Erste Group Bank Comments on TJX Companies FY2027 Earnings

Key Points

• Erste Group Bank lowered its FY2027 EPS estimate for TJX Companies slightly to $5.23 from $5.24 and maintained a “Hold” rating, broadly in line with the $5.22 consensus estimate.
• TJX recently beat quarterly expectations, reporting $1.22 EPS versus the $1.19 consensus and $15.18 billion in revenue, up 5.4% year over year. The company’s FY2027 guidance is $5.15–$5.20 EPS.
• Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and an average price target of $174.86, while TJX shares opened at $147.36 and the company declared a quarterly dividend of $0.48 per share.

The TJX Companies, Inc. (NYSE:TJX - Free Report) - Analysts at Erste Group Bank dropped their FY2027 earnings per share (EPS) estimates for shares of TJX Companies in a research note issued to investors on Wednesday, October 21st. Erste Group Bank analyst H. Engel now forecasts that the apparel and home fashions retailer will post earnings per share of $5.23 for the year, down from their previous forecast of $5.24. Erste Group Bank currently has a "Hold" rating on the stock. The consensus estimate for TJX Companies' current full-year earnings is $5.22 per share.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating 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 firm had revenue of $15.18 billion for the quarter, compared to analysts' expectations of $15.16 billion. During the same period in the prior year, the business posted $1.10 earnings per share. The business's 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.

A number of other brokerages have also recently issued reports on TJX. Evercore reiterated an "outperform" rating and set a $173.00 target price (down from $175.00) on shares of TJX Companies in a research report on Thursday, August 20th. Jefferies Financial Group cut shares of TJX Companies from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $180.00 to $145.00 in a research note on Wednesday, August 26th. Daiwa Securities Group decreased their price objective on shares of TJX Companies from $168.00 to $155.00 in a research note on Tuesday, August 25th. JPMorgan Chase & Co. raised their price objective on shares of TJX Companies from $168.00 to $171.00 and gave the stock an "overweight" rating in a report on Thursday, August 20th. Finally, Wells Fargo & Company cut their target price on shares of TJX Companies from $160.00 to $140.00 and set an "equal weight" rating for the company in a research note on Thursday, August 20th. Twenty-one investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, TJX Companies has a consensus rating of "Moderate Buy" and an average target price of $174.86.

TJX Companies Stock Up 1.3%

Shares of NYSE:TJX opened at $147.36 on Friday. The company's fifty day moving average is $136.16 and its 200-day moving average is $149.76. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15. TJX Companies has a 52 week low of $122.78 and a 52 week high of $170.00. The company has a market capitalization of $162.10 billion, a PE ratio of 28.42, a P/E/G ratio of 2.62 and a beta of 0.56.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 12th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, November 12th. TJX Companies's payout ratio is currently 35.49%.

Institutional Investors Weigh In On TJX Companies

A number of hedge funds have recently added to or reduced their stakes in TJX. BlackRock Inc. acquired a new position in shares of TJX Companies during the second quarter worth approximately $16,489,926,000. State Street Corp grew its stake in shares of TJX Companies by 2.9% during 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 purchasing an additional 1,388,026 shares during the last quarter. Bank of America Corp DE acquired a new stake in shares of TJX Companies in the second quarter valued at approximately $3,511,553,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of TJX Companies by 7.6% in 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 purchasing an additional 883,294 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of TJX Companies in the second quarter valued at approximately $1,598,731,000. 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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