TJX Companies (NYSE:TJX) Reaches New 12-Month High After Earnings Beat

Key Points

• TJX Companies shares reached a new 52-week high of $145.58 following a strong earnings report, with a revenue of $14.40 billion for the quarter, exceeding estimates.
• The company's quarterly earnings per share (EPS) were $1.10, surpassing the consensus estimate by $0.09, while the net margin stood at 8.47%.
• TJX Companies declared a quarterly dividend of $0.425 per share, with an ex-dividend date on August 14th, representing an annual yield of 1.2%.

The TJX Companies, Inc. (NYSE:TJX - Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $145.58 and last traded at $140.97, with a volume of 1964142 shares trading hands. The stock had previously closed at $134.62.

The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $1.01 by $0.09. The firm had revenue of $14.40 billion for the quarter, compared to analysts' expectations of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The company's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm 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.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. TJX Companies's payout ratio is currently 40.00%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on TJX. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Evercore ISI boosted their price objective on shares of TJX Companies from $150.00 to $162.00 and gave the stock an "outperform" rating in a research note on Thursday. Wells Fargo & Company boosted their price objective on shares of TJX Companies from $120.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Thursday. Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Finally, Robert W. Baird boosted their price objective on shares of TJX Companies from $143.00 to $152.00 and gave the stock an "outperform" rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $147.58.

Insider Buying and Selling

In related news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director owned 22,712 shares in the company, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.13% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Lavaca Capital LLC acquired a new position in shares of TJX Companies during the 2nd quarter worth approximately $25,000. TCTC Holdings LLC grew its position in shares of 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 purchasing an additional 145 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in shares of TJX Companies during the 2nd quarter worth approximately $28,000. Howard Hughes Medical Institute acquired a new position in shares of TJX Companies during the 2nd quarter worth approximately $30,000. Finally, Legacy Investment Solutions LLC acquired a new position in shares of TJX Companies during the 2nd quarter worth approximately $32,000. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Stock Performance

The company has a current ratio of 1.17, a quick ratio of 0.51 and a debt-to-equity ratio of 0.32. The stock has a market cap of $152.35 billion, a price-to-earnings ratio of 31.07, a price-to-earnings-growth ratio of 3.15 and a beta of 0.89. The stock's 50-day simple moving average is $127.00 and its 200-day simple moving average is $125.48.

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.