TJX Companies (NYSE:TJX) Hits New 52-Week Low - Here's What Happened

Key Points

• TJX Companies shares hit a new 52-week low, trading as low as $133.04 and closing near $133.26, below its 50-day and 200-day moving averages.
• Despite the selloff, analysts remain broadly optimistic: the stock has a “Moderate Buy” consensus rating and an average price target of $171.63, although Wells Fargo cut its target to $140.
• TJX recently beat quarterly expectations with $1.22 in EPS and $15.18 billion in revenue, while maintaining a quarterly dividend of $0.48 per share, equal to a 1.4% annual yield.

The TJX Companies, Inc. (NYSE:TJX - Get Free Report)'s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as $133.04 and last traded at $133.26, with a volume of 7176703 shares trading hands. The stock had previously closed at $133.91.

Analyst Ratings Changes

TJX has been the subject of a number of analyst reports. 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 report on Thursday, August 20th. Guggenheim set a $152.00 target price on shares of TJX Companies in a research report on Monday. Evercore restated an "outperform" rating and issued a $173.00 target price on shares of TJX Companies in a research note on Thursday, August 20th. Morgan Stanley set a $178.00 price target on shares of TJX Companies and gave the company an "overweight" rating in a report on Thursday, August 20th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating and set a $175.00 price target on shares of TJX Companies in a research note on Tuesday, August 25th. Two investment 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 company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $171.63.

TJX Companies Trading Down 0.5%

The firm has a market cap of $146.58 billion, a P/E ratio of 24.63, a P/E/G ratio of 2.42 and a beta of 0.60. The business's 50-day moving average is $151.62 and its two-hundred day moving average is $155.82. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.03. The company had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.TJX Companies's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the previous year, the firm 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 The TJX Companies, Inc. will post 5.21 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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

Insider Activity

In other TJX Companies news, Chairman Carol Meyrowitz sold 55,624 shares of the business's stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $163.65, for a total transaction of $9,102,867.60. Following the completion of the transaction, the chairman directly owned 201,496 shares of the company's stock, valued at $32,974,820.40. The trade was a 21.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jackwyn Nemerov sold 957 shares of the company's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $168.59, for a total transaction of $161,340.63. Following the completion of the transaction, the director owned 802 shares of the company's stock, valued at approximately $135,209.18. This trade represents a 54.41% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 100,818 shares of company stock worth $16,306,691. 0.15% of the stock is owned by insiders.

Institutional Trading of TJX Companies

Several large investors have recently added to or reduced their stakes in TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted 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 valued at $25,000 after acquiring an additional 89 shares in the last quarter. Entrust Financial LLC acquired a new position in shares of TJX Companies during the 4th quarter valued at $26,000. Wilkerson Advisory Group LLC acquired a new position in shares of TJX Companies during the 4th quarter valued at $26,000. IMG Wealth Management Inc. raised its stake in shares of TJX Companies by 65.7% in the 4th 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 acquired a new stake in shares of TJX Companies in the second quarter valued at $27,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Company Profile

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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