FY2027 EPS Estimate for TJX Companies Increased by Analyst

Key Points

• Erste Group Bank raised TJX Companies’ FY2027 EPS forecast to $5.25 from $5.20 and projected FY2028 EPS of $5.76, while maintaining a “Hold” rating.
• 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. Management guided to FY2027 EPS of $5.15–$5.20.
• The stock opened at $135.16, near its 52-week low of $133.55, while analysts’ consensus rating remains “Moderate Buy” with a $172.84 price target; the company also announced a $0.48 quarterly dividend.

The TJX Companies, Inc. (NYSE:TJX - Free Report) - Erste Group Bank boosted their FY2027 earnings estimates for shares of TJX Companies in a research report issued to clients and investors on Thursday, August 27th. Erste Group Bank analyst H. Engel now forecasts that the apparel and home fashions retailer will post earnings per share of $5.25 for the year, up from their previous forecast of $5.20. Erste Group Bank currently has a "Hold" rating on the stock. The consensus estimate for TJX Companies' current full-year earnings is $5.21 per share. Erste Group Bank also issued estimates for TJX Companies' FY2028 earnings at $5.76 EPS.

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.

A number of other analysts have also recently commented on TJX. Wall Street Zen cut TJX Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 22nd. Gordon Haskett reaffirmed an "accumulate" rating and set a $155.00 price objective on shares of TJX Companies in a research report on Thursday, August 20th. Sanford C. Bernstein reiterated an "outperform" rating and set a $175.00 price objective on shares of TJX Companies in a research note on Tuesday, August 25th. 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. Finally, Weiss Ratings downgraded shares of TJX Companies from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $172.84.

TJX Companies Price Performance

NYSE TJX opened at $135.16 on Monday. The company has a market capitalization of $149.31 billion, a PE ratio of 24.98, a price-to-earnings-growth ratio of 2.44 and a beta of 0.62. 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 $152.86 and its 200 day moving average is $156.07. TJX Companies has a fifty-two week low of $133.55 and a fifty-two week high of $170.00.

Institutional Trading of TJX Companies

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its holdings in shares of TJX Companies by 120.3% in the fourth 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 during the last quarter. Entrust Financial LLC purchased a new stake in shares of TJX Companies in the fourth quarter worth about $26,000. Wilkerson Advisory Group LLC bought a new position in TJX Companies during the fourth quarter valued at approximately $26,000. IMG Wealth Management Inc. grew its holdings in TJX Companies by 65.7% during the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer's stock valued at $27,000 after buying an additional 69 shares in the last quarter. Finally, Cetera Trust Company N.A purchased a new position in TJX Companies during the 2nd quarter valued at approximately $27,000. 91.09% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other TJX Companies news, Chairman Carol Meyrowitz sold 55,624 shares of the company's stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $163.65, for a total value of $9,102,867.60. Following the completion of the transaction, the chairman directly owned 201,496 shares in the company, valued at $32,974,820.40. This represents a 21.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ernie Herrman sold 10,002 shares of the business's stock in a transaction on Friday, June 5th. The stock was sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the completion of the transaction, the chief executive officer directly owned 514,848 shares in the company, valued at $82,725,776.64. This trade represents a 1.91% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 130,367 shares of company stock worth $20,959,476. Company insiders own 0.15% of the company's stock.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, August 13th. This represents a $1.92 annualized dividend and a dividend yield of 1.4%. TJX Companies's dividend payout ratio (DPR) is currently 35.49%.

About TJX Companies

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women's, men's and children's apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company's business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.

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