The TJX Companies, Inc. (NYSE:TJX) Receives Average Rating of “Buy” from Analysts

Shares of The TJX Companies, Inc. (NYSE:TJX) have received an average rating of “Buy” from the twenty-three ratings firms that are covering the firm, Marketbeat.com reports. Twenty analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $174.5789.

A number of research firms have commented on TJX. Wall Street Zen cut TJX Companies from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Citigroup restated a “buy” rating and set a $182.00 price objective (up from $168.00) on shares of TJX Companies in a report on Thursday, May 21st. JPMorgan Chase & Co. increased their price objective on shares of TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Weiss Ratings cut shares of TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, June 18th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $160.00 target price (up from $155.00) on shares of TJX Companies in a research report on Thursday, May 21st.

TJX Companies Price Performance

NYSE TJX opened at $154.05 on Monday. The firm’s fifty day simple moving average is $157.34 and its two-hundred day simple moving average is $156.80. 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 12-month low of $119.84 and a 12-month high of $170.00. The firm has a market capitalization of $170.18 billion, a P/E ratio of 29.91, a P/E/G ratio of 3.34 and a beta of 0.63.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The business had revenue of $14.32 billion for the quarter, compared to the consensus estimate of $14.02 billion. During the same period in the prior year, the firm posted $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. Analysts forecast that TJX Companies will post 5.17 EPS for the current fiscal year.

TJX Companies Announces Dividend

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

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 29,549 shares of the company’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $157.46, for a total value of $4,652,785.54. Following the transaction, the chief executive officer directly owned 552,850 shares of the company’s stock, valued at $87,051,761. This represents a 5.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jackwyn Nemerov sold 957 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total value of $161,340.63. Following the completion of the transaction, the director owned 802 shares of the company’s stock, valued at $135,209.18. This trade represents a 54.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 130,367 shares of company stock valued at $20,959,476 in the last quarter. Insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On TJX Companies

A number of large investors have recently bought and sold shares of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna raised its position in TJX Companies by 120.3% during the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock worth $25,000 after buying an additional 89 shares during the last quarter. Entrust Financial LLC acquired a new stake in shares of TJX Companies in the fourth quarter worth $26,000. Wilkerson Advisory Group LLC purchased a new position in shares of TJX Companies during the fourth quarter worth $26,000. Joseph Group Capital Management acquired a new position in TJX Companies during the fourth quarter valued at $27,000. Finally, IMG Wealth Management Inc. lifted its position in TJX Companies by 65.7% during the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock valued at $27,000 after purchasing an additional 69 shares during the period. 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.