Recent Investment Analysts’ Ratings Updates for TJX Companies (TJX)

A number of research firms have changed their ratings and price targets for TJX Companies (NYSE: TJX):

• 11/22/2024 – TJX Companies was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 11/22/2024 – TJX Companies had its price target raised by analysts at TD Cowen from $130.00 to $132.00. They now have a “buy” rating on the stock.
• 11/21/2024 – TJX Companies had its price target raised by analysts at Evercore ISI from $138.00 to $142.00. They now have an “outperform” rating on the stock.
• 11/21/2024 – TJX Companies had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $130.00 to $131.00. They now have a “buy” rating on the stock.
• 11/20/2024 – TJX Companies had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $134.00 price target on the stock.
• 11/15/2024 – TJX Companies had its price target raised by analysts at TD Cowen from $125.00 to $130.00. They now have a “buy” rating on the stock.
• 11/13/2024 – TJX Companies had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $134.00 price target on the stock.

TJX Companies Price Performance

TJX opened at $124.84 on Tuesday. The stock has a fifty day simple moving average of $116.63 and a two-hundred day simple moving average of $112.69. The company has a market cap of $140.80 billion, a price-to-earnings ratio of 29.37, a price-to-earnings-growth ratio of 2.99 and a beta of 0.89. The company has a current ratio of 1.19, a quick ratio of 0.50 and a debt-to-equity ratio of 0.35. The TJX Companies, Inc. has a 12-month low of $87.44 and a 12-month high of $125.43.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $13.95 billion. During the same quarter in the prior year, the business earned $1.03 EPS. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. Research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Thursday, November 14th will be paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Thursday, November 14th. TJX Companies’s dividend payout ratio (DPR) is currently 35.29%.

Insider Buying and Selling at TJX Companies

In related news, CEO Ernie Herrman sold 15,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $117.54, for a total value of $1,763,100.00. Following the sale, the chief executive officer now directly owns 536,148 shares in the company, valued at approximately $63,018,835.92. The trade was a 2.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On TJX Companies

Institutional investors and hedge funds have recently made changes to their positions in the business. Richard W. Paul & Associates LLC purchased a new position in shares of TJX Companies during the second quarter valued at approximately $25,000. Capital Performance Advisors LLP bought a new position in TJX Companies in the 3rd quarter valued at $29,000. Legacy Investment Solutions LLC purchased a new stake in TJX Companies in the third quarter worth $30,000. Truvestments Capital LLC bought a new stake in shares of TJX Companies during the third quarter worth $29,000. Finally, Copeland Capital Management LLC purchased a new stake in shares of TJX Companies during the third quarter valued at $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

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.