Wall Street Zen Upgrades TJX Companies (NYSE:TJX) to Buy

TJX Companies (NYSE:TJX) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Sunday.

Several other equities analysts have also issued reports on the stock. Robert W. Baird set a $168.00 price target on shares of TJX Companies in a report on Wednesday, December 17th. Morgan Stanley restated an “overweight” rating and set a $162.00 target price (up from $159.00) on shares of TJX Companies in a research note on Thursday, November 20th. Bank of America upped their target price on TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Cowen reissued a “buy” rating on shares of TJX Companies in a report on Thursday, November 20th. Finally, Evercore ISI boosted their price target on TJX Companies from $162.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-four have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $163.86.

TJX Companies Stock Performance

Shares of TJX stock opened at $157.88 on Friday. TJX Companies has a 52-week low of $112.10 and a 52-week high of $159.48. The company’s 50 day moving average is $151.67 and its 200 day moving average is $140.67. The firm has a market cap of $175.32 billion, a price-to-earnings ratio of 34.85, a PEG ratio of 3.54 and a beta of 0.75. The company has a quick ratio of 0.43, a current ratio of 1.09 and a debt-to-equity ratio of 0.20.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.06. TJX Companies had a return on equity of 58.30% and a net margin of 8.68%.The company had revenue of $15.12 billion for the quarter, compared to analyst estimates of $14.80 billion. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. TJX Companies has set its Q4 2026 guidance at 1.330-1.360 EPS and its FY 2026 guidance at 4.630-4.660 EPS. On average, sell-side analysts anticipate that TJX Companies will post 4.18 EPS for the current fiscal year.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 24,363 shares of TJX Companies stock in a transaction on Friday, November 21st. The shares were sold at an average price of $151.31, for a total value of $3,686,365.53. Following the sale, the chief executive officer owned 510,780 shares of the company’s stock, valued at approximately $77,286,121.80. This trade represents a 4.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Amy B. Lane sold 500 shares of the company’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $151.40, for a total transaction of $75,700.00. Following the transaction, the director owned 22,212 shares of the company’s stock, valued at approximately $3,362,896.80. This trade represents a 2.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 54,863 shares of company stock worth $8,226,366. 0.13% of the stock is owned by corporate insiders.

Institutional Trading of TJX Companies

Institutional investors have recently made changes to their positions in the company. High Note Wealth LLC raised its holdings in TJX Companies by 12.1% in the 3rd quarter. High Note Wealth LLC now owns 667 shares of the apparel and home fashions retailer’s stock valued at $96,000 after buying an additional 72 shares during the period. Valley National Advisers Inc. lifted its holdings in shares of TJX Companies by 2.3% in the 3rd quarter. Valley National Advisers Inc. now owns 3,271 shares of the apparel and home fashions retailer’s stock worth $472,000 after acquiring an additional 73 shares during the last quarter. Webster Bank N. A. boosted its position in shares of TJX Companies by 1.6% during the 3rd quarter. Webster Bank N. A. now owns 4,574 shares of the apparel and home fashions retailer’s stock worth $661,000 after purchasing an additional 73 shares during the period. REAP Financial Group LLC raised its position in TJX Companies by 12.1% in the third quarter. REAP Financial Group LLC now owns 676 shares of the apparel and home fashions retailer’s stock valued at $98,000 after purchasing an additional 73 shares during the period. Finally, Impact Capital Partners LLC lifted its stake in TJX Companies by 0.7% during the fourth quarter. Impact Capital Partners LLC now owns 10,710 shares of the apparel and home fashions retailer’s stock worth $1,645,000 after purchasing an additional 76 shares in the last quarter. 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.