TJX Companies (NYSE:TJX) Reaches New 12-Month High - Still a Buy?

Key Points

• TJX Companies shares reached a new 12-month high at $146.41, with increased trading activity noted at 270,504 shares.
• Analysts have raised their target prices for TJX, with the consensus target now at $148.50, indicating a positive outlook for the stock.
• The company announced a quarterly dividend of $0.425 per share, set to be paid on December 4th, showing a commitment to returning value to shareholders.

Shares of The TJX Companies, Inc. (NYSE:TJX - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $145.89 and last traded at $146.41, with a volume of 270504 shares traded. The stock had previously closed at $144.10.

Wall Street Analysts Forecast Growth

TJX has been the topic of several research reports. Wells Fargo & Company lifted 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 report on Thursday, August 21st. Barclays lifted their price objective on shares of TJX Companies from $147.00 to $155.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Bank of America lifted their target price on shares of TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. lifted their target price on shares of TJX Companies from $148.00 to $149.00 and gave the stock an "overweight" rating in a research note on Monday, October 6th. Finally, Weiss Ratings reiterated a "buy (b+)" rating on shares of TJX Companies in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $148.50.

TJX Companies Stock Up 0.7%

The stock's fifty day moving average is $138.62 and its 200 day moving average is $130.50. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $161.42 billion, a P/E ratio of 33.03, a price-to-earnings-growth ratio of 3.14 and a beta of 0.92.

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

TJX Companies Announces Dividend

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

Institutional Trading of TJX Companies

A number of hedge funds and other institutional investors have recently modified their holdings of TJX. Ignite Planners LLC lifted its position in shares of TJX Companies by 3.8% during the 2nd quarter. Ignite Planners LLC now owns 2,130 shares of the apparel and home fashions retailer's stock valued at $260,000 after buying an additional 77 shares in the last quarter. Banco de Sabadell S.A increased its stake in shares of TJX Companies by 0.4% in the 2nd quarter. Banco de Sabadell S.A now owns 20,951 shares of the apparel and home fashions retailer's stock worth $2,587,000 after acquiring an additional 77 shares during the last quarter. Carr Financial Group Corp increased its stake in shares of TJX Companies by 2.5% in the 3rd quarter. Carr Financial Group Corp now owns 3,180 shares of the apparel and home fashions retailer's stock worth $460,000 after acquiring an additional 77 shares during the last quarter. Revolve Wealth Partners LLC increased its position in shares of TJX Companies by 3.3% during the 2nd quarter. Revolve Wealth Partners LLC now owns 2,453 shares of the apparel and home fashions retailer's stock worth $303,000 after purchasing an additional 79 shares during the last quarter. Finally, Moody National Bank Trust Division increased its position in shares of TJX Companies by 0.5% during the 3rd quarter. Moody National Bank Trust Division now owns 17,558 shares of the apparel and home fashions retailer's stock worth $2,538,000 after purchasing an additional 80 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

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.

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