Brokerages Set The TJX Companies, Inc. (NYSE:TJX) Price Target at $174.58

Shares of The TJX Companies, Inc. (NYSE:TJX) have earned an average rating of “Buy” from the twenty-three research firms that are currently covering the firm, MarketBeat.com reports. Twenty equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $174.5789.

Several analysts have recently issued reports on TJX shares. Telsey Advisory Group boosted their price objective 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. JPMorgan Chase & Co. increased their target price on TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Argus upgraded TJX Companies to a “strong-buy” rating in a report on Tuesday, March 3rd. Citigroup reissued a “buy” rating and set a $182.00 price target (up from $168.00) on shares of TJX Companies in a research report on Thursday, May 21st. Finally, Weiss Ratings lowered TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a research note on Friday, May 8th.

TJX Companies Stock Up 1.8%

TJX opened at $167.81 on Thursday. TJX Companies has a 12 month low of $119.84 and a 12 month high of $167.92. The business has a 50-day moving average of $157.32 and a two-hundred day moving average of $155.88. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54. The stock has a market capitalization of $185.38 billion, a price-to-earnings ratio of 32.58, a price-to-earnings-growth ratio of 3.58 and a beta of 0.62.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.17. TJX Companies had a net margin of 9.40% and a return on equity of 57.92%. The business had revenue of $14.32 billion for the quarter, compared to analysts’ expectations of $14.02 billion. During the same period last year, the company earned $0.92 earnings per share. The company’s quarterly revenue was up 9.2% on a year-over-year basis. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. On average, research analysts expect that TJX Companies will post 5.15 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.48 per share. The ex-dividend date is Thursday, August 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.1%. TJX Companies’s payout ratio is presently 37.28%.

Key Headlines Impacting TJX Companies

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: Wall Street commentary remained constructive, with analysts and media coverage highlighting TJX’s ability to keep gaining market share from department stores and its strong value-and-selection proposition. TJX Positioned for Continued Market Share Gains From Department Stores, UBS Says
• Positive Sentiment: The company announced a quarterly dividend of $0.48 per share, reinforcing its cash-generation profile and shareholder-friendly capital return policy. The TJX Companies, Inc. Announces Quarterly Common Stock Dividend
• Positive Sentiment: Recent reporting also pointed to stronger-than-expected comparable sales, suggesting continued demand for TJX’s off-price formats even as other retailers work through excess inventory. Will Stronger-Than-Expected Comps and New Debt Shelf Shape TJX Companies’ (TJX) Investment Narrative?
• Neutral Sentiment: Articles questioning whether TJX is a “buy” based on average analyst recommendations were largely opinion-driven and did not include a major new rating change. Is TJX (TJX) a Buy as Wall Street Analysts Look Optimistic?
• Neutral Sentiment: A recent insider sale by Chairman Carol Meyrowitz may attract some attention, but insider sales are often interpreted cautiously and do not necessarily signal a deterioration in the business. Chairman Carol Meyrowitz sold shares

Insider Buying and Selling

In other TJX Companies news, Chairman Carol Meyrowitz sold 55,624 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the completion of the sale, the chairman directly owned 201,496 shares in the company, valued at $32,974,820.40. The trade was a 21.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernie Herrman sold 10,002 shares of the business’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the sale, the chief executive officer owned 514,848 shares of the company’s stock, valued at approximately $82,725,776.64. This represents a 1.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 129,410 shares of company stock valued at $20,798,135. 0.13% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TJX Companies

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Banco Santander S.A. grew its stake in TJX Companies by 24.6% during the 3rd quarter. Banco Santander S.A. now owns 160,368 shares of the apparel and home fashions retailer’s stock valued at $23,180,000 after purchasing an additional 31,631 shares in the last quarter. Swiss Life Asset Management Ltd grew its position in shares of TJX Companies by 9.5% during the fourth quarter. Swiss Life Asset Management Ltd now owns 373,430 shares of the apparel and home fashions retailer’s stock worth $57,363,000 after buying an additional 32,407 shares in the last quarter. Family Capital Trust Co increased its stake in shares of TJX Companies by 1,080.0% in the fourth quarter. Family Capital Trust Co now owns 13,523 shares of the apparel and home fashions retailer’s stock worth $2,077,000 after buying an additional 12,377 shares during the last quarter. Nordea Investment Management AB raised its holdings in TJX Companies by 6.0% in the fourth quarter. Nordea Investment Management AB now owns 7,479,163 shares of the apparel and home fashions retailer’s stock valued at $1,155,830,000 after acquiring an additional 420,232 shares in the last quarter. Finally, Wealthfront Advisers LLC raised its holdings in TJX Companies by 4.9% in the third quarter. Wealthfront Advisers LLC now owns 171,820 shares of the apparel and home fashions retailer’s stock valued at $24,835,000 after acquiring an additional 8,006 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

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.