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

Key Points

• TJX shares hit a new 52-week low of $124.85 during Tuesday trading, well below their 50-day and 200-day moving averages of $147.06 and $154.08, respectively.
• Analyst sentiment remains positive despite the decline: the stock has a consensus “Moderate Buy” rating and an average price target of $171.63, although Wells Fargo recently cut its target to $140.
• TJX exceeded quarterly expectations, reporting adjusted EPS of $1.22 versus the $1.19 consensus and revenue of $15.18 billion, up 5.4% year over year.

The TJX Companies, Inc. (NYSE:TJX - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $124.85 and last traded at $125.3980, with a volume of 807421 shares changing hands. The stock had previously closed at $125.99.

Analyst Ratings Changes

Several brokerages have recently commented on TJX. UBS Group reiterated a "buy" rating and set a $198.00 price target (up from $197.00) on shares of TJX Companies in a research report on Thursday, August 20th. Wells Fargo & Company lowered 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 report on Thursday, August 20th. Truist Financial set a $190.00 price target on TJX Companies and gave the company a "buy" rating in a research note on Thursday, May 21st. Weiss Ratings lowered TJX Companies from a "buy (b+)" rating to a "buy (b)" rating in a research report on Tuesday, July 21st. Finally, Barclays set a $188.00 price objective on TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, August 20th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $171.63.

TJX Companies Stock Performance

The stock's 50 day moving average is $147.06 and its two-hundred day moving average is $154.08. The stock has a market capitalization of $136.70 billion, a price-to-earnings ratio of 22.99, a price-to-earnings-growth ratio of 2.27 and a beta of 0.60. 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 posted 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. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The company had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same period last year, the company earned $1.10 earnings per share. The firm'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. Analysts expect that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

Institutional Trading of TJX Companies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its position 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 acquiring an additional 89 shares during the last quarter. Entrust Financial LLC purchased a new position in TJX Companies during the fourth quarter worth approximately $26,000. Cetera Trust Company N.A acquired a new position in shares of TJX Companies in the 2nd quarter valued at $27,000. Bard Associates Inc. acquired a new position in shares of TJX Companies in the 4th quarter valued at $35,000. Finally, Kelly Lawrence W & Associates Inc. CA purchased a new stake in shares of TJX Companies during the 2nd quarter valued at $35,000. 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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