TJX Companies (NYSE:TJX) Stock Rating Lowered by Gordon Haskett

Key Points

• Gordon Haskett downgraded TJX Companies from “accumulate” to “hold” and set a $130 price target, implying 4.38% downside from the stock’s current price.
• Analyst views remain broadly positive: MarketBeat reports a “Moderate Buy” consensus and an average price target of $170.83, with 20 Buy ratings and six Hold ratings.
• TJX beat quarterly estimates, reporting EPS of $1.22 versus $1.19 expected and revenue of $15.18 billion; revenue rose 5.4% year over year.

TJX Companies (NYSE:TJX - Get Free Report) was downgraded by stock analysts at Gordon Haskett from an "accumulate" rating to a "hold" rating in a research report issued to clients and investors on Friday, Briefing.com reports. They currently have a $130.00 price objective on the apparel and home fashions retailer's stock. Gordon Haskett's price target would indicate a potential downside of 4.38% from the stock's current price.

A number of other equities research analysts have also recently commented on the company. Morgan Stanley set a $178.00 price target on TJX Companies and gave the company an "overweight" rating in a research note on Thursday, August 20th. UBS Group reduced their price target on TJX Companies from $198.00 to $184.00 and set a "buy" rating for the company in a report on Tuesday. Citigroup downgraded TJX Companies from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $182.00 to $154.00 in a research report on Thursday, August 20th. Daiwa Securities Group dropped their price objective on TJX Companies from $168.00 to $155.00 in a report on Tuesday, August 25th. Finally, Sanford C. Bernstein reissued an "outperform" rating and issued a $175.00 price objective on shares of TJX Companies in a report on Tuesday, August 25th. Twenty analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $170.83.

TJX Companies Stock Down 0.4%

TJX Companies stock opened at $135.95 on Friday. TJX Companies has a 1-year low of $122.78 and a 1-year high of $170.00. The business has a fifty day moving average price of $136.08 and a 200-day moving average price of $150.45. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56. The stock has a market capitalization of $149.54 billion, a price-to-earnings ratio of 25.13, a PEG ratio of 2.58 and a beta of 0.58.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (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 quarter last year, the business posted $1.10 EPS. The firm's quarterly revenue was up 5.4% on a year-over-year basis. 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. Equities research analysts forecast that TJX Companies will post 5.22 EPS for the current fiscal year.

Institutional Investors Weigh In On TJX Companies

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of TJX Companies during the second quarter worth $16,489,926,000. State Street Corp lifted its holdings in TJX Companies by 2.9% during the 2nd quarter. State Street Corp now owns 49,709,223 shares of the apparel and home fashions retailer's stock worth $7,530,947,000 after buying an additional 1,388,026 shares during the last quarter. Bank of America Corp DE purchased a new stake in TJX Companies during the 2nd quarter worth about $3,511,553,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of TJX Companies by 7.6% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,560,007 shares of the apparel and home fashions retailer's stock worth $1,902,841,000 after acquiring an additional 883,294 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of TJX Companies during the 2nd quarter worth about $1,598,731,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

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.

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