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

Shares of The TJX Companies, Inc. (NYSE:TJX) have been assigned an average rating of “Buy” from the twenty-six brokerages that are covering the firm, MarketBeat Ratings reports. Twenty-four equities research analysts have rated the stock with a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $163.8571.

A number of research analysts have recently weighed in on the company. Weiss Ratings reissued a “buy (b+)” rating on shares of TJX Companies in a report on Wednesday, October 8th. JPMorgan Chase & Co. increased their price target on shares of TJX Companies from $150.00 to $154.00 and gave the stock an “overweight” rating in a report on Thursday, November 20th. Evercore ISI raised their price target on shares of TJX Companies from $162.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, November 20th. Sanford C. Bernstein restated an “outperform” rating and set a $170.00 price objective on shares of TJX Companies in a research note on Tuesday, January 6th. Finally, UBS Group reiterated a “buy” rating and issued a $193.00 price objective (up previously from $181.00) on shares of TJX Companies in a research note on Thursday.

TJX Companies Trading Down 0.2%

NYSE TJX opened at $157.88 on Monday. TJX Companies has a 12-month low of $112.10 and a 12-month high of $159.48. The company has a fifty day simple moving average of $151.67 and a two-hundred day simple moving average of $140.79. The company has a current ratio of 1.09, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20. The stock has a market cap of $175.32 billion, a P/E ratio of 34.85, a P/E/G ratio of 3.54 and a beta of 0.75.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. The firm had revenue of $15.12 billion for the quarter, compared to analyst estimates of $14.80 billion. TJX Companies had a net margin of 8.68% and a return on equity of 58.30%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned $1.14 earnings per share. 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, analysts forecast that TJX Companies will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 12th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, February 12th. TJX Companies’s dividend payout ratio is presently 37.53%.

Insider Transactions at TJX Companies

In other news, 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 value of $75,700.00. Following the sale, the director owned 22,212 shares in the company, valued at $3,362,896.80. This represents a 2.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $148.81, for a total value of $4,464,300.00. Following the sale, the chief executive officer directly owned 535,143 shares in the company, valued at approximately $79,634,629.83. This trade represents a 5.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 54,863 shares of company stock valued at $8,226,366 in the last quarter. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On TJX Companies

A number of hedge funds and other institutional investors have recently made changes to their positions in TJX. Salem Investment Counselors Inc. increased its holdings in shares of TJX Companies by 35.6% during the 4th quarter. Salem Investment Counselors Inc. now owns 5,713 shares of the apparel and home fashions retailer’s stock valued at $878,000 after purchasing an additional 1,500 shares in the last quarter. First Heartland Consultants Inc. purchased a new position in TJX Companies in the fourth quarter valued at $225,000. Constitution Capital LLC raised its position in shares of TJX Companies by 25.9% in the fourth quarter. Constitution Capital LLC now owns 2,190 shares of the apparel and home fashions retailer’s stock worth $336,000 after acquiring an additional 450 shares during the period. Clear Trail Advisors LLC acquired a new position in shares of TJX Companies in the fourth quarter worth about $4,325,000. Finally, Carderock Capital Management Inc. purchased a new stake in shares of TJX Companies during the 4th quarter worth about $1,821,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

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.