Analysts Set The TJX Companies, Inc. (NYSE:TJX) Target Price at $177.94

The TJX Companies, Inc. (NYSE:TJX) has earned a consensus recommendation of “Moderate Buy” from the twenty-two ratings firms that are presently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, seventeen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $173.8947.

TJX has been the subject of a number of recent analyst reports. Evercore reiterated an “outperform” rating and issued a $173.00 target price on shares of TJX Companies in a research note on Thursday. Robert W. Baird upped their price target on shares of TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and cut their price target for the company from $182.00 to $154.00 in a research note on Thursday. Weiss Ratings cut shares of TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a report on Tuesday, July 21st. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of TJX Companies in a research note on Thursday, May 21st.

TJX Companies Trading Up 0.2%

TJX Companies stock opened at $140.78 on Tuesday. The stock has a 50-day moving average of $155.10 and a two-hundred day moving average of $156.60. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15. TJX Companies has a one year low of $134.74 and a one year high of $170.00. The stock has a market cap of $155.51 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 2.71 and a beta of 0.62.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The business had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter last year, the company earned $1.10 earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. On average, research analysts anticipate that TJX Companies will post 5.22 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be paid a $0.48 dividend. The ex-dividend date is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. TJX Companies’s dividend payout ratio (DPR) is 35.49%.

Insider Transactions at TJX Companies

In related news, CEO Ernie Herrman sold 10,002 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.68, for a total value of $1,607,121.36. Following the sale, the chief executive officer owned 514,848 shares in the company, valued at $82,725,776.64. This represents a 1.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John Klinger sold 6,235 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the completion of the transaction, the chief financial officer owned 64,257 shares in the company, valued at approximately $10,330,597.89. This trade represents a 8.84% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 130,367 shares of company stock worth $20,959,476. 0.15% of the stock is owned by insiders.

Institutional Trading of TJX Companies

Several institutional investors and hedge funds have recently bought and sold shares of TJX. Coston McIsaac & Partners raised its stake in shares of TJX Companies by 11.3% during the 1st quarter. Coston McIsaac & Partners now owns 628 shares of the apparel and home fashions retailer’s stock valued at $100,000 after buying an additional 64 shares during the last quarter. Kohmann Bosshard Financial Services LLC boosted its stake in shares of TJX Companies by 11.0% in the first quarter. Kohmann Bosshard Financial Services LLC now owns 666 shares of the apparel and home fashions retailer’s stock worth $106,000 after buying an additional 66 shares during the last quarter. HBW Advisory Services LLC boosted its stake in shares of TJX Companies by 5.1% in the second quarter. HBW Advisory Services LLC now owns 1,357 shares of the apparel and home fashions retailer’s stock worth $206,000 after buying an additional 66 shares during the last quarter. Hohimer Wealth Management LLC grew its holdings in TJX Companies by 1.2% during the fourth quarter. Hohimer Wealth Management LLC now owns 5,595 shares of the apparel and home fashions retailer’s stock worth $859,000 after acquiring an additional 66 shares during the period. Finally, Verde Capital Management grew its holdings in TJX Companies by 0.7% during the fourth quarter. Verde Capital Management now owns 10,022 shares of the apparel and home fashions retailer’s stock worth $1,539,000 after acquiring an additional 67 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

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.