The TJX Companies, Inc. (NYSE:TJX) Stock Rated “Moderate Buy” by Wall Street Brokerages

Shares of The TJX Companies, Inc. (NYSE:TJX) have been given a consensus rating of “Moderate Buy” by the twenty-five analysts that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $174.95.

A number of analysts recently weighed in on the stock. Gordon Haskett cut shares of TJX Companies from a “buy” rating to an “accumulate” rating and set a $155.00 target price on the stock. in a research note on Thursday, August 20th. Sanford C. Bernstein reissued an “outperform” rating and issued a $175.00 price target on shares of TJX Companies in a research report on Tuesday, August 25th. The Goldman Sachs Group cut their price target on shares of TJX Companies from $194.00 to $178.00 and set a “buy” rating for the company in a research note on Thursday, August 20th. Morgan Stanley set a $178.00 price objective on TJX Companies and gave the company an “overweight” rating in a report on Thursday, August 20th. Finally, Daiwa Securities Group decreased their price objective on TJX Companies from $168.00 to $155.00 in a report on Tuesday, August 25th.

Institutional Trading of TJX Companies

Institutional investors have recently bought and sold shares of the stock. Danske Bank A S acquired a new stake in TJX Companies during the 2nd quarter worth $829,000. Sequoia Financial Advisors LLC lifted its stake in shares of TJX Companies by 6.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 241,412 shares of the apparel and home fashions retailer’s stock valued at $36,574,000 after purchasing an additional 14,878 shares during the period. Man Group plc acquired a new position in shares of TJX Companies in the 2nd quarter valued at $217,422,000. Sigma Planning Corp lifted its stake in shares of TJX Companies by 82.0% in the 2nd quarter. Sigma Planning Corp now owns 20,903 shares of the apparel and home fashions retailer’s stock valued at $3,167,000 after purchasing an additional 9,417 shares during the period. Finally, Bank of America Corp DE acquired a new position in shares of TJX Companies in the 2nd quarter valued at $3,511,553,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Stock Down 2.4%

TJX opened at $135.26 on Friday. The company has a market capitalization of $148.78 billion, a P/E ratio of 25.00, a P/E/G ratio of 2.56 and a beta of 0.58. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56. The firm’s fifty day moving average price is $135.81 and its two-hundred day moving average price is $150.77. TJX Companies has a fifty-two week low of $122.78 and a fifty-two week high of $170.00.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. The company had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The business’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.10 EPS. 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. On average, analysts anticipate that TJX Companies will post 5.22 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 12th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.4%. TJX Companies’s dividend payout ratio is presently 35.49%.

About TJX Companies

The TJX Companies, Inc is an off-price retailer that sells apparel, footwear, accessories, home furnishings and other merchandise through stores and e-commerce sites. Its buying approach focuses on offering brand-name and designer goods at prices generally below those of traditional retailers.

The company operates retail chains including TJ Maxx, Marshalls, HomeGoods and Sierra in the United States; Winners, HomeSense and Marshalls in Canada; and TK Maxx and Homesense in Europe. Its stores carry a changing selection of products across categories such as clothing, home décor, furniture, beauty and outdoor gear.

TJX traces its history to the Zayre discount retail business and became The TJX Companies in 1987.