The TJX Companies, Inc. (NYSE:TJX) Receives Average Recommendation of "Buy" from Brokerages

Key Points

• The TJX Companies, Inc. received a consensus recommendation of "Buy" from 23 analysts, with one strong buy, 21 buy, and one hold rating.
• Recent price target increases from various brokerages have set the average target at approximately $147.58, with some analysts setting targets as high as $172.00.
• The company reported earnings of $1.10 per share for the latest quarter, exceeding estimates, and raised its dividend to $0.425 per share, indicating a 1.2% yield.

Shares of The TJX Companies, Inc. (NYSE:TJX - Get Free Report) have received a consensus recommendation of "Buy" from the twenty-three analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, twenty-one have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $147.5789.

Several brokerages recently issued reports on TJX. UBS Group increased their price objective on TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Morgan Stanley increased their price target on TJX Companies from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Bank of America raised their price target on TJX Companies from $145.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $155.00 price objective (up from $150.00) on shares of TJX Companies in a research note on Wednesday, August 20th. Finally, Daiwa America upgraded shares of TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th.

TJX Companies Price Performance

TJX opened at $143.09 on Friday. The business has a fifty day moving average of $134.77 and a 200 day moving average of $128.30. The stock has a market cap of $159.25 billion, a P/E ratio of 32.60, a PEG ratio of 3.18 and a beta of 0.90. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. TJX Companies has a 52-week low of $111.22 and a 52-week high of $145.58.

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 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.09. The business had revenue of $14.40 billion during the quarter, compared to the consensus estimate 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 last year, the company earned $0.96 earnings per share. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. As a group, sell-side analysts anticipate that TJX Companies will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies's dividend payout ratio (DPR) is presently 38.72%.

Institutional Trading of TJX Companies

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC grew its stake in TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after purchasing an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of TJX Companies by 12.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after buying an additional 235 shares in the last quarter. Bison Wealth LLC grew its position in shares of TJX Companies by 32.9% in the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer's stock worth $466,000 after buying an additional 955 shares during the last quarter. Centaurus Financial Inc. raised its stake in shares of TJX Companies by 63.1% during the 4th quarter. Centaurus Financial Inc. now owns 1,396 shares of the apparel and home fashions retailer's stock worth $169,000 after acquiring an additional 540 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC lifted its position in TJX Companies by 27.9% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 4,674 shares of the apparel and home fashions retailer's stock valued at $565,000 after acquiring an additional 1,019 shares during the last quarter. Institutional investors own 91.09% of the company's stock.

TJX Companies Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.