TJX Companies (NYSE:TJX) Stock Rating Upgraded by Wall Street Zen

Key Points

• TJX Companies has been upgraded from a "hold" rating to a "buy" rating by analysts at Wall Street Zen, indicating a positive outlook for the stock.
• Several analysts have raised their price targets for TJX, with the average target now around $147.58, reflecting strong confidence in the company’s performance.
• The company's latest earnings report showed a 9% increase in revenue compared to the same quarter last year, alongside earnings per share of $1.10, surpassing consensus estimates.

Wall Street Zen upgraded shares of TJX Companies (NYSE:TJX - Free Report) from a hold rating to a buy rating in a report released on Saturday.

A number of other research analysts have also weighed in on TJX. Evercore ISI lifted their target price on TJX Companies from $150.00 to $162.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Macquarie reaffirmed a "buy" rating on shares of TJX Companies in a research note on Monday, August 11th. Daiwa America raised shares of TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Finally, Wells Fargo & Company boosted their price target on shares of TJX Companies from $120.00 to $130.00 and gave the company an "equal weight" rating in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, TJX Companies presently has a consensus rating of "Buy" and a consensus target price of $147.58.

TJX Companies Stock Performance

TJX stock traded up $1.14 during midday trading on Friday, reaching $136.64. 6,523,400 shares of the company's stock traded hands, compared to its average volume of 5,371,269. The firm has a market capitalization of $152.64 billion, a PE ratio of 31.13, a price-to-earnings-growth ratio of 3.07 and a beta of 0.89. The company has a 50-day moving average price of $127.22 and a two-hundred day moving average price of $125.55. TJX Companies has a 52 week low of $111.22 and a 52 week high of $145.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.09. The firm had revenue of $14.40 billion during the quarter, compared to analyst estimates of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The business's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the company earned $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. As a group, equities analysts anticipate that TJX Companies will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given 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 dividend payout ratio (DPR) is 38.72%.

Insider Activity

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

Hedge Funds Weigh In On TJX Companies

A number of large investors have recently modified their holdings of the company. Shell Asset Management Co. raised its stake in shares of TJX Companies by 16.5% during the fourth quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer's stock worth $3,524,000 after acquiring an additional 4,128 shares in the last quarter. Pathstone Holdings LLC boosted its stake in shares of TJX Companies by 10.1% in the 4th quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer's stock valued at $88,992,000 after purchasing an additional 67,853 shares in the last quarter. Ethic Inc. grew its holdings in shares of TJX Companies by 21.1% during the 4th quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer's stock valued at $20,196,000 after purchasing an additional 29,158 shares during the last quarter. Fiduciary Trust Co raised its position in TJX Companies by 5.2% in the 4th quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer's stock worth $349,284,000 after purchasing an additional 144,113 shares during the period. Finally, Pinnacle Financial Partners Inc raised its position in TJX Companies by 2.2% in the 1st quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer's stock worth $46,989,000 after purchasing an additional 8,319 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

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.