TJX Companies (TJX) Stock Forecast, Price & News

19 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TJX Companies in the last twelve months. There are currently 3 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TJX shares.
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19 equities research analysts have issued twelve-month target prices for TJX Companies' stock. Their TJX share price forecasts range from $80.00 to $110.00. On average, they expect the company's stock price to reach $95.42 in the next twelve months. This suggests a possible upside of 7.0% from the stock's current price.
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TJX Companies' stock was trading at $79.60 at the beginning of 2023. Since then, TJX stock has increased by 12.0% and is now trading at $89.17.
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TJX Companies saw a increase in short interest during the month of August. As of August 15th, there was short interest totaling 9,110,000 shares, an increase of 30.7% from the July 31st total of 6,970,000 shares. Based on an average trading volume of 4,850,000 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.8% of the company's shares are sold short.
View TJX Companies' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 15th 2023.
View our TJX earnings forecast.

The TJX Companies, Inc. (NYSE:TJX) announced its quarterly earnings results on Wednesday, August, 16th. The apparel and home fashions retailer reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.08. The apparel and home fashions retailer earned $12.76 billion during the quarter, compared to analyst estimates of $12.45 billion. TJX Companies had a trailing twelve-month return on equity of 62.61% and a net margin of 7.77%. TJX Companies's revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 EPS.
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TJX Companies declared a quarterly dividend on Tuesday, September 19th. Shareholders of record on Thursday, November 9th will be given a dividend of $0.3325 per share on Thursday, November 30th. This represents a $1.33 annualized dividend and a yield of 1.49%. The ex-dividend date is Wednesday, November 8th.
Read our dividend analysis for TJX.

ETFs with the largest weight of TJX Companies (NYSE:TJX) stock in their portfolio include VanEck Retail ETF (RTH), WBI BullBear Quality 3000 ETF (WBIL), iShares U.S. Consumer Focused ETF (IEDI), Neuberger Berman Next Generation Connected Consumer ETF (NBCC), Consumer Discretionary Select Sector SPDR Fund (XLY), Emerge EMPWR Sustainable Select Growth Equity ETF (EMGC), First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) and Emerge EMPWR Sustainable Global Core Equity ETF (EMZA).

TJX Companies (NYSE:TJX) pays an annual dividend of $1.33 per share and currently has a dividend yield of 1.47%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 39.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TJX will have a dividend payout ratio of 32.92% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TJX.

TJX Companies shares split before market open on Monday, November 5th 2018. The 2-1 split was announced on Monday, September 17th 2018. The newly issued shares were payable to shareholders after the closing bell on Tuesday, November 6th 2018. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

TJX Companies issued an update on its FY 2024 earnings guidance on Wednesday, August, 16th. The company provided earnings per share (EPS) guidance of $3.56-$3.62 for the period, compared to the consensus estimate of $3.59. The company issued revenue guidance of $51.43 billion-$51.94 billion, compared to the consensus revenue estimate of $53.19 billion.

238 employees have rated TJX Companies Chief Executive Officer Ernie Herrman on Glassdoor.com. Ernie Herrman has an approval rating of 92% among the company's employees. This puts Ernie Herrman in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other TJX Companies investors own include NVIDIA (NVDA), Walt Disney (DIS), Johnson & Johnson (JNJ), AbbVie (ABBV), Starbucks (SBUX), Home Depot (HD), Visa (V), Bank of America (BAC), Alibaba Group (BABA) and Salesforce (CRM).

TJX Companies trades on the New York Stock Exchange (NYSE) under the ticker symbol "TJX."

TJX Companies' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.97%), State Street Corp (4.05%), Bank of New York Mellon Corp (2.04%), Geode Capital Management LLC (1.87%), Capital International Investors (1.66%) and Bank Julius Baer & Co. Ltd Zurich (1.46%). Insiders that own company stock include Amy B Lane, Carol Meyrowitz, Ernie Herrman, Kenneth Canestrari, Louise Greenlees, Michael F Hines, Richard Sherr, Scott Goldenberg and Zein Abdalla.
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Shares of TJX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TJX stock can currently be purchased for approximately $89.17.

TJX Companies (NYSE:TJX) has a market capitalization of $102.02 billion and generates $49.94 billion in revenue each year. The apparel and home fashions retailer earns $3.50 billion in net income (profit) each year or $3.41 on an earnings per share basis.

The company employs 329,000 workers across the globe.

TJX Companies' mailing address is 770 Cochituate Road, FRAMINGHAM MA, 01701. The official website for the company is www.tjx.com. The apparel and home fashions retailer can be reached via phone at (508) 390-1000, via email at shrrelations@cpushareownerservices.com, or via fax at 508-390-2828.