FY2027 EPS Estimates for TJX Companies Increased by Analyst

The TJX Companies, Inc. (NYSE:TJX) – Erste Group Bank upped their FY2027 earnings per share (EPS) estimates for TJX Companies in a note issued to investors on Thursday, August 27th. Erste Group Bank analyst H. Engel now expects that the apparel and home fashions retailer will post earnings of $5.25 per share for the year, up from their prior forecast of $5.20. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for TJX Companies’ current full-year earnings is $5.21 per share. Erste Group Bank also issued estimates for TJX Companies’ FY2028 earnings at $5.76 EPS.

A number of other analysts have also weighed in on the company. Wells Fargo & Company cut their price objective on TJX Companies from $160.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 20th. Barclays set a $188.00 price objective on shares of TJX Companies and gave the stock an “overweight” rating in a report on Thursday, August 20th. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and reduced their target price for the company from $182.00 to $154.00 in a report on Thursday, August 20th. Truist Financial set a $190.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research report on Thursday, May 21st. Finally, JPMorgan Chase & Co. increased their price objective on TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus price target of $171.63.

TJX Companies Price Performance

TJX opened at $133.95 on Monday. The stock’s 50-day moving average price is $152.25 and its 200 day moving average price is $155.94. TJX Companies has a 12-month low of $133.08 and a 12-month high of $170.00. The firm has a market cap of $147.97 billion, a price-to-earnings ratio of 24.76, a PEG ratio of 2.44 and a beta of 0.62. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping the consensus estimate of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The business had revenue of $15.18 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same period last year, the business posted $1.10 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. 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.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Thursday, August 13th. TJX Companies’s dividend payout ratio (DPR) is 35.49%.

Insider Activity

In other news, CEO Ernie Herrman sold 10,002 shares of TJX Companies stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $160.68, for a total value of $1,607,121.36. Following the sale, the chief executive officer owned 514,848 shares of the company’s stock, valued at $82,725,776.64. The trade was a 1.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jackwyn Nemerov sold 957 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $168.59, for a total transaction of $161,340.63. Following the transaction, the director owned 802 shares in the company, valued at approximately $135,209.18. This trade represents a 54.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 130,367 shares of company stock worth $20,959,476 over the last quarter. Insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On TJX Companies

A number of institutional investors have recently added to or reduced their stakes in the business. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its stake in shares of TJX Companies by 120.3% in the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock valued at $25,000 after buying an additional 89 shares in the last quarter. Entrust Financial LLC purchased a new position in TJX Companies in the fourth quarter worth $26,000. Wilkerson Advisory Group LLC purchased a new position in TJX Companies in the fourth quarter worth $26,000. IMG Wealth Management Inc. lifted its holdings in TJX Companies by 65.7% in the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock valued at $27,000 after acquiring an additional 69 shares during the period. Finally, Cetera Trust Company N.A purchased a new stake in shares of TJX Companies during the 2nd quarter worth $27,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

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.