TD Cowen Boosts TJX Companies (NYSE:TJX) Price Target to $162.00

TJX Companies (NYSE:TJX) had its price target upped by TD Cowen from $160.00 to $162.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the apparel and home fashions retailer’s stock. TD Cowen’s target price indicates a potential upside of 10.84% from the stock’s previous close.

TJX has been the subject of several other reports. Weiss Ratings reissued a “buy (b+)” rating on shares of TJX Companies in a research note on Wednesday, October 8th. BTIG Research initiated coverage on TJX Companies in a research note on Tuesday, October 14th. They issued a “buy” rating and a $165.00 price target on the stock. Sanford C. Bernstein boosted their price objective on TJX Companies from $145.00 to $152.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Wells Fargo & Company set a $140.00 target price on shares of TJX Companies and gave the stock an “equal weight” rating in a report on Monday, October 27th. Finally, JPMorgan Chase & Co. boosted their price target on shares of TJX Companies from $148.00 to $149.00 and gave the company an “overweight” rating in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, TJX Companies has an average rating of “Buy” and a consensus target price of $150.50.

TJX Companies Price Performance

TJX Companies stock traded up $1.55 during midday trading on Monday, hitting $146.16. The company’s stock had a trading volume of 1,440,043 shares, compared to its average volume of 5,179,846. TJX Companies has a 12 month low of $112.10 and a 12 month high of $146.46. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $162.66 billion, a PE ratio of 33.28, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90. The stock’s 50-day moving average price is $141.57 and its 200-day moving average price is $132.84.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. The business had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 EPS. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. Analysts anticipate that TJX Companies will post 4.18 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TJX Companies

Hedge funds have recently added to or reduced their stakes in the company. Lavaca Capital LLC acquired a new stake in shares of TJX Companies in the 2nd quarter valued at $25,000. TCTC Holdings LLC raised its holdings in TJX Companies by 210.1% during the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock valued at $26,000 after buying an additional 145 shares in the last quarter. Princeton Global Asset Management LLC acquired a new stake in shares of TJX Companies in the second quarter worth about $28,000. Howard Hughes Medical Institute bought a new stake in shares of TJX Companies during the 2nd quarter worth about $30,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of TJX Companies during the 2nd quarter valued at about $32,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Company Profile

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.