Analysts Set The TJX Companies, Inc. (NYSE:TJX) Price Target at $147.58

Key Points

• The TJX Companies, Inc. has received a consensus rating of "Buy" from twenty-two analysts, with an average 1-year target price set at approximately $147.58.
• Recent upgrades include Morgan Stanley raising its price target to $150 and Daiwa America assigning a "strong-buy" rating.
• The company reported $1.10 earnings per share for the last quarter, exceeding expectations and demonstrating a 6.9% year-over-year revenue growth.

Shares of The TJX Companies, Inc. (NYSE:TJX - Get Free Report) have received a consensus rating of "Buy" from the twenty-two research firms that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $147.5789.

A number of analysts have issued reports on TJX shares. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Barclays upped their target price on TJX Companies from $147.00 to $155.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Macquarie reaffirmed a "buy" rating on shares of TJX Companies in a report on Monday, August 11th. Bank of America increased their price target on TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Finally, Wells Fargo & Company increased their price target on TJX Companies from $120.00 to $130.00 and gave the company an "equal weight" rating in a report on Thursday, August 21st.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TJX. Lavaca Capital LLC bought a new position in TJX Companies during the second quarter worth about $25,000. TCTC Holdings LLC lifted its position in TJX Companies by 210.1% during the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock worth $26,000 after buying an additional 145 shares in the last quarter. Princeton Global Asset Management LLC bought a new position in TJX Companies in the 2nd quarter valued at about $28,000. Howard Hughes Medical Institute acquired a new stake in TJX Companies in the second quarter valued at approximately $30,000. Finally, Legacy Investment Solutions LLC acquired a new position in TJX Companies in the second quarter valued at $32,000. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Price Performance

TJX traded up $0.76 on Tuesday, hitting $139.33. 4,798,739 shares of the stock were exchanged, compared to its average volume of 5,329,918. The firm has a market capitalization of $155.65 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 3.07 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52. TJX Companies has a 12 month low of $111.22 and a 12 month high of $145.58. The business has a 50-day moving average of $128.86 and a two-hundred day moving average of $126.06.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.09. The company had revenue of $14.40 billion for the quarter, compared to analysts' expectations of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The business's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.96 EPS. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. Sell-side analysts forecast that TJX Companies will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio is currently 38.72%.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.