TJX Companies (NYSE:TJX) Given New $190.00 Price Target at BTIG Research

TJX Companies (NYSE:TJX) had its target price increased by analysts at BTIG Research from $185.00 to $190.00 in a research note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the apparel and home fashions retailer’s stock. BTIG Research’s price target points to a potential upside of 19.40% from the stock’s current price.

Several other research analysts have also issued reports on TJX. UBS Group restated a “buy” rating on shares of TJX Companies in a research report on Wednesday, March 4th. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Truist Financial assumed coverage on shares of TJX Companies in a research report on Monday. They set a “buy” rating and a $175.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Citigroup reiterated a “buy” rating on shares of TJX Companies in a research report on Thursday. Three research analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $170.70.

TJX Companies Trading Up 5.6%

TJX Companies stock opened at $159.13 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14. The firm has a market cap of $175.97 billion, a price-to-earnings ratio of 32.61, a price-to-earnings-growth ratio of 3.45 and a beta of 0.64. TJX Companies has a 1 year low of $119.84 and a 1 year high of $165.82. The firm’s 50 day moving average price is $156.71 and its two-hundred day moving average price is $154.44.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.17. The firm had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.92 earnings per share. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. On average, research analysts predict that TJX Companies will post 5.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the transaction, the chief executive officer directly owned 479,316 shares in the company, valued at approximately $77,145,910.20. The trade was a 5.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On TJX Companies

A number of institutional investors have recently modified their holdings of the stock. SOA Wealth Advisors LLC. boosted its stake in shares of TJX Companies by 4,172.2% during the 1st quarter. SOA Wealth Advisors LLC. now owns 769 shares of the apparel and home fashions retailer’s stock valued at $123,000 after buying an additional 751 shares during the period. Western Wealth Management LLC boosted its stake in shares of TJX Companies by 0.4% during the 1st quarter. Western Wealth Management LLC now owns 22,993 shares of the apparel and home fashions retailer’s stock valued at $3,672,000 after buying an additional 98 shares during the period. Orographic Financial Advisors LLC acquired a new stake in shares of TJX Companies during the 1st quarter valued at $6,068,000. Oddo BHF Asset Management Sas boosted its stake in shares of TJX Companies by 20.0% during the 1st quarter. Oddo BHF Asset Management Sas now owns 47,626 shares of the apparel and home fashions retailer’s stock valued at $7,606,000 after buying an additional 7,936 shares during the period. Finally, Bull Harbor Capital LLC acquired a new stake in shares of TJX Companies during the 1st quarter valued at $2,028,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Key TJX Companies News

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: TJX beat Q1 estimates with EPS of $1.19 versus about $1.02 expected and revenue of $14.32 billion versus roughly $14.0 billion estimated, showing resilient demand at its off-price banners. TJX Reports Q1 FY27 Results
• Positive Sentiment: Comparable sales rose 6%, pretax margin improved to 12.0%, and management said traffic remained strong across its retail banners, suggesting the company is taking share from more cautious shoppers. Reuters TJX raises annual sales, profit forecasts
• Positive Sentiment: TJX raised its FY27 outlook for comparable sales, pretax margin, EPS, and buybacks, increasing its share repurchase target to $2.75 billion-$3.0 billion, which supports the stock’s bullish reaction. TJX Stock Is Rising. Why Investors Are Shrugging Off Cautious Guidance.
• Neutral Sentiment: The company’s second-quarter EPS outlook of $1.15-$1.17 is slightly below the consensus estimate, but investors appear to be focusing more on the strong quarter and upbeat full-year commentary than on the near-term caution.

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.