TJX Companies (NYSE:TJX) Shares Down 1.6% – What’s Next?

The TJX Companies, Inc. (NYSE:TJX) dropped 1.6% during trading on Wednesday . The stock traded as low as $152.75 and last traded at $152.8260. Approximately 3,083,091 shares changed hands during trading, a decline of 43% from the average daily volume of 5,363,700 shares. The stock had previously closed at $155.38.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of TJX Companies from $154.00 to $173.00 and gave the company an “overweight” rating in a research note on Monday, February 23rd. Weiss Ratings reissued a “buy (b+)” rating on shares of TJX Companies in a research note on Wednesday, January 21st. Wells Fargo & Company restated a “positive” rating and issued a $150.00 target price (up from $145.00) on shares of TJX Companies in a research report on Tuesday, December 16th. UBS Group reaffirmed a “buy” rating on shares of TJX Companies in a research note on Wednesday, March 4th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $170.00 price target on shares of TJX Companies in a report on Tuesday, January 6th. Three analysts have rated the stock with a Strong Buy rating and twenty-two have given a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $167.55.

TJX Companies Stock Performance

The company has a fifty day moving average price of $155.64 and a two-hundred day moving average price of $149.71. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59. The company has a market capitalization of $169.71 billion, a P/E ratio of 31.32, a PEG ratio of 3.59 and a beta of 0.73.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, topping the consensus estimate of $1.38 by $0.05. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The business had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.36 billion. During the same period last year, the company earned $1.23 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. 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. Equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Insider Activity at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the transaction, the chief executive officer owned 479,316 shares in the company, valued at approximately $77,145,910.20. The trade was a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna grew its position in shares of TJX Companies by 120.3% in the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock valued at $25,000 after buying an additional 89 shares during the last quarter. Entrust Financial LLC bought a new position in shares of TJX Companies during the fourth quarter worth about $26,000. Wilkerson Advisory Group LLC acquired a new position in shares of TJX Companies in the fourth quarter worth approximately $26,000. IMG Wealth Management Inc. lifted its stake in shares of TJX Companies by 65.7% in the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after acquiring an additional 69 shares during the period. Finally, Joseph Group Capital Management bought a new stake in TJX Companies in the fourth quarter valued at approximately $27,000. 91.09% of the stock is owned by institutional investors.

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.