TJX Companies (NYSE:TJX) Hits New 1-Year Low – Here’s Why

The TJX Companies, Inc. (NYSE:TJX)’s stock price reached a new 52-week low during trading on Tuesday . The company 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.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on TJX shares. JPMorgan Chase & Co. upped their price objective on TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Sanford C. Bernstein restated an “outperform” rating and issued a $175.00 price target on shares of TJX Companies in a research note on Tuesday, August 25th. Jefferies Financial Group downgraded TJX Companies from a “buy” rating to a “hold” rating and lowered their price target for the company from $180.00 to $145.00 in a report on Wednesday, August 26th. Gordon Haskett reiterated an “accumulate” rating and issued a $155.00 price objective on shares of TJX Companies in a report on Thursday, August 20th. Finally, Morgan Stanley set a $178.00 target price on TJX Companies and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $171.63.

TJX Companies Price Performance

The firm has a fifty day moving average price of $149.63 and a two-hundred day moving average price of $155.17. The stock has a market capitalization of $142.75 billion, a P/E ratio of 24.02, a PEG ratio of 2.38 and a beta of 0.60. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15.

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

Insider Activity

In other news, Director Jackwyn Nemerov sold 957 shares of the company’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the sale, the director owned 802 shares of the company’s stock, valued at $135,209.18. This represents a 54.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.15% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its position in TJX Companies by 120.3% during 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 in the last quarter. Entrust Financial LLC purchased a new stake in TJX Companies in the 4th quarter worth approximately $26,000. Wilkerson Advisory Group LLC bought a new stake in TJX Companies during the 4th quarter worth approximately $26,000. IMG Wealth Management Inc. lifted its holdings in TJX Companies by 65.7% during the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock valued at $27,000 after purchasing an additional 69 shares in the last quarter. Finally, Cetera Trust Company N.A purchased a new position in TJX Companies during the second quarter valued at approximately $27,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Company Profile

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.