TJX Companies (NYSE:TJX) Cut to Hold at Erste Group Bank

Erste Group Bank downgraded shares of TJX Companies (NYSE:TJX) from a buy rating to a hold rating in a report released on Wednesday morning, MarketBeat Ratings reports.

A number of other research firms have also weighed in on TJX. Telsey Advisory Group upped their target price on shares of TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. UBS Group reiterated a “buy” rating on shares of TJX Companies in a research note on Tuesday, June 9th. JPMorgan Chase & Co. boosted their price target on shares of TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Barclays reiterated an “overweight” rating and set a $190.00 price target (up from $183.00) on shares of TJX Companies in a report on Thursday, May 21st. Finally, Wall Street Zen lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, June 27th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $176.89.

TJX Companies Trading Down 0.2%

NYSE:TJX opened at $154.51 on Wednesday. The firm has a market cap of $170.69 billion, a PE ratio of 30.00, a price-to-earnings-growth ratio of 3.35 and a beta of 0.63. The stock has a fifty day moving average price of $156.54 and a 200 day moving average price of $156.53. TJX Companies has a 12-month low of $122.00 and a 12-month high of $170.00. The company has a current ratio of 1.14, a quick ratio of 0.54 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 EPS for the quarter, topping the consensus estimate of $1.02 by $0.17. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The firm had revenue of $14.32 billion during the quarter, compared to analysts’ expectations of $14.02 billion. During the same period in the previous year, the firm posted $0.92 EPS. TJX Companies’s revenue for the quarter 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. Sell-side analysts anticipate that TJX Companies will post 5.17 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be paid a dividend of $0.48 per share. The ex-dividend date is Thursday, August 13th. This represents a $1.92 annualized dividend and a yield of 1.2%. TJX Companies’s payout ratio is presently 37.28%.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 29,549 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the completion of the sale, the chief executive officer owned 552,850 shares in the company, valued at approximately $87,051,761. The trade was a 5.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John Klinger sold 6,235 shares of the company’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the completion of the transaction, the chief financial officer owned 64,257 shares of the company’s stock, valued at approximately $10,330,597.89. The trade was a 8.84% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 130,367 shares of company stock valued at $20,959,476. 0.15% of the stock is owned by company insiders.

Institutional Investors Weigh In On TJX Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of TJX Companies during the fourth quarter worth approximately $2,211,975,000. Diamant Asset Management Inc. raised its position in TJX Companies by 15,998.0% in the 1st quarter. Diamant Asset Management Inc. now owns 3,779,983 shares of the apparel and home fashions retailer’s stock valued at $603,663,000 after purchasing an additional 3,756,502 shares during the last quarter. Corient Private Wealth LLC raised its position in TJX Companies by 120.7% in the 2nd quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock valued at $620,406,000 after purchasing an additional 2,743,676 shares during the last quarter. Amundi boosted its stake in TJX Companies by 22.1% during the 3rd quarter. Amundi now owns 9,725,542 shares of the apparel and home fashions retailer’s stock worth $1,391,822,000 after purchasing an additional 1,761,281 shares during the period. Finally, AQR Capital Management LLC boosted its stake in TJX Companies by 57.3% during the 4th quarter. AQR Capital Management LLC now owns 4,814,467 shares of the apparel and home fashions retailer’s stock worth $739,550,000 after purchasing an additional 1,753,155 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting TJX Companies

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

• Positive Sentiment: TJX is being cited as one of the retail stocks positioned to benefit from stronger June retail sales and surging online spending, reinforcing the view that off-price retail demand remains resilient. 5 Solid Stocks to Boost Your Portfolio as Retail Sales Continue to Surge
• Positive Sentiment: A recent market note says TJX has risen on earnings optimism, with investors focusing on whether the company can deliver another strong quarter and justify its premium valuation. Can TJX Companies (TJX) Justify Its Valuation After Rising On Earnings Optimism?
• Positive Sentiment: TJX was also highlighted in “great rotation” commentary as a stock that could benefit if investors continue moving away from megacap tech and into consumer and value-oriented names. The Great Rotation: 5 Stocks Set to Win as Money Leaves Megacap Tech
• Neutral Sentiment: Recent commentary also notes that TJX has been mixed over the past month, despite strong longer-term returns, suggesting investors are weighing growth durability against the stock’s already rich run. Can TJX Companies (TJX) Justify Its Valuation After Rising On Earnings Optimism?
• Negative Sentiment: Valuation remains a concern, with analysts questioning how much upside is left after the stock’s strong performance, which could limit near-term gains. Can TJX Companies (TJX) Justify Its Valuation After Rising On Earnings Optimism?
• Negative Sentiment: Erste Group Bank reportedly downgraded TJX to Hold, adding a note of caution around the stock’s near-term risk/reward. TJX Companies (NYSE:TJX) Downgraded by Erste Group Bank to “Hold”

About TJX Companies

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.