Erste Group Bank Forecasts Lower Earnings for TJX Companies

The TJX Companies, Inc. (NYSE:TJX) – Equities research analysts at Erste Group Bank lowered their FY2027 earnings per share (EPS) estimates for TJX Companies in a report released on Wednesday, October 21st. Erste Group Bank analyst H. Engel now expects that the apparel and home fashions retailer will post earnings per share of $5.23 for the year, down from their previous forecast of $5.24. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for TJX Companies’ current full-year earnings is $5.22 per share.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. The firm 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%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the company 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.

A number of other equities research analysts also recently weighed in on the stock. Gordon Haskett reissued an “accumulate” rating and set a $155.00 price target on shares of TJX Companies in a research note on Thursday, August 20th. Jefferies Financial Group cut shares of TJX Companies from a “buy” rating to a “hold” rating and reduced their price objective for the company from $180.00 to $145.00 in a research note on Wednesday, August 26th. Wall Street Zen cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Daiwa Securities Group lowered their target price on shares of TJX Companies from $168.00 to $155.00 in a report on Tuesday, August 25th. Finally, Morgan Stanley set a $178.00 target price on shares of TJX Companies and gave the company an “overweight” rating in a research report on Thursday, August 20th. Twenty-one investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, TJX Companies currently has a consensus rating of “Moderate Buy” and an average price target of $174.86.

TJX Companies Stock Performance

TJX Companies stock opened at $147.36 on Friday. The company has a market cap of $162.10 billion, a PE ratio of 28.42, a PEG ratio of 2.62 and a beta of 0.56. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18. TJX Companies has a 1 year low of $122.78 and a 1 year high of $170.00. The company’s 50-day moving average is $136.16 and its two-hundred day moving average is $149.76.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 12th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Thursday, November 12th. TJX Companies’s dividend payout ratio (DPR) is currently 35.49%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TJX. Danske Bank A S acquired a new stake in TJX Companies during the 2nd quarter worth $829,000. Man Group plc bought a new position in TJX Companies during the second quarter worth about $217,422,000. Sigma Planning Corp grew its stake in TJX Companies by 82.0% in the second quarter. Sigma Planning Corp now owns 20,903 shares of the apparel and home fashions retailer’s stock valued at $3,167,000 after acquiring an additional 9,417 shares during the period. Bank of America Corp DE acquired a new position in TJX Companies in the second quarter valued at about $3,511,553,000. Finally, Sequoia Financial Advisors LLC grew its stake in TJX Companies by 6.6% in the second quarter. Sequoia Financial Advisors LLC now owns 241,412 shares of the apparel and home fashions retailer’s stock valued at $36,574,000 after acquiring an additional 14,878 shares during the period. Institutional investors own 91.09% of the company’s stock.

About TJX Companies

The TJX Companies, Inc (NYSE: TJX) is an off-price retailer specializing in apparel, footwear, accessories, and home merchandise. Its stores offer branded and designer products at prices generally below those of full-price retailers, using a flexible purchasing model that allows the company to acquire merchandise from manufacturers, retailers, and other suppliers.

The company operates a portfolio of retail banners, including T.J. Maxx, Marshalls, HomeGoods, Sierra, and Homesense in the United States; Winners, HomeSense, and Marshalls in Canada; and TK Maxx and Homesense in Europe and Australia.