TJX Companies (NYSE:TJX) Hits New 52-Week Low – Time to Sell?

The TJX Companies, Inc. (NYSE:TJX) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $129.69 and last traded at $130.1680, with a volume of 2223306 shares traded. The stock had previously closed at $132.08.

Analyst Upgrades and Downgrades

TJX has been the subject of several recent research reports. Guggenheim set a $152.00 price objective on TJX Companies in a research report on Monday, August 31st. Weiss Ratings cut shares of TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. Robert W. Baird lifted their target price on shares of TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Wall Street Zen lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, JPMorgan Chase & Co. raised their price target on shares of TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and an average price target of $171.63.

TJX Companies Stock Performance

The business has a fifty day moving average of $149.63 and a 200 day moving average of $155.17. The company has a market cap of $142.75 billion, a P/E ratio of 24.02, a P/E/G ratio of 2.38 and a beta of 0.60. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last issued 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 business had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $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, equities analysts predict that The TJX Companies, Inc. will post 5.22 EPS for the current year.

Insider Transactions at TJX Companies

In related news, Director Jackwyn Nemerov sold 957 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the sale, the director owned 802 shares of the company’s stock, valued at $135,209.18. The trade was a 54.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.15% of the stock is currently owned by company insiders.

Institutional Trading of TJX Companies

A number of hedge funds have recently made changes to their positions in the stock. California State Teachers Retirement System grew its stake in shares of TJX Companies by 15,228.3% in the second quarter. California State Teachers Retirement System now owns 258,776,847 shares of the apparel and home fashions retailer’s stock worth $39,204,692,000 after acquiring an additional 257,088,620 shares during the last quarter. BlackRock Inc. purchased a new position in shares of TJX Companies in the 2nd quarter worth about $16,489,926,000. Bank of America Corp DE bought a new position in TJX Companies in the 2nd quarter worth about $3,511,553,000. Norges Bank purchased a new stake in TJX Companies during the 4th quarter valued at about $2,211,975,000. Finally, Bank of New York Mellon Corp purchased a new stake in TJX Companies during the 2nd quarter valued at about $1,598,731,000. 91.09% of the stock is owned by institutional investors.

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.