The TJX Companies, Inc. (NYSE:TJX) Stock Has Average Price Target of $171.63 According to Brokerages

Shares of The TJX Companies, Inc. (NYSE:TJX) have earned a consensus rating of “Moderate Buy” from the twenty-four ratings firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and twenty-one have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $174.86.

A number of research analysts have weighed in on TJX shares. 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, August 20th. Gordon Haskett reiterated an “accumulate” rating and issued a $155.00 price objective on shares of TJX Companies in a report on Thursday, August 20th. Weiss Ratings downgraded shares of TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. lifted their target price on TJX Companies from $168.00 to $171.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. Finally, UBS Group restated a “buy” rating and issued a $198.00 price target (up from $197.00) on shares of TJX Companies in a research note on Thursday, August 20th.

Institutional Investors Weigh In On TJX Companies

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in TJX Companies in the 2nd quarter valued at $16,489,926,000. Bank of America Corp DE bought a new stake in TJX Companies in the second quarter worth about $3,511,553,000. Bank of New York Mellon Corp bought a new position in shares of TJX Companies during the 2nd quarter valued at approximately $1,598,731,000. Primecap Management Co. CA bought a new stake in shares of TJX Companies in the 2nd quarter worth approximately $1,435,617,000. Finally, Deutsche Bank AG bought a new position in TJX Companies during the second quarter valued at $866,901,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies News Summary

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: Weak consumer confidence, persistent inflation concerns and higher borrowing costs may encourage shoppers to move toward discount retailers. This could support TJX’s TJ Maxx and Marshalls banners as consumers seek lower prices. TJX Stock And Other US Retail Trade Down Winners To Watch
• Positive Sentiment: CNBC’s Investing Club said new data strengthened its confidence in a TJX recovery, reinforcing the view that the company could be a relative winner if consumers increasingly prioritize value. New data strengthens our faith in a TJX comeback
• Positive Sentiment: Analyst price targets remain materially above the current share price, with one report citing an average target of about $171.63. Evercore ISI trimmed its target modestly to $173 from $175, but the revised target still implies substantial potential upside. Evercore ISI Adjusts TJX Companies Price Target
• Neutral Sentiment: Analyst commentary on TJX and other consumer-cyclical stocks is mixed, indicating disagreement over whether value retail’s defensive characteristics will outweigh broader discretionary-spending risks. Analysts Offer Insights on Consumer Cyclical Companies
• Negative Sentiment: Reports that MarMaxx comparable sales increased only 1.0% and that TJ Maxx and Marshalls may be experiencing softer customer traffic raise concerns about slowing momentum and near-term sales growth. Softer traffic tests TJX Companies stock
• Negative Sentiment: Jim Cramer highlighted that TJX shares had fallen sharply since early August, while also saying he owns the stock but did not want to hype his position. The comments underscore weak recent performance without providing a new fundamental catalyst. Jim Cramer On TJX Companies

TJX Companies Stock Up 0.1%

Shares of TJX Companies stock opened at $138.86 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. TJX Companies has a 12 month low of $122.78 and a 12 month high of $170.00. The stock has a market cap of $152.75 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 2.50 and a beta of 0.56. The business has a fifty day simple moving average of $138.42 and a 200 day simple moving average of $150.65.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The business had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same period last year, the company posted $1.10 EPS. TJX Companies’s revenue for the quarter 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. Research analysts predict that TJX Companies will post 5.22 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 12th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, November 12th. TJX Companies’s dividend payout ratio (DPR) is 35.49%.

TJX Companies Company Profile

The TJX Companies, Inc is an off-price retailer that sells apparel, footwear, accessories, home furnishings and other merchandise at prices generally below those of traditional department and specialty stores. Its inventory typically includes branded, designer and name-brand products purchased through opportunistic buying, including order cancellations, excess production and closeout merchandise. Product selection and pricing can vary by store and change frequently.

The company operates a portfolio of retail chains in the United States, Canada, Europe and Australia.