TJX Companies (NYSE:TJX) Sets New 12-Month High - Here's Why

Key Points

• The stock hit a new 52-week high at $163.50 and carries a MarketBeat consensus rating of Buy, with several firms raising price targets (consensus $167.55; Barclays $183, Telsey $175).
• TJX beat quarterly estimates with EPS of $1.43 and revenue of $17.74B (+8.5% YoY) and issued FY 2027 guidance of $4.93–$5.02 EPS (Q1 guidance $0.97–$0.99).
• The company raised its quarterly dividend to $0.48 (annualized $1.92, ~1.2% yield), with an ex-dividend date of May 14 and payment on June 4.

Shares of The TJX Companies, Inc. (NYSE:TJX - Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $163.50 and last traded at $163.1930, with a volume of 566064 shares traded. The stock had previously closed at $161.64.

Analyst Ratings Changes

Several brokerages recently weighed in on TJX. Telsey Advisory Group upped their price objective on TJX Companies from $170.00 to $175.00 and gave the stock an "outperform" rating in a research report on Thursday, February 26th. UBS Group restated a "buy" rating on shares of TJX Companies in a research report on Wednesday, March 4th. Barclays upped their price objective on TJX Companies from $172.00 to $183.00 and gave the stock an "overweight" rating in a research report on Thursday, February 26th. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, March 28th. Finally, Sanford C. Bernstein restated an "outperform" rating and set a $170.00 price objective on shares of TJX Companies in a research report on Tuesday, January 6th. Four equities research analysts have rated the stock with a Strong Buy rating and twenty-one have issued a Buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $167.55.

TJX Companies Trading Up 1.0%

The business has a fifty day simple moving average of $156.76 and a 200-day simple moving average of $151.71. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14. The firm has a market cap of $180.62 billion, a price-to-earnings ratio of 33.46, a PEG ratio of 3.71 and a beta of 0.73.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.05. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.The business had revenue of $17.74 billion during the quarter, compared to analysts' expectations of $17.36 billion. During the same quarter in the prior year, the firm earned $1.23 EPS. The business's revenue for the quarter was up 8.5% compared to the same quarter last year. 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 The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

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

Insider Buying and Selling at TJX Companies

In other news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $160.95, for a total value of $4,828,500.00. Following the completion of the sale, the chief executive officer owned 479,316 shares of the company's stock, valued at approximately $77,145,910.20. This represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.13% of the company's stock.

Institutional Investors Weigh In On TJX Companies

Several institutional investors and hedge funds have recently made changes to their positions in TJX. Brighton Jones LLC increased its stake in shares of 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 buying an additional 8,002 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of TJX Companies by 12.1% in the fourth 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 during the period. Bison Wealth LLC increased its stake in shares of TJX Companies by 32.9% in the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer's stock valued at $466,000 after buying an additional 955 shares during the period. United Bank increased its stake in shares of TJX Companies by 7.6% in the second quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer's stock valued at $2,013,000 after buying an additional 1,155 shares during the period. Finally, Schnieders Capital Management LLC. acquired a new stake in shares of TJX Companies in the second quarter valued at about $244,000. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Company Profile

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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