The TJX Companies, Inc. (NYSE:TJX) Receives Consensus Recommendation of “Buy” from Brokerages

The TJX Companies, Inc. (NYSE:TJX) has received a consensus recommendation of “Buy” from the twenty-three brokerages that are presently covering the company, Marketbeat reports. Twenty investment analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $174.5789.

A number of analysts have commented on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of TJX Companies in a research note on Thursday, May 21st. BTIG Research upped their price objective on shares of TJX Companies from $185.00 to $190.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Wells Fargo & Company reaffirmed an “outperform” rating and set a $160.00 price objective (up from $155.00) on shares of TJX Companies 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 research note on Saturday. Finally, JPMorgan Chase & Co. raised 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.

Insiders Place Their Bets

In other news, Director Jackwyn Nemerov sold 957 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $168.59, for a total value of $161,340.63. Following the transaction, the director owned 802 shares in the company, valued at $135,209.18. This represents a 54.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Carol Meyrowitz sold 55,624 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total value of $9,102,867.60. Following the completion of the transaction, the chairman owned 201,496 shares in the company, valued at $32,974,820.40. This represents a 21.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 130,367 shares of company stock worth $20,959,476 over the last quarter. Company insiders own 0.15% of the company’s stock.

Hedge Funds Weigh In On TJX Companies

A number of large investors have recently made changes to their positions in TJX. Swiss Life Asset Management Ltd lifted its holdings in TJX Companies by 9.5% in the 4th quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer’s stock worth $57,363,000 after purchasing an additional 32,407 shares during the last quarter. Family Capital Trust Co lifted its holdings in TJX Companies by 1,080.0% in the 4th quarter. Family Capital Trust Co now owns 13,523 shares of the apparel and home fashions retailer’s stock worth $2,077,000 after purchasing an additional 12,377 shares during the last quarter. J.Safra Asset Management Corp lifted its holdings in TJX Companies by 78.3% in the 4th quarter. J.Safra Asset Management Corp now owns 6,805 shares of the apparel and home fashions retailer’s stock worth $1,045,000 after purchasing an additional 2,989 shares during the last quarter. Nordea Investment Management AB lifted its holdings in TJX Companies by 6.0% in the 4th quarter. Nordea Investment Management AB now owns 7,479,163 shares of the apparel and home fashions retailer’s stock worth $1,155,830,000 after purchasing an additional 420,232 shares during the last quarter. Finally, Bluedoor Private Wealth LLC acquired a new stake in TJX Companies in the 4th quarter worth approximately $2,559,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Key Stories Impacting TJX Companies

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: UBS reaffirmed a Buy rating and $197 price target after a consumer survey showed strong interest in off-price and department store retail, reinforcing the bullish long-term view on TJX. UBS Reaffirms Bullish Outlook on The TJX Companies (TJX) Following Strong Consumer Survey
• Positive Sentiment: Multiple brokerage write-ups highlighted that analysts remain bullish on TJX overall, with recent reports showing no sell ratings and several buy/outperform calls. Is It Worth Investing in TJX (TJX) Based on Wall Street’s Bullish Views?
• Neutral Sentiment: Articles discussing whether TJX is worth buying based on Wall Street views were largely commentary pieces, not new company-specific fundamentals, so they are unlikely to be a major standalone price driver. Is It Worth Investing in TJX (TJX) Based on Wall Street’s Bullish Views?
• Neutral Sentiment: Long-term performance pieces about what a $1,000 investment in TJX would be worth today are informational and do not materially change the near-term outlook. Here’s How Much You’d Have If You Invested $1000 in TJX a Decade Ago
• Negative Sentiment: TJX fell sharply in the prior session as investors weighed its strong quarter against a more cautious near-term outlook, including second-quarter guidance, higher fuel costs, and signs of profit-taking after a strong run. TJX Falls as Investors Weigh a Strong Quarter Against a More Measured Near-Term Outlook
• Negative Sentiment: Recent reporting also noted that TJX dropped more than the broader market, suggesting momentum cooled after the earnings-driven rally. TJX (TJX) Registers a Bigger Fall Than the Market: Important Facts to Note

TJX Companies Price Performance

TJX stock opened at $155.28 on Monday. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18. TJX Companies has a one year low of $119.84 and a one year high of $170.00. The firm has a market capitalization of $171.54 billion, a PE ratio of 30.15, a P/E/G ratio of 3.37 and a beta of 0.62. The firm has a 50-day moving average of $158.01 and a two-hundred day moving average of $156.91.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The company had revenue of $14.32 billion during the quarter, compared to analyst estimates of $14.02 billion. During the same period in the prior year, the firm earned $0.92 earnings per share. The business’s quarterly revenue was up 9.2% on a year-over-year basis. 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, analysts forecast that TJX Companies will post 5.17 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be issued a $0.48 dividend. The ex-dividend date is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. TJX Companies’s dividend payout ratio is currently 37.28%.

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.