TJX Companies (NYSE:TJX) Sets New 12-Month High – Here’s Why

Shares of The TJX Companies, Inc. (NYSE:TJX) hit a new 52-week high on Thursday . The stock traded as high as $163.50 and last traded at $163.1930, with a volume of 566064 shares trading hands. The stock had previously closed at $161.64.

Analysts Set New Price Targets

TJX has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft set a $184.00 target price on TJX Companies in a research note on Thursday, January 8th. UBS Group reaffirmed a “buy” rating on shares of TJX Companies in a research note on Wednesday, March 4th. Robert W. Baird set a $168.00 target price on TJX Companies in a research note on Wednesday, December 17th. Weiss Ratings raised TJX Companies from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, April 1st. Finally, Telsey Advisory Group raised their target price on TJX Companies from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, February 26th. Four research analysts have rated the stock with a Strong Buy rating and twenty-one have assigned a Buy rating to the stock. According to MarketBeat.com, TJX Companies currently has an average rating of “Buy” and a consensus price target of $167.55.

TJX Companies Trading Up 1.0%

The firm has a fifty day simple moving average of $156.76 and a 200-day simple moving average of $151.71. The firm has a market cap of $180.62 billion, a P/E ratio of 33.46, a price-to-earnings-growth ratio of 3.71 and a beta of 0.73. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The company had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. During the same quarter last year, the company earned $1.23 earnings per share. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. TJX Companies has set its FY 2027 guidance at 4.930-5.020 EPS and its Q1 2027 guidance at 0.970-0.990 EPS. On average, equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be issued a $0.48 dividend. This is a boost from TJX Companies’s previous quarterly dividend of $0.43. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, May 14th. TJX Companies’s dividend payout ratio is 34.84%.

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $160.95, for a total value of $4,828,500.00. Following the transaction, the chief executive officer owned 479,316 shares in the company, valued at $77,145,910.20. This trade represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Banco Santander S.A. grew its position in TJX Companies by 24.6% in the third quarter. Banco Santander S.A. now owns 160,368 shares of the apparel and home fashions retailer’s stock worth $23,180,000 after acquiring an additional 31,631 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of TJX Companies by 6.0% during the fourth quarter. Nordea Investment Management AB now owns 7,479,163 shares of the apparel and home fashions retailer’s stock valued at $1,155,830,000 after buying an additional 420,232 shares during the period. Rheos Capital Works Inc. raised its stake in shares of TJX Companies by 26.0% during the third quarter. Rheos Capital Works Inc. now owns 370,000 shares of the apparel and home fashions retailer’s stock valued at $53,480,000 after acquiring an additional 76,400 shares in the last quarter. Wealthfront Advisers LLC raised its stake in shares of TJX Companies by 4.9% during the third quarter. Wealthfront Advisers LLC now owns 171,820 shares of the apparel and home fashions retailer’s stock valued at $24,835,000 after acquiring an additional 8,006 shares in the last quarter. Finally, Savoir Faire Capital Management L.P. raised its stake in shares of TJX Companies by 45.7% during the third quarter. Savoir Faire Capital Management L.P. now owns 81,361 shares of the apparel and home fashions retailer’s stock valued at $11,760,000 after acquiring an additional 25,534 shares in the last quarter. 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.