TJX Companies (NYSE:TJX) Hits New 12-Month High on Analyst Upgrade

The TJX Companies, Inc. (NYSE:TJX) shares reached a new 52-week high during trading on Monday after TD Cowen raised their price target on the stock from $160.00 to $162.00. TD Cowen currently has a buy rating on the stock. TJX Companies traded as high as $146.82 and last traded at $146.7690, with a volume of 1971826 shares trading hands. The stock had previously closed at $144.61.

Other research analysts have also recently issued research reports about the company. Morgan Stanley increased their price objective on TJX Companies from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. BTIG Research started coverage on shares of TJX Companies in a report on Tuesday, October 14th. They issued a “buy” rating and a $165.00 price target for the company. Bank of America boosted their price objective on shares of TJX Companies from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Barclays upped their target price on shares of TJX Companies from $147.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Finally, Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, August 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, TJX Companies currently has an average rating of “Buy” and an average price target of $150.50.

Institutional Trading of TJX Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TJX. Vanguard Group Inc. raised its position in shares of TJX Companies by 0.8% in the third quarter. Vanguard Group Inc. now owns 101,961,786 shares of the apparel and home fashions retailer’s stock valued at $14,737,557,000 after buying an additional 820,730 shares during the last quarter. State Street Corp grew its stake in TJX Companies by 0.6% in the 2nd quarter. State Street Corp now owns 48,595,536 shares of the apparel and home fashions retailer’s stock worth $6,001,063,000 after acquiring an additional 285,737 shares during the period. Geode Capital Management LLC raised its holdings in TJX Companies by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 26,070,916 shares of the apparel and home fashions retailer’s stock valued at $3,205,927,000 after acquiring an additional 301,127 shares during the last quarter. Norges Bank purchased a new position in shares of TJX Companies during the 2nd quarter worth $1,808,774,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of TJX Companies by 0.3% during the first quarter. Ameriprise Financial Inc. now owns 13,068,312 shares of the apparel and home fashions retailer’s stock worth $1,591,758,000 after purchasing an additional 35,800 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

The firm has a market cap of $163.16 billion, a PE ratio of 33.43, a P/E/G ratio of 3.14 and a beta of 0.90. The stock has a 50-day moving average price of $141.57 and a 200 day moving average price of $132.84. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. The firm had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The firm’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company 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. Research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.70 annualized dividend and a yield of 1.2%. TJX Companies’s dividend payout ratio is 38.72%.

About TJX Companies

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.