The TJX Companies, Inc. (NYSE:TJX) Stock Has Consensus Target Price of $171.63

Key Points

• Analysts remain broadly positive: TJX has a consensus “Moderate Buy” rating from 22 firms, with an average 12-month price target of $171.63 versus an opening price of $137.18.
• Quarterly results exceeded expectations: The retailer reported $1.22 in EPS and $15.18 billion in revenue, ahead of estimates, while revenue rose 5.4% year over year.
• TJX declared a quarterly dividend of $0.48 per share, equivalent to $1.92 annually and a 1.4% yield; institutional investors own approximately 91.09% of the company.

Shares of The TJX Companies, Inc. (NYSE:TJX - Get Free Report) have received an average rating of "Moderate Buy" from the twenty-two ratings firms that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, sixteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $171.63.

A number of equities research analysts recently issued reports on TJX shares. Sanford C. Bernstein reaffirmed an "outperform" rating and set a $175.00 price target on shares of TJX Companies in a research note on Tuesday, August 25th. Morgan Stanley set a $178.00 price objective on shares of TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, August 20th. Wall Street Zen downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a report on Saturday, August 22nd. Gordon Haskett reaffirmed an "accumulate" rating and issued a $155.00 price target on shares of TJX Companies in a report on Thursday, August 20th. Finally, Jefferies Financial Group lowered TJX Companies from a "buy" rating to a "hold" rating and dropped their price target for the stock from $180.00 to $145.00 in a research report on Wednesday, August 26th.

TJX Companies Stock Performance

NYSE TJX opened at $137.18 on Wednesday. The stock has a market capitalization of $150.89 billion, a PE ratio of 25.36, a P/E/G ratio of 2.42 and a beta of 0.56. The business has a 50 day simple moving average of $139.67 and a two-hundred day simple moving average of $151.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56. TJX Companies has a 1-year low of $122.78 and a 1-year high of $170.00.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.03. The business 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%.The company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.10 EPS. 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. On average, research analysts predict that TJX Companies will post 5.22 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 12th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, November 12th. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. TJX Companies's dividend payout ratio is 35.49%.

Hedge Funds Weigh In On TJX Companies

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Coston McIsaac & Partners raised its stake in TJX Companies by 11.3% in the 1st quarter. Coston McIsaac & Partners now owns 628 shares of the apparel and home fashions retailer's stock valued at $100,000 after purchasing an additional 64 shares during the last quarter. Kohmann Bosshard Financial Services LLC boosted its stake in shares of TJX Companies by 11.0% during the 1st quarter. Kohmann Bosshard Financial Services LLC now owns 666 shares of the apparel and home fashions retailer's stock worth $106,000 after purchasing an additional 66 shares during the last quarter. HBW Advisory Services LLC boosted its stake in shares of TJX Companies by 5.1% during the 2nd quarter. HBW Advisory Services LLC now owns 1,357 shares of the apparel and home fashions retailer's stock worth $206,000 after purchasing an additional 66 shares during the last quarter. Howard Financial Services LTD. grew its holdings in shares of TJX Companies by 3.5% during the second quarter. Howard Financial Services LTD. now owns 2,029 shares of the apparel and home fashions retailer's stock worth $307,000 after buying an additional 69 shares in the last quarter. Finally, Millstone Evans Group LLC grew its holdings in shares of TJX Companies by 26.0% during the first quarter. Millstone Evans Group LLC now owns 344 shares of the apparel and home fashions retailer's stock worth $55,000 after buying an additional 71 shares in the last quarter. 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 at prices generally below those of traditional department and specialty stores. Its inventory typically includes branded, designer and name-brand products purchased through opportunistic buying, including order cancellations, excess production and closeout merchandise. Product selection and pricing can vary by store and change frequently.

The company operates a portfolio of retail chains in the United States, Canada, Europe and Australia.

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