TJX Companies (NYSE:TJX) Shares Cross Below Fifty Day Moving Average – Time to Sell?

The TJX Companies, Inc. (NYSE:TJX)’s stock price crossed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $135.81 and traded as low as $134.69. TJX Companies shares last traded at $135.2590, with a volume of 7,159,244 shares.

Analyst Ratings Changes

Several research firms recently issued reports on TJX. Erste Group Bank downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $175.00 price target on shares of TJX Companies in a research note on Tuesday, August 25th. Gordon Haskett downgraded shares of TJX Companies from a “buy” rating to an “accumulate” rating and set a $155.00 target price on the stock. in a research report on Thursday, August 20th. Wolfe Research initiated coverage on TJX Companies in a research note on Wednesday, October 21st. They issued a “peer perform” rating on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of TJX Companies in a research note on Monday, October 19th. Twenty-one equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, TJX Companies presently has a consensus rating of “Moderate Buy” and an average price target of $174.95.

TJX Companies Stock Performance

The stock’s 50-day simple moving average is $135.81 and its 200 day simple moving average is $150.77. The stock has a market capitalization of $148.78 billion, a price-to-earnings ratio of 25.00, a price-to-earnings-growth ratio of 2.67 and a beta of 0.58. 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 (NYSE:TJX) last announced its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.03. The company had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. TJX Companies’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm 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. Analysts expect that The TJX Companies, Inc. will post 5.22 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, December 3rd. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.48 per share. The ex-dividend date is Thursday, November 12th. This represents a $1.92 annualized dividend and a yield of 1.4%. TJX Companies’s payout ratio is presently 35.49%.

Institutional Trading of TJX Companies

Hedge funds have recently made changes to their positions in the business. Legacy Trust lifted its position in shares of TJX Companies by 2.0% during the third quarter. Legacy Trust now owns 15,976 shares of the apparel and home fashions retailer’s stock worth $2,242,000 after purchasing an additional 318 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of TJX Companies by 2.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,303,692 shares of the apparel and home fashions retailer’s stock valued at $305,005,000 after buying an additional 50,564 shares in the last quarter. Terril Brothers Inc. increased its stake in TJX Companies by 49.3% during the third quarter. Terril Brothers Inc. now owns 3,617 shares of the apparel and home fashions retailer’s stock worth $479,000 after purchasing an additional 1,195 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of TJX Companies by 14.3% in the third quarter. Allspring Global Investments Holdings LLC now owns 208,220 shares of the apparel and home fashions retailer’s stock worth $27,816,000 after acquiring an additional 26,127 shares during the last quarter. Finally, Verus Capital Partners LLC boosted its holdings in shares of TJX Companies by 12.2% during the third quarter. Verus Capital Partners LLC now owns 1,606 shares of the apparel and home fashions retailer’s stock worth $212,000 after purchasing an additional 175 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

About TJX Companies

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.