TJX Companies (NYSE:TJX) Coverage Initiated at BTIG Research

Key Points

• BTIG Research has initiated coverage on TJX Companies, issuing a "buy" rating on the retailer's stock.
• Analysts have consistently rated TJX positively, with a strong consensus of buy ratings and a price target of $148.50.
• TJX reported earnings that exceeded estimates, with a net margin of 8.59% and revenue increase of 6.9% year-over-year.

Analysts at BTIG Research began coverage on shares of TJX Companies (NYSE:TJX - Get Free Report) in a research note issued on Tuesday, MarketBeat reports. The brokerage set a "buy" rating on the apparel and home fashions retailer's stock.

Several other equities analysts have also recently weighed in on TJX. UBS Group raised their target price on shares of TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Macquarie reaffirmed a "buy" rating on shares of TJX Companies in a research note on Monday, August 11th. Weiss Ratings reaffirmed a "buy (b+)" rating on shares of TJX Companies in a research note on Wednesday, October 8th. Barclays raised their target price on shares of TJX Companies from $147.00 to $155.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Finally, Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, August 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $148.50.

TJX Companies Stock Up 0.6%

Shares of TJX stock opened at $145.00 on Tuesday. The company has a market capitalization of $161.38 billion, a price-to-earnings ratio of 33.03, a PEG ratio of 3.20 and a beta of 0.92. TJX Companies has a one year low of $111.73 and a one year high of $146.46. The company's fifty day moving average price is $138.88 and its 200-day moving average price is $130.60. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.09. The company had revenue of $14.40 billion during 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%. TJX Companies's quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company posted $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. Sell-side analysts expect that TJX Companies will post 4.18 EPS for the current fiscal year.

Institutional Investors Weigh In On TJX Companies

Large investors have recently modified their holdings of the business. Brighton Jones LLC grew its position in shares of TJX Companies by 113.7% in the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock worth $1,817,000 after buying an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC grew its position 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 worth $262,000 after buying an additional 235 shares during 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. GAMMA Investing LLC grew its position in shares of TJX Companies by 19.8% in the 1st quarter. GAMMA Investing LLC now owns 23,909 shares of the apparel and home fashions retailer's stock worth $2,912,000 after buying an additional 3,944 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in shares of TJX Companies by 1.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 943,136 shares of the apparel and home fashions retailer's stock worth $114,875,000 after buying an additional 17,857 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.