Telsey Advisory Group Reiterates “Outperform” Rating for TJX Companies (NYSE:TJX)

TJX Companies (NYSE:TJX)‘s stock had its “outperform” rating reiterated by research analysts at Telsey Advisory Group in a report released on Thursday,Benzinga reports. They currently have a $170.00 price target on the apparel and home fashions retailer’s stock. Telsey Advisory Group’s target price would indicate a potential upside of 11.06% from the company’s current price.

A number of other equities analysts have also recently commented on TJX. BTIG Research reissued a “buy” rating and issued a $165.00 price objective on shares of TJX Companies in a research note on Thursday, November 20th. Erste Group Bank started coverage on shares of TJX Companies in a report on Friday, September 5th. They issued a “buy” rating for the company. The Goldman Sachs Group boosted their price objective on TJX Companies from $163.00 to $170.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Evercore ISI upped their price objective on TJX Companies from $162.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, November 20th. Finally, Wells Fargo & Company reiterated a “market perform” rating and issued a $145.00 target price (up previously from $140.00) on shares of TJX Companies in a report on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $160.37.

TJX Companies Stock Performance

NYSE TJX opened at $153.07 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 0.43. TJX Companies has a 1-year low of $112.10 and a 1-year high of $154.66. The business has a 50 day simple moving average of $145.26 and a two-hundred day simple moving average of $135.53. The stock has a market capitalization of $169.98 billion, a PE ratio of 33.79, a P/E/G ratio of 3.36 and a beta of 0.76.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. TJX Companies had a return on equity of 58.30% and a net margin of 8.68%.The firm had revenue of $15.12 billion during the quarter, compared to the consensus estimate of $14.80 billion. During the same period in the prior year, the company earned $1.14 EPS. The company’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, research analysts predict that TJX Companies will post 4.18 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction that occurred on Thursday, November 20th. The shares were sold at an average price of $148.81, for a total transaction of $4,464,300.00. Following the completion of the sale, the chief executive officer owned 535,143 shares of the company’s stock, valued at approximately $79,634,629.83. The trade was a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Amy B. Lane sold 500 shares of the stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $151.40, for a total value of $75,700.00. Following the completion of the transaction, the director directly owned 22,212 shares in the company, valued at approximately $3,362,896.80. This trade represents a 2.20% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 54,863 shares of company stock worth $8,226,366. Corporate insiders own 0.13% of the company’s stock.

Institutional Trading of TJX Companies

Several institutional investors and hedge funds have recently made changes to their positions in the company. First American Bank grew its stake in shares of TJX Companies by 4.5% during the second quarter. First American Bank now owns 138,840 shares of the apparel and home fashions retailer’s stock worth $17,145,000 after acquiring an additional 5,921 shares during the last quarter. FCG Investment Co acquired a new stake in TJX Companies in the 1st quarter worth approximately $2,620,000. MinichMacGregor Wealth Management LLC purchased a new stake in TJX Companies during the 2nd quarter worth approximately $5,045,000. Empowered Funds LLC increased its stake in TJX Companies by 66.6% during the 2nd quarter. Empowered Funds LLC now owns 76,998 shares of the apparel and home fashions retailer’s stock valued at $9,508,000 after purchasing an additional 30,779 shares in the last quarter. Finally, Hendley & Co. Inc. raised its holdings in shares of TJX Companies by 75.0% in the second quarter. Hendley & Co. Inc. now owns 8,305 shares of the apparel and home fashions retailer’s stock worth $1,026,000 after buying an additional 3,560 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.