Bank of America Has Lowered Expectations for TJX Companies (NYSE:TJX) Stock Price

Key Points

• Bank of America lowered its TJX Companies price target from $175 to $170 while maintaining a “buy” rating, implying approximately 18.16% upside from the stock’s current price.
• Analyst sentiment remains positive overall, with 21 buy ratings and four hold ratings; the consensus rating is “Moderate Buy” and the average price target is $174.95.
• TJX recently exceeded quarterly expectations, reporting $1.22 in earnings per share and $15.18 billion in revenue, while institutional investors collectively own 91.09% of the company.

TJX Companies (NYSE:TJX - Get Free Report) had its price target dropped by Bank of America from $175.00 to $170.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a "buy" rating on the apparel and home fashions retailer's stock. Bank of America's price objective would suggest a potential upside of 18.16% from the stock's current price.

TJX has been the topic of several other reports. Erste Group Bank lowered shares of TJX Companies from a "buy" rating to a "hold" rating in a report on Wednesday, July 15th. Citigroup cut shares of TJX Companies from a "buy" rating to a "neutral" rating and dropped their target price for the company from $182.00 to $154.00 in a research report on Thursday, August 20th. BTIG Research reaffirmed a "buy" rating and set a $190.00 price target on shares of TJX Companies in a report on Thursday, August 20th. Barclays set a $188.00 price target on shares of TJX Companies and gave the stock an "overweight" rating in a research report on Thursday, August 20th. Finally, Wells Fargo & Company decreased their price objective on shares of TJX Companies from $160.00 to $140.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 20th. Twenty-one analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $174.95.

TJX Companies Stock Performance

NYSE:TJX opened at $143.87 on Tuesday. The stock has a fifty day moving average price of $136.42 and a 200-day moving average price of $151.58. The company has a market cap of $158.26 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 2.62 and a beta of 0.56. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15. TJX Companies has a fifty-two week low of $122.78 and a fifty-two week high of $170.00.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.03. The company 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%. TJX Companies's revenue was up 5.4% on a year-over-year basis. 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 analysts anticipate that TJX Companies will post 5.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TJX. Kohmann Bosshard Financial Services LLC boosted its stake in TJX Companies by 11.0% during the first quarter. Kohmann Bosshard Financial Services LLC now owns 666 shares of the apparel and home fashions retailer's stock worth $106,000 after buying an additional 66 shares during the period. HBW Advisory Services LLC raised its stake in shares of TJX Companies by 5.1% in the 2nd quarter. HBW Advisory Services LLC now owns 1,357 shares of the apparel and home fashions retailer's stock valued at $206,000 after acquiring an additional 66 shares during the period. Howard Financial Services LTD. raised its stake in shares of TJX Companies by 3.5% in the 2nd quarter. Howard Financial Services LTD. now owns 2,029 shares of the apparel and home fashions retailer's stock valued at $307,000 after acquiring an additional 69 shares during the period. Millstone Evans Group LLC lifted its holdings in shares of TJX Companies by 26.0% in the 1st quarter. Millstone Evans Group LLC now owns 344 shares of the apparel and home fashions retailer's stock worth $55,000 after acquiring an additional 71 shares during the last quarter. Finally, Clark Asset Management LLC lifted its holdings in shares of TJX Companies by 4.5% in the 2nd quarter. Clark Asset Management LLC now owns 1,648 shares of the apparel and home fashions retailer's stock worth $250,000 after acquiring an additional 71 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Company Profile

The TJX Companies, Inc NYSE: TJX is an off-price retailer specializing in apparel, footwear, accessories, and home merchandise. Its stores offer branded and designer products at prices generally below those of full-price retailers, using a flexible purchasing model that allows the company to acquire merchandise from manufacturers, retailers, and other suppliers.

The company operates a portfolio of retail banners, including T.J. Maxx, Marshalls, HomeGoods, Sierra, and Homesense in the United States; Winners, HomeSense, and Marshalls in Canada; and TK Maxx and Homesense in Europe and Australia.

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