) on shares of TJX Companies in a research note on Thursday, November 20th. The Goldman Sachs Group lifted their price objective on TJX Companies from $163.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Finally, BTIG Research reiterated a “buy” rating and issued a $165.00 price objective on shares of TJX Companies in a report on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating and twenty-four have given a Buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $163.86.

TJX Companies Price Performance

NYSE:TJX opened at $157.88 on Friday. TJX Companies has a 52 week low of $112.10 and a 52 week high of $159.48. The company has a quick ratio of 0.43, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $175.32 billion, a P/E ratio of 34.85, a P/E/G ratio of 3.54 and a beta of 0.75. The stock’s fifty day moving average is $151.67 and its two-hundred day moving average is $140.79.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. The business had revenue of $15.12 billion during the quarter, compared to analysts’ expectations of $14.80 billion. TJX Companies had a return on equity of 58.30% and a net margin of 8.68%.The company’s revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.14 EPS. 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. Equities analysts expect that TJX Companies will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Stockholders of record on Thursday, February 12th will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Thursday, February 12th. TJX Companies’s dividend payout ratio (DPR) is presently 37.53%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On TJX Companies

Several institutional investors have recently added to or reduced their stakes in TJX. Norges Bank acquired a new stake in TJX Companies during the second quarter worth approximately $1,808,774,000. Laurel Wealth Advisors LLC grew its position in shares of TJX Companies by 12,417.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,057,273 shares of the apparel and home fashions retailer’s stock valued at $501,033,000 after buying an additional 4,024,859 shares during the last quarter. Alliancebernstein L.P. raised its stake in TJX Companies by 91.6% during the 3rd quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer’s stock worth $970,185,000 after acquiring an additional 3,208,458 shares in the last quarter. Corient Private Wealth LLC lifted its position in TJX Companies by 120.7% in the second quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock valued at $620,406,000 after acquiring an additional 2,743,676 shares during the last quarter. Finally, ABN AMRO Bank N.V. acquired a new position in TJX Companies in the second quarter valued at $244,687,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

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.