TJX Companies (NYSE:TJX) Rating Lowered to “Hold” at Gordon Haskett

TJX Companies (NYSE:TJX) was downgraded by research analysts at Gordon Haskett from an “accumulate” rating to a “hold” rating in a report issued on Friday, MarketBeat reports. They currently have a $130.00 price objective on the apparel and home fashions retailer’s stock. Gordon Haskett‘s price target points to a potential downside of 3.23% from the company’s previous close.

Several other research analysts also recently commented on TJX. Wolfe Research initiated coverage on TJX Companies in a report on Wednesday, October 21st. They issued a “peer perform” rating on the stock. Guggenheim set a $152.00 target price on TJX Companies and gave the company a “buy” rating in a report on Monday, August 31st. Sanford C. Bernstein restated an “outperform” rating and set a $175.00 target price on shares of TJX Companies in a report on Tuesday, August 25th. Wall Street Zen lowered TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of TJX Companies in a research note on Monday, October 19th. Twenty research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $170.61.

TJX Companies Trading Down 1.2%

Shares of TJX traded down $1.64 during mid-day trading on Friday, reaching $134.34. The company’s stock had a trading volume of 9,001,718 shares, compared to its average volume of 5,768,985. TJX Companies has a 52 week low of $122.78 and a 52 week high of $170.00. The stock has a market cap of $147.77 billion, a PE ratio of 24.83, a P/E/G ratio of 2.57 and a beta of 0.58. The company’s fifty day moving average price is $136.13 and its two-hundred day moving average price is $150.38. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating the consensus estimate of $1.19 by $0.03. The company had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.10 EPS. 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, analysts predict that TJX Companies will post 5.22 earnings per share for the current fiscal year.

Institutional Trading of TJX Companies

Several large investors have recently modified their holdings of TJX. BlackRock Inc. bought a new position in TJX Companies during the 2nd quarter valued at approximately $16,489,926,000. Bank of America Corp DE purchased a new stake in TJX Companies in the 2nd quarter worth approximately $3,511,553,000. Bank of New York Mellon Corp bought a new stake in shares of TJX Companies in the 2nd quarter worth 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 stake in shares of TJX Companies in the 2nd quarter worth approximately $866,901,000. 91.09% of the stock is owned by institutional investors.

TJX Companies News Roundup

Here’s some of the latest news about TJX:

• Neutral Sentiment: Investors are looking ahead to the November 18 earnings release. Previews focus on key operating metrics, but provide no actual results yet. Seeking Clues to TJX Q3 Earnings
• Negative Sentiment: Gordon Haskett downgraded TJX from “accumulate” to “hold” and set a $130 price target, below the stock’s cited $134.34 level. The more cautious rating may add pressure ahead of earnings. Gordon Haskett recommendations
• Negative Sentiment: Wells Fargo lowered its price target from $140 to $135 and maintained an “equal weight” rating, signaling limited expected upside at the cited share price. Wells Fargo adjusts TJX price target

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.