UBS Group Issues Pessimistic Forecast for TJX Companies (NYSE:TJX) Stock Price

Key Points

• UBS lowered its TJX price target to $184 from $198 but maintained a Buy rating, implying 34.38% upside from the share price at the time of the report.
• TJX shares fell 0.9% to $136.92 on Tuesday. Analysts’ consensus rating was Moderate Buy, with an average price target of $172.78.
• The retailer beat quarterly earnings and revenue estimates, with revenue up 5.4% year over year; softer Marmaxx sales and upcoming results remain near-term watchpoints.

TJX Companies (NYSE:TJX - Get Free Report) had its price target decreased by stock analysts at UBS Group from $198.00 to $184.00 in a research report issued on Tuesday, Benzinga reports. The brokerage presently has a "buy" rating on the apparel and home fashions retailer's stock. UBS Group's price target points to a potential upside of 34.38% from the company's current price.

A number of other research firms also recently weighed in on TJX. Barclays set a $188.00 price target on TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, August 20th. Wall Street Zen cut TJX Companies from a "buy" rating to a "hold" rating in a research note on Saturday, August 22nd. BTIG Research restated a "buy" rating and issued a $190.00 price objective on shares of TJX Companies in a report on Thursday, August 20th. Bank of America decreased their target price on shares of TJX Companies from $175.00 to $170.00 and set a "buy" rating for the company in a research report on Tuesday, October 27th. Finally, Erste Group Bank lowered shares of TJX Companies from a "buy" rating to a "hold" rating in a research note on Wednesday, July 15th. Twenty-one analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $172.78.

TJX Companies Stock Down 0.9%

Shares of NYSE:TJX traded down $1.21 during trading on Tuesday, reaching $136.92. 3,051,669 shares of the company traded hands, compared to its average volume of 6,057,828. The firm has a fifty day simple moving average of $135.87 and a 200 day simple moving average of $150.68. 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 has a 1-year low of $122.78 and a 1-year high of $170.00. The firm has a market cap of $150.61 billion, a P/E ratio of 25.28, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.03. The business had revenue of $15.18 billion for 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 for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business posted $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 anticipate that TJX Companies will post 5.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. BlackRock Inc. acquired a new position in TJX Companies during the 2nd quarter valued at $16,489,926,000. Bank of America Corp DE bought a new stake in TJX Companies in the 2nd quarter valued at $3,511,553,000. Bank of New York Mellon Corp bought a new stake in TJX Companies in the 2nd quarter valued at $1,598,731,000. Primecap Management Co. CA acquired a new stake in TJX Companies in the 2nd quarter worth $1,435,617,000. Finally, Deutsche Bank AG acquired a new stake in TJX Companies in the 2nd quarter worth $866,901,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies News Roundup

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: UBS expects largely in-line third-quarter results and says softer sales at the Marmaxx division are unlikely to undermine investor confidence, maintaining its Buy rating. TJX's softer Marmaxx sales unlikely to dent bullish investor sentiment, UBS says
• Neutral Sentiment: Cantor Fitzgerald initiated coverage with a Neutral rating and a $139 price target, indicating a cautious, relatively measured view. Cantor Fitzgerald stock recommendations
• Neutral Sentiment: Marshalls launched a holiday gift-guide campaign with Lindsay Lohan and online creators. It may support seasonal visibility, but no expected sales impact was provided. Marshalls and Lindsay Lohan launch holiday gift guides
• Neutral Sentiment: A report says Wall Street’s average brokerage recommendation is favorable, but also cautions that analyst recommendations can be an unreliable standalone investment signal. Wall Street Bulls Look Optimistic About TJX
• Negative Sentiment: UBS cut its price target to $184 from $198, while keeping its Buy rating. Separately, estimates have eased ahead of the November earnings report, leaving results and sales trends—particularly at Marmaxx—as near-term watchpoints. UBS adjusts TJX price target TJX faces November earnings test as estimates ease

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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