Robert W. Baird Issues Positive Forecast for TJX Companies (NYSE:TJX) Stock Price

TJX Companies (NYSE:TJX) had its price target raised by equities researchers at Robert W. Baird from $172.00 to $175.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the apparel and home fashions retailer’s stock. Robert W. Baird’s price target would indicate a potential upside of 9.97% from the company’s current price.

Several other equities research analysts have also commented on the company. Barclays reiterated an “overweight” rating and set a $190.00 price objective on shares of TJX Companies in a research note on Thursday. Argus upgraded TJX Companies to a “strong-buy” rating in a research note on Tuesday, March 3rd. JPMorgan Chase & Co. boosted their price objective on TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. Finally, Wells Fargo & Company restated an “outperform” 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. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of “Buy” and an average price target of $170.70.

TJX Companies Stock Performance

Shares of TJX stock opened at $159.13 on Thursday. The stock has a market cap of $175.97 billion, a PE ratio of 32.61, a price-to-earnings-growth ratio of 3.45 and a beta of 0.64. The business has a 50-day simple moving average of $156.71 and a 200-day simple moving average of $154.44. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. TJX Companies has a 52-week low of $119.84 and a 52-week high of $165.82.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.17. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The firm had revenue of $14.32 billion during the quarter, compared to analyst estimates of $14.02 billion. During the same quarter in the previous year, the business earned $0.92 EPS. TJX Companies’s revenue for the quarter was up 9.2% compared to the same quarter last year. 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, equities analysts expect that TJX Companies will post 5.07 EPS for the current year.

Insider Buying and Selling

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was 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 $77,145,910.20. This represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Coston McIsaac & Partners lifted its stake in TJX Companies by 11.3% during the first quarter. Coston McIsaac & Partners now owns 628 shares of the apparel and home fashions retailer’s stock worth $100,000 after purchasing an additional 64 shares in the last quarter. Trust Point Inc. lifted its stake in TJX Companies by 1.3% during the fourth quarter. Trust Point Inc. now owns 5,227 shares of the apparel and home fashions retailer’s stock worth $803,000 after purchasing an additional 66 shares in the last quarter. Jaffetilchin Investment Partners LLC lifted its stake in TJX Companies by 1.6% during the fourth quarter. Jaffetilchin Investment Partners LLC now owns 4,236 shares of the apparel and home fashions retailer’s stock worth $651,000 after purchasing an additional 66 shares in the last quarter. Kohmann Bosshard Financial Services LLC lifted its stake in TJX Companies by 11.0% during the first quarter. Kohmann Bosshard Financial Services LLC now owns 666 shares of the apparel and home fashions retailer’s stock worth $106,000 after purchasing an additional 66 shares in the last quarter. Finally, Hohimer Wealth Management LLC raised its stake in shares of TJX Companies by 1.2% in the fourth quarter. Hohimer Wealth Management LLC now owns 5,595 shares of the apparel and home fashions retailer’s stock valued at $859,000 after acquiring an additional 66 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies News Summary

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.

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.