Weiss Ratings Reiterates "Buy (B+)" Rating for TJX Companies (NYSE:TJX)

Key Points

• Weiss Ratings has reaffirmed a "Buy (B+)" rating for TJX Companies, indicating positive sentiment from equity researchers.
• Several other investment firms have also upgraded their ratings or price targets for TJX, with Citigroup raising their target from $140 to $160.
• TJX reported better-than-expected earnings in its recent quarterly results, with $1.10 earnings per share surpassing analysts' estimates of $1.01.

TJX Companies (NYSE:TJX - Get Free Report)'s stock had its "buy (b+)" rating reissued by equities researchers at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

A number of other research firms have also recently weighed in on TJX. Erste Group Bank initiated coverage on TJX Companies in a report on Friday, September 5th. They set a "buy" rating for the company. Citigroup increased their price target on TJX Companies from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Barclays increased their price target on TJX Companies from $147.00 to $155.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Morgan Stanley increased their price target on TJX Companies from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $155.00 target price (up previously from $150.00) on shares of TJX Companies in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, TJX Companies has an average rating of "Buy" and a consensus price target of $147.63.

TJX Companies Trading Down 1.4%

NYSE:TJX traded down $1.98 during trading hours on Wednesday, hitting $140.68. The company had a trading volume of 5,153,045 shares, compared to its average volume of 5,288,450. 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 50-day moving average of $137.20 and a 200 day moving average of $129.75. The company has a market cap of $156.57 billion, a P/E ratio of 32.05, a P/E/G ratio of 3.22 and a beta of 0.92. TJX Companies has a 1 year low of $111.73 and a 1 year high of $145.58.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.09. The business had revenue of $14.40 billion during the quarter, compared to analysts' expectations of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The company's revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business 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. Sell-side analysts expect that TJX Companies will post 4.18 earnings per share for the current year.

Institutional Investors Weigh In On TJX Companies

Hedge funds have recently bought and sold shares of the stock. 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 valued at $46,989,000 after purchasing an additional 8,319 shares in the last quarter. State of Alaska Department of Revenue raised its position in TJX Companies by 1.7% in the 1st quarter. State of Alaska Department of Revenue now owns 181,712 shares of the apparel and home fashions retailer's stock valued at $22,132,000 after purchasing an additional 3,125 shares in the last quarter. FCG Investment Co acquired a new stake in TJX Companies in the 1st quarter valued at about $2,620,000. MinichMacGregor Wealth Management LLC acquired a new stake in TJX Companies in the 2nd quarter valued at about $5,045,000. Finally, Mainstream Capital Management LLC raised its position in TJX Companies by 4.3% in the 1st quarter. Mainstream Capital Management LLC now owns 12,450 shares of the apparel and home fashions retailer's stock valued at $1,516,000 after purchasing an additional 515 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

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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