The TJX Companies, Inc. (NYSE:TJX) Stock Rated "Moderate Buy" by Wall Street Brokerages

Key Points

• Analysts remain broadly bullish: Twenty-one of 25 covering firms rate TJX Companies a buy, giving the stock a “Moderate Buy” consensus and an average 12-month price target of $174.95.
• TJX’s latest quarterly results exceeded expectations, with EPS of $1.22 versus a $1.19 estimate and revenue of $15.18 billion, up 5.4% year over year.
• The company declared a quarterly dividend of $0.48 per share, equivalent to $1.92 annually and a 1.4% yield; institutional investors own approximately 91.1% of the stock.

The TJX Companies, Inc. (NYSE:TJX - Get Free Report) has received an average recommendation of "Moderate Buy" from the twenty-five research firms that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $174.95.

Several equities analysts have issued reports on the company. Weiss Ratings reiterated a "buy (b)" rating on shares of TJX Companies in a research report on Monday, October 19th. Bank of America reduced their price target on TJX Companies from $175.00 to $170.00 and set a "buy" rating for the company in a report on Tuesday, October 27th. Guggenheim set a $152.00 price target on TJX Companies and gave the company a "buy" rating in a research note on Monday, August 31st. The Goldman Sachs Group dropped their price objective on TJX Companies from $194.00 to $178.00 and set a "buy" rating on the stock in a report on Thursday, August 20th. Finally, Wall Street Zen cut TJX Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 22nd.

TJX Companies Stock Down 0.7%

TJX stock opened at $140.34 on Friday. TJX Companies has a one year low of $122.78 and a one year high of $170.00. The stock has a market capitalization of $154.37 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 2.66 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. The company has a fifty day moving average of $135.71 and a 200-day moving average of $151.19.

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 earnings per share (EPS) 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 analyst estimates of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The business's revenue was up 5.4% compared to the same quarter last year. During the same period in the previous 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. As a group, analysts expect that TJX Companies will post 5.22 EPS for the current year.

TJX Companies Dividend Announcement

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

Hedge Funds Weigh In On TJX Companies

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

About TJX Companies

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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