TJX Companies (NYSE:TJX) Stock Price Target Cut by Wells Fargo & Company

Key Points

• Wells Fargo cut its TJX price target from $140 to $135 and maintained an Equal Weight rating, implying just 0.64% upside from the stock’s $134.14 price at the time of the report.
• Analyst views are mixed, but the consensus remains Moderate Buy, with a $170.61 average target; 20 analysts rate the stock Buy and six rate it Hold.
• TJX’s latest quarterly results modestly beat estimates: EPS was $1.22 versus $1.19 expected, while revenue reached $15.18 billion and rose 5.4% year over year.

TJX Companies (NYSE:TJX - Get Free Report) had its price target decreased by research analysts at Wells Fargo & Company from $140.00 to $135.00 in a report issued on Friday, Benzinga reports. The firm presently has an "equal weight" rating on the apparel and home fashions retailer's stock. Wells Fargo & Company's price target would suggest a potential upside of 0.64% from the stock's current price.

Several other equities analysts have also recently commented on the stock. Cantor Fitzgerald assumed coverage on shares of TJX Companies in a research note on Tuesday. They set a "neutral" rating and a $139.00 target price for the company. Wall Street Zen downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a report on Saturday, August 22nd. Jefferies Financial Group lowered shares of TJX Companies from a "buy" rating to a "hold" rating and decreased their price target for the stock from $180.00 to $145.00 in a research report on Wednesday, August 26th. Sanford C. Bernstein restated an "outperform" rating and set a $175.00 price objective on shares of TJX Companies in a report on Tuesday, August 25th. Finally, Guggenheim set a $152.00 price objective on shares of TJX Companies and gave the stock a "buy" rating in a report on Monday, August 31st. Twenty equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $170.61.

TJX Companies Stock Performance

TJX traded down $1.84 during midday trading on Friday, reaching $134.14. The company's stock had a trading volume of 1,871,970 shares, compared to its average volume of 6,047,732. The stock has a market cap of $147.55 billion, a P/E ratio of 24.73, a PEG ratio of 2.58 and a beta of 0.58. The company has a fifty day simple moving average of $136.08 and a 200 day simple moving average of $150.45. The company has a current ratio of 1.15, a quick ratio of 0.56 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.

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. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%. The company had revenue of $15.18 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same period in the previous year, the company earned $1.10 earnings per share. The company's quarterly revenue was up 5.4% compared to the same quarter last year. 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. Research analysts expect that TJX Companies will post 5.22 earnings per share for the current year.

Institutional Trading of TJX Companies

Several institutional investors have recently made changes to their positions in the business. Portland Global Advisors LLC raised its position in TJX Companies by 80.6% during the 3rd quarter. Portland Global Advisors LLC now owns 3,453 shares of the apparel and home fashions retailer's stock worth $457,000 after purchasing an additional 1,541 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co grew its position in shares of TJX Companies by 5.6% in the 3rd quarter. Ilmarinen Mutual Pension Insurance Co now owns 190,000 shares of the apparel and home fashions retailer's stock valued at $25,139,000 after buying an additional 10,000 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. grew its position in shares of TJX Companies by 82.7% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 645 shares of the apparel and home fashions retailer's stock valued at $85,000 after buying an additional 292 shares during the last quarter. Sumitomo Life Insurance Co. grew its position in shares of TJX Companies by 207.5% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 62,778 shares of the apparel and home fashions retailer's stock valued at $8,306,000 after buying an additional 42,362 shares during the last quarter. Finally, TIAA CREF Individual & Institutional Services LLC acquired a new stake in shares of TJX Companies in the third quarter valued at about $4,864,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Recent TJX Companies Headlines

Investors following TJX have been watching these headlines:

• Neutral Sentiment: TJX announced that it will report fiscal Q3 results on November 18. Investors are watching the quarter’s key metrics for clues on performance and guidance. TJX Companies stock sets November 18 date for fiscal Q3 results
• Neutral Sentiment: Cantor Fitzgerald initiated coverage, but the available report does not specify its rating or price target. Separately, a report noted unusual options positioning in TJX; the described trades do not establish a clear directional outlook. Cantor Fitzgerald Initiates Coverage on TJX Companies Unusual options activity in OPEN, TJX, and SOFI
• Negative Sentiment: Rising fuel and freight costs may pressure margins, potentially offsetting strong customer demand. The TJX Companies Q3 Earnings Coming Up: Key Factors to Watch

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.

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