TJX Companies (NYSE:TJX) Now Covered by Cantor Fitzgerald

Stock analysts at Cantor Fitzgerald began coverage on shares of TJX Companies (NYSE:TJX) in a report released on Tuesday, Marketbeat.com reports. The firm set a “neutral” rating and a $139.00 price target on the apparel and home fashions retailer’s stock. Cantor Fitzgerald‘s price objective indicates a potential upside of 0.71% from the stock’s current price.

Other research analysts also recently issued reports about the stock. The Goldman Sachs Group cut their target price on shares of TJX Companies from $194.00 to $178.00 and set a “buy” rating on the stock in a research report on Thursday, August 20th. Jefferies Financial Group downgraded shares of TJX Companies from a “buy” rating to a “hold” rating and dropped their price target for the stock from $180.00 to $145.00 in a research note on Wednesday, August 26th. Daiwa Securities Group cut their price objective on shares of TJX Companies from $168.00 to $155.00 in a report on Tuesday, August 25th. Erste Group Bank cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Finally, Gordon Haskett lowered shares of TJX Companies from a “buy” rating to an “accumulate” rating and set a $155.00 target price for the company. in a report on Thursday, August 20th. Twenty-one research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies presently has an average rating of “Moderate Buy” and a consensus target price of $173.39.

TJX Companies Trading Up 2.0%

TJX stock opened at $138.02 on Tuesday. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. TJX Companies has a twelve month low of $122.78 and a twelve month high of $170.00. The company has a market cap of $151.82 billion, a P/E ratio of 28.27, a PEG ratio of 2.74 and a beta of 0.58. The business has a fifty day moving average of $135.87 and a 200-day moving average of $150.68.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.03. The business had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business 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 research analysts expect that TJX Companies will post 5.22 EPS for the current year.

Institutional Trading of TJX Companies

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

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.

TJX traces its history to the Zayre discount retail business and became The TJX Companies in 1987.