Wells Fargo & Company Issues Pessimistic Forecast for TJX Companies (NYSE:TJX) Stock Price

TJX Companies (NYSE:TJX) had its price target cut by equities research analysts at Wells Fargo & Company from $140.00 to $135.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the apparel and home fashions retailer’s stock. Wells Fargo & Company‘s price objective suggests a potential upside of 0.64% from the stock’s previous close.

TJX has been the subject of several other reports. Bank of America lowered their price objective on TJX Companies from $175.00 to $170.00 and set a “buy” rating for the company in a research report on Tuesday, October 27th. Wall Street Zen lowered TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. The Goldman Sachs Group decreased their target price on TJX Companies from $194.00 to $178.00 and set a “buy” rating for the company in a research note on Thursday, August 20th. Cantor Fitzgerald started coverage on TJX Companies in a report on Tuesday. They issued a “neutral” rating and a $139.00 target price for the company. Finally, Guggenheim set a $152.00 price target on TJX Companies and gave the company a “buy” rating in a research note on Monday, August 31st. Twenty analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $170.61.

TJX Companies Trading Down 1.4%

Shares of NYSE:TJX traded down $1.84 during trading on Friday, reaching $134.14. The stock had a trading volume of 1,871,970 shares, compared to its average volume of 6,047,732. TJX Companies has a 52 week low of $122.78 and a 52 week high of $170.00. 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 firm’s fifty day moving average is $136.08 and its 200 day moving average is $150.45. The stock has a market cap of $147.55 billion, a price-to-earnings ratio of 24.73, a P/E/G ratio of 2.58 and a beta of 0.58.

TJX Companies (NYSE:TJX) last announced 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. The business had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. TJX Companies’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $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, equities analysts forecast that TJX Companies will post 5.22 EPS for the current fiscal year.

Institutional Trading of TJX Companies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Portland Global Advisors LLC lifted its holdings in shares of TJX Companies by 80.6% in the 3rd quarter. Portland Global Advisors LLC now owns 3,453 shares of the apparel and home fashions retailer’s stock worth $457,000 after purchasing an additional 1,541 shares in the last quarter. Ilmarinen Mutual Pension Insurance Co increased its stake in TJX Companies by 5.6% during the 3rd quarter. Ilmarinen Mutual Pension Insurance Co now owns 190,000 shares of the apparel and home fashions retailer’s stock valued at $25,139,000 after purchasing an additional 10,000 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its holdings in TJX Companies by 82.7% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 645 shares of the apparel and home fashions retailer’s stock worth $85,000 after buying an additional 292 shares during the last quarter. Sumitomo Life Insurance Co. raised its holdings in TJX Companies by 207.5% during the third quarter. Sumitomo Life Insurance Co. now owns 62,778 shares of the apparel and home fashions retailer’s stock worth $8,306,000 after buying an additional 42,362 shares during the last quarter. Finally, TIAA CREF Individual & Institutional Services LLC bought a new position in shares of TJX Companies in the third quarter valued at $4,864,000. 91.09% of the stock is owned by institutional investors.

Top TJX Companies Stories

Here are a few of the latest stories about TJX:

• Neutral Sentiment: TJX announced that it will report fiscal Q3 results on November 18. Investors are watching the quarter’s key metrics for clues on performance and guidance. TJX Companies stock sets November 18 date for fiscal Q3 results
• Neutral Sentiment: Cantor Fitzgerald initiated coverage, but the available report does not specify its rating or price target. Separately, a report noted unusual options positioning in TJX; the described trades do not establish a clear directional outlook. Cantor Fitzgerald Initiates Coverage on TJX Companies Unusual options activity in OPEN, TJX, and SOFI
• Negative Sentiment: A valuation analysis argues TJX may be significantly overvalued relative to projected cash flows, adding to concerns about the stock’s valuation ahead of earnings. TJX Stock Could Be 43% Overvalued Despite Strong Cash Flow

TJX Companies Company Profile

The TJX Companies, Inc. is an off-price retailer that sells apparel, footwear, accessories, home furnishings and other merchandise through stores and e-commerce sites. Its buying approach focuses on offering brand-name and designer goods at prices generally below those of traditional retailers. The company operates retail chains including TJ Maxx, Marshalls, HomeGoods and Sierra in the United States; Winners, HomeSense and Marshalls in Canada; and TK Maxx and Homesense in Europe. Its stores carry a changing selection of products across categories such as clothing, home décor, furniture, beauty and outdoor gear.