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

Key Points

• Shares of The TJX Companies carry a consensus recommendation of Buy from 25 analysts (21 Buy, 4 Strong Buy) with an average 12‑month price target of $167.55, and several firms have raised targets (Barclays to $183, Deutsche Bank $184).
• TJX beat quarterly expectations with EPS of $1.43 versus $1.38 estimated and revenue of $17.74B versus $17.36B (revenue +8.5% YoY), and issued FY2027 EPS guidance of $4.93–$5.02.
• The company increased its quarterly dividend to $0.48 (annualized $1.92, ~1.2% yield), while CEO Ernie Herrman sold 30,000 shares for roughly $4.83M, reducing his position by 5.89%.

Shares of The TJX Companies, Inc. (NYSE:TJX - Get Free Report) have received a consensus recommendation of "Buy" from the twenty-five ratings firms that are presently covering the firm, MarketBeat Ratings reports. Twenty-one equities research analysts have rated the stock with a buy recommendation and four have given a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $167.55.

Several analysts have issued reports on the company. Barclays boosted their price target on TJX Companies from $172.00 to $183.00 and gave the company an "overweight" rating in a report on Thursday, February 26th. UBS Group reaffirmed a "buy" rating on shares of TJX Companies in a research note on Wednesday, March 4th. Weiss Ratings raised TJX Companies from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Wednesday, April 1st. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, March 28th. Finally, Deutsche Bank Aktiengesellschaft set a $184.00 target price on shares of TJX Companies in a report on Thursday, January 8th.

Insider Activity at TJX Companies

In related news, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the transaction, the chief executive officer owned 479,316 shares in the company, valued at approximately $77,145,910.20. The trade was a 5.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.13% of the stock is owned by insiders.

Institutional Investors Weigh In On TJX Companies

A number of institutional investors and hedge funds have recently bought and sold shares of TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna raised its stake in TJX Companies by 120.3% during the 4th 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 purchasing an additional 89 shares during the period. Dogwood Wealth Management LLC boosted its stake in TJX Companies by 102.2% in the 3rd quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer's stock worth $26,000 after purchasing an additional 92 shares during the period. Entrust Financial LLC bought a new position in TJX Companies in the 4th quarter worth approximately $26,000. Wilkerson Advisory Group LLC purchased a new stake in TJX Companies during the 4th quarter valued at approximately $26,000. Finally, GGM Financials LLC purchased a new stake in TJX Companies during the 3rd quarter valued at approximately $27,000. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Up 0.6%

TJX opened at $160.32 on Wednesday. The firm's 50 day simple moving average is $157.70 and its two-hundred day simple moving average is $152.37. The company has a market capitalization of $177.44 billion, a PE ratio of 32.85, a PEG ratio of 3.66 and a beta of 0.73. TJX Companies has a 1-year low of $119.84 and a 1-year high of $165.82. The company has a current ratio of 1.14, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.05. The firm had revenue of $17.74 billion during the quarter, compared to the consensus estimate of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The company's revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.23 EPS. TJX Companies has set its FY 2027 guidance at 4.930-5.020 EPS and its Q1 2027 guidance at 0.970-0.990 EPS. As a group, equities analysts forecast that TJX Companies will post 4.18 EPS for the current year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Thursday, May 14th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.2%. This is a boost from TJX Companies's previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, May 14th. TJX Companies's dividend payout ratio is currently 34.84%.

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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