Erste Group Bank Estimates TJX Companies FY2028 Earnings

Key Points

• Erste Group Bank raised its FY2028 EPS forecast for TJX Companies to $5.78 from $5.76, while maintaining a “Hold” rating. The broader analyst consensus is a “Moderate Buy,” with a $171.63 average price target.
• TJX’s latest quarterly results exceeded expectations, with EPS of $1.22 versus the $1.19 consensus and revenue of $15.18 billion. Revenue increased 5.4% year over year, and management issued FY2027 EPS guidance of $5.15–$5.20.
• The stock opened at $126.44, near its 52-week low of $125.56 and well below its 52-week high of $170.00. Institutional investors own approximately 91.09% of TJX shares.

The TJX Companies, Inc. (NYSE:TJX - Free Report) - Stock analysts at Erste Group Bank lifted their FY2028 EPS estimates for TJX Companies in a report released on Tuesday, September 8th. Erste Group Bank analyst H. Engel now forecasts that the apparel and home fashions retailer will post earnings per share of $5.78 for the year, up from their previous estimate of $5.76. Erste Group Bank has a "Hold" rating on the stock. The consensus estimate for TJX Companies' current full-year earnings is $5.22 per share.

TJX has been the subject of a number of other research reports. Barclays set a $188.00 price target on TJX Companies and gave the stock an "overweight" rating in a research report on Thursday, August 20th. BTIG Research reaffirmed a "buy" rating and set a $190.00 price objective on shares of TJX Companies in a research report on Thursday, August 20th. JPMorgan Chase & Co. boosted their price objective on TJX Companies from $173.00 to $174.00 and gave the company an "overweight" rating in a research note on Monday, May 18th. Guggenheim set a $152.00 target price on shares of TJX Companies in a report on Monday, August 31st. Finally, Wells Fargo & Company decreased their target price on shares of TJX Companies from $160.00 to $140.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $171.63.

TJX Companies Price Performance

NYSE TJX opened at $126.44 on Friday. The company has a market capitalization of $139.08 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 2.27 and a beta of 0.60. 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 business's fifty day moving average is $148.12 and its 200 day moving average is $154.53. TJX Companies has a fifty-two week low of $125.56 and a fifty-two week 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, beating analysts' consensus estimates of $1.19 by $0.03. The firm had revenue of $15.18 billion during 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%. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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.

Institutional Investors Weigh In On TJX Companies

Institutional investors and hedge funds have recently bought and sold shares of the business. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its holdings in TJX Companies by 120.3% in the 4th quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer's stock worth $25,000 after purchasing an additional 89 shares in the last quarter. Entrust Financial LLC purchased a new stake in TJX Companies during the 4th quarter valued at approximately $26,000. Wilkerson Advisory Group LLC bought a new stake in shares of TJX Companies during the fourth quarter valued at approximately $26,000. IMG Wealth Management Inc. lifted its holdings in shares of TJX Companies by 65.7% in the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer's stock worth $27,000 after buying an additional 69 shares in the last quarter. Finally, Cetera Trust Company N.A purchased a new position in shares of TJX Companies in the second quarter worth $27,000. 91.09% of the stock is owned by institutional investors.

About TJX Companies

The TJX Companies, Inc is an off-price retailer specializing in apparel and home fashions. The company sells brand-name, designer and other merchandise at prices generally below those of full-price retailers. Its product assortment includes women's, men's and children's clothing, footwear, accessories, beauty products, home furnishings, decor and other household goods.

TJX operates through 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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