TJX Companies (NYSE:TJX) Given New $184.00 Price Target at UBS Group

TJX Companies (NYSE:TJX) had its target price decreased by UBS Group from $198.00 to $184.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the apparel and home fashions retailer’s stock. UBS Group‘s target price would indicate a potential upside of 34.38% from the stock’s current price.

TJX has been the subject of a number of other reports. Erste Group Bank cut TJX Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Gordon Haskett downgraded shares of TJX Companies from a “buy” rating to an “accumulate” rating and set a $155.00 price target on the stock. in a research note on Thursday, August 20th. Jefferies Financial Group lowered shares of TJX Companies from a “buy” rating to a “hold” rating and lowered their price target for the company from $180.00 to $145.00 in a report on Wednesday, August 26th. Bank of America dropped their price objective on shares of TJX Companies from $175.00 to $170.00 and set a “buy” rating for the company in a research note on Tuesday, October 27th. Finally, The Goldman Sachs Group reduced their price objective on shares of TJX Companies from $194.00 to $178.00 and set a “buy” rating for the company in a report on Thursday, August 20th. Twenty-one research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $172.78.

TJX Companies Stock Performance

TJX Companies stock traded down $1.21 during trading hours on Tuesday, hitting $136.92. The stock had a trading volume of 3,051,669 shares, compared to its average volume of 6,057,828. The company has a 50-day moving average of $135.87 and a two-hundred day moving average of $150.68. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. The company has a market cap of $150.61 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58. TJX Companies has a fifty-two week low of $122.78 and a fifty-two week high of $170.00.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%. The company 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 EPS. 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, equities research analysts anticipate that TJX Companies will post 5.22 EPS for the current fiscal year.

Institutional Trading of TJX Companies

Several institutional investors have recently bought and sold shares of TJX. BlackRock Inc. acquired a new stake in shares of TJX Companies in the 2nd quarter valued at $16,489,926,000. State Street Corp grew its holdings in shares of TJX Companies by 2.9% in the 2nd quarter. State Street Corp now owns 49,709,223 shares of the apparel and home fashions retailer’s stock worth $7,530,947,000 after purchasing an additional 1,388,026 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of TJX Companies in the 2nd quarter worth about $3,511,553,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of TJX Companies by 7.6% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,560,007 shares of the apparel and home fashions retailer’s stock worth $1,902,841,000 after purchasing an additional 883,294 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of TJX Companies during the 2nd quarter worth about $1,598,731,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

Trending Headlines about TJX Companies

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

• Positive Sentiment: UBS expects largely in-line third-quarter results and says softer sales at the Marmaxx division are unlikely to undermine investor confidence, maintaining its Buy rating. TJX’s softer Marmaxx sales unlikely to dent bullish investor sentiment, UBS says
• Neutral Sentiment: Cantor Fitzgerald initiated coverage with a Neutral rating and a $139 price target, indicating a cautious, relatively measured view. Cantor Fitzgerald stock recommendations
• Neutral Sentiment: Marshalls launched a holiday gift-guide campaign with Lindsay Lohan and online creators. It may support seasonal visibility, but no expected sales impact was provided. Marshalls and Lindsay Lohan launch holiday gift guides
• Neutral Sentiment: A report says Wall Street’s average brokerage recommendation is favorable, but also cautions that analyst recommendations can be an unreliable standalone investment signal. Wall Street Bulls Look Optimistic About TJX
• Negative Sentiment: UBS cut its price target to $184 from $198, while keeping its Buy rating. Separately, estimates have eased ahead of the November earnings report, leaving results and sales trends—particularly at Marmaxx—as near-term watchpoints. UBS adjusts TJX price target TJX faces November earnings test as estimates ease

TJX Companies Company Profile

The TJX Companies, Inc. is an off-price retailer that sells apparel, footwear, accessories, home furnishings and other merchandise through stores and e-commerce sites. Its buying approach focuses on offering brand-name and designer goods at prices generally below those of traditional retailers. The company operates retail chains including TJ Maxx, Marshalls, HomeGoods and Sierra in the United States; Winners, HomeSense and Marshalls in Canada; and TK Maxx and Homesense in Europe. Its stores carry a changing selection of products across categories such as clothing, home décor, furniture, beauty and outdoor gear.