Brokerages Set The TJX Companies, Inc. (NYSE:TJX) Target Price at $176.89

The TJX Companies, Inc. (NYSE:TJX) has been given a consensus recommendation of “Buy” by the twenty-two brokerages that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation, nineteen have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $176.8889.

TJX has been the topic of a number of recent research reports. Erste Group Bank lowered TJX Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. JPMorgan Chase & Co. boosted their target price on shares of TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Weiss Ratings lowered shares of TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. Citigroup reiterated a “buy” rating and issued a $182.00 price target (up from $168.00) on shares of TJX Companies in a research note on Thursday, May 21st. Finally, Barclays restated an “overweight” rating and set a $190.00 price objective (up from $183.00) on shares of TJX Companies in a research note on Thursday, May 21st.

TJX Companies Trading Down 0.0%

NYSE TJX opened at $154.15 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54. The firm has a market cap of $170.29 billion, a P/E ratio of 29.93, a P/E/G ratio of 3.34 and a beta of 0.63. The stock’s 50-day moving average is $157.19 and its 200-day moving average is $156.55. TJX Companies has a one year low of $123.78 and a one year high of $170.00.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. The firm had revenue of $14.32 billion for the quarter, compared to analyst estimates of $14.02 billion. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The business’s revenue was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.92 earnings per share. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. Sell-side analysts anticipate that TJX Companies will post 5.17 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a dividend of $0.48 per share. The ex-dividend date is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. TJX Companies’s dividend payout ratio (DPR) is presently 37.28%.

Insiders Place Their Bets

In other TJX Companies news, Chairman Carol Meyrowitz sold 55,624 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the transaction, the chairman owned 201,496 shares of the company’s stock, valued at $32,974,820.40. The trade was a 21.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernie Herrman sold 29,549 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $157.46, for a total value of $4,652,785.54. Following the completion of the sale, the chief executive officer owned 552,850 shares in the company, valued at $87,051,761. This represents a 5.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 130,367 shares of company stock worth $20,959,476. Company insiders own 0.15% of the company’s stock.

Institutional Investors Weigh In On TJX Companies

A number of large investors have recently added to or reduced their stakes in TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its holdings in shares of TJX Companies by 120.3% in the fourth 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 purchasing an additional 89 shares during the last quarter. Entrust Financial LLC bought a new stake in shares of TJX Companies during the 4th quarter worth about $26,000. Wilkerson Advisory Group LLC bought a new stake in shares of TJX Companies during the 4th quarter worth about $26,000. Joseph Group Capital Management acquired a new position in TJX Companies in the 4th quarter valued at about $27,000. Finally, IMG Wealth Management Inc. grew its stake in TJX Companies by 65.7% in the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock valued at $27,000 after buying an additional 69 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

About TJX Companies

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.