TJX Companies (NYSE:TJX) Trading 1.3% Higher – Here’s Why

The TJX Companies, Inc. (NYSE:TJX)’s share price was up 1.3% during mid-day trading on Monday . The company traded as high as $156.63 and last traded at $156.5790. Approximately 3,464,901 shares were traded during trading, a decline of 34% from the average daily volume of 5,289,532 shares. The stock had previously closed at $154.60.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TJX shares. Wells Fargo & Company reissued a “positive” rating and set a $150.00 price target (up from $145.00) on shares of TJX Companies in a research note on Tuesday, December 16th. JPMorgan Chase & Co. upped their target price on shares of TJX Companies from $150.00 to $154.00 and gave the company an “overweight” rating in a research report on Thursday, November 20th. The Goldman Sachs Group increased their price target on TJX Companies from $163.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. TD Cowen lifted their price objective on TJX Companies from $162.00 to $167.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. Finally, Barclays set a $172.00 target price on TJX Companies and gave the company an “overweight” rating in a research note on Thursday, December 4th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-three have assigned a Buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $161.50.

TJX Companies Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 0.43. The company’s 50-day moving average price is $147.85 and its 200-day moving average price is $137.52. The company has a market cap of $173.88 billion, a P/E ratio of 34.56, a P/E/G ratio of 3.46 and a beta of 0.76.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 EPS for the quarter, beating the consensus estimate of $1.22 by $0.06. The business had revenue of $15.12 billion for the quarter, compared to analysts’ expectations of $14.80 billion. TJX Companies had a net margin of 8.68% and a return on equity of 58.30%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.14 EPS. TJX Companies has set its Q4 2026 guidance at 1.330-1.360 EPS and its FY 2026 guidance at 4.630-4.660 EPS. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 5th. Investors of record on Thursday, February 12th will be issued a dividend of $0.425 per share. The ex-dividend date is Thursday, February 12th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.1%. TJX Companies’s dividend payout ratio (DPR) is presently 37.53%.

Insider Activity at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 24,363 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $151.31, for a total transaction of $3,686,365.53. Following the completion of the transaction, the chief executive officer owned 510,780 shares of the company’s stock, valued at $77,286,121.80. This represents a 4.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Amy B. Lane sold 500 shares of TJX Companies stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $151.40, for a total transaction of $75,700.00. Following the completion of the sale, the director owned 22,212 shares in the company, valued at $3,362,896.80. This trade represents a 2.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 54,863 shares of company stock worth $8,226,366 in the last 90 days. Company insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On TJX Companies

A number of large investors have recently modified their holdings of TJX. First American Bank increased its holdings in shares of TJX Companies by 4.5% during the second quarter. First American Bank now owns 138,840 shares of the apparel and home fashions retailer’s stock worth $17,145,000 after purchasing an additional 5,921 shares during the period. Bank of Nova Scotia grew its position in TJX Companies by 129.9% during the second quarter. Bank of Nova Scotia now owns 269,813 shares of the apparel and home fashions retailer’s stock worth $33,319,000 after buying an additional 152,453 shares in the last quarter. MinichMacGregor Wealth Management LLC bought a new position in TJX Companies during the 2nd quarter worth $5,045,000. Empowered Funds LLC raised its holdings in TJX Companies by 66.6% in the 2nd quarter. Empowered Funds LLC now owns 76,998 shares of the apparel and home fashions retailer’s stock valued at $9,508,000 after acquiring an additional 30,779 shares in the last quarter. Finally, Hendley & Co. Inc. lifted its position in shares of TJX Companies by 75.0% during the 2nd quarter. Hendley & Co. Inc. now owns 8,305 shares of the apparel and home fashions retailer’s stock valued at $1,026,000 after acquiring an additional 3,560 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

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.