Erste Group Bank Weighs in on TJX Companies FY2027 Earnings

Key Points

• Erste Group Bank slightly lowered its FY2027 EPS forecast for TJX Companies to $5.24 from $5.25 and maintained a “Hold” rating; it projects FY2028 EPS of $5.77.
• TJX recently exceeded 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 broadly positive, with a “Moderate Buy” consensus and an average price target of $174.86, while institutional investors own approximately 91.09% of the stock.

The TJX Companies, Inc. (NYSE:TJX - Free Report) - Stock analysts at Erste Group Bank decreased their FY2027 earnings per share (EPS) estimates for TJX Companies in a note issued to investors on Thursday, October 8th. Erste Group Bank analyst H. Engel now forecasts that the apparel and home fashions retailer will post earnings per share of $5.24 for the year, down from their previous forecast of $5.25. 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. Erste Group Bank also issued estimates for TJX Companies' FY2028 earnings at $5.77 EPS.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping the consensus estimate of $1.19 by $0.03. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The business had revenue of $15.18 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the prior year, the firm earned $1.10 earnings per share. The company's quarterly revenue was up 5.4% on a year-over-year basis. 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 equities analysts have also issued reports on TJX. Gordon Haskett reissued an "accumulate" rating and issued a $155.00 price objective on shares of TJX Companies in a report on Thursday, August 20th. Wall Street Zen downgraded TJX Companies from a "buy" rating to a "hold" rating in a research note on Saturday, August 22nd. Jefferies Financial Group lowered TJX Companies from a "buy" rating to a "hold" rating and reduced their price target for the stock from $180.00 to $145.00 in a research report on Wednesday, August 26th. Wells Fargo & Company decreased their price target on 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. Finally, Sanford C. Bernstein reissued an "outperform" rating and set a $175.00 price target on shares of TJX Companies in a report on Tuesday, August 25th. Twenty-one research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, TJX Companies has a consensus rating of "Moderate Buy" and an average target price of $174.86.

TJX Companies Stock Performance

TJX opened at $141.58 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18. The business's 50 day moving average is $137.80 and its 200-day moving average is $150.41. The stock has a market cap of $155.73 billion, a PE ratio of 27.72, a price-to-earnings-growth ratio of 2.56 and a beta of 0.56. TJX Companies has a twelve month low of $122.78 and a twelve month high of $170.00.

TJX Companies Announces Dividend

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

Institutional Inflows and Outflows

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