TJX Companies (NYSE:TJX) Hits New 12-Month Low – Here’s Why

The TJX Companies, Inc. (NYSE:TJX)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as $129.69 and last traded at $130.1680, with a volume of 2223306 shares changing hands. The stock had previously closed at $132.08.

Analysts Set New Price Targets

A number of brokerages recently issued reports on TJX. Gordon Haskett restated an “accumulate” rating and issued a $155.00 price target on shares of TJX Companies in a research report on Thursday, August 20th. Barclays set a $188.00 price objective on shares of TJX Companies and gave the company an “overweight” rating in a research report on Thursday, August 20th. Telsey Advisory Group increased their target price on shares of TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Truist Financial set a $190.00 target price on shares of TJX Companies and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, Guggenheim set a $152.00 price target on shares of TJX Companies in a research note on Monday, August 31st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $171.63.

TJX Companies Trading Down 2.2%

The stock has a fifty day moving average of $148.67 and a 200-day moving average of $154.75. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15. The company has a market cap of $138.65 billion, a PE ratio of 23.30, a PEG ratio of 2.32 and a beta of 0.60.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share 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 business had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same quarter last year, the firm posted $1.10 earnings per share. The business’s revenue was up 5.4% compared to the same quarter last year. 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. Sell-side analysts anticipate that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

Institutional Investors Weigh In On TJX Companies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna grew its stake in 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 worth $25,000 after purchasing an additional 89 shares in the last quarter. Entrust Financial LLC purchased a new stake in shares of TJX Companies in the 4th quarter worth $26,000. Wilkerson Advisory Group LLC purchased a new stake in shares of TJX Companies in the 4th quarter worth $26,000. IMG Wealth Management Inc. grew its position in shares of TJX Companies by 65.7% during the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after buying an additional 69 shares in the last quarter. Finally, Cetera Trust Company N.A bought a new position in shares of TJX Companies during the 2nd quarter worth $27,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Company Profile

The TJX Companies, Inc is an off-price retailer specializing in apparel and home fashions. The company sells brand-name, designer and other merchandise at prices generally below those of full-price retailers. Its product assortment includes women’s, men’s and children’s clothing, footwear, accessories, beauty products, home furnishings, decor and other household goods.

TJX operates through a portfolio of retail banners, including T.J. Maxx, Marshalls, HomeGoods, Sierra and Homesense in the United States; Winners, HomeSense and Marshalls in Canada; and TK Maxx and Homesense in Europe and Australia.