TJX Companies - TJX Stock Forecast, Price & News

The TJX Companies, Inc., together with its subsidiaries, operates as an off-price apparel and home fashions retailer. 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, kids, and gourmet food departments; jewelry and accessories; and other merchandise. As of February 23, 2022, it operated 1,284 T.J. Maxx, 1,148 Marshalls, 850 HomeGoods, 59 Sierra, and 39 Homesense stores, as well as tjmaxx.com, marshalls.com, and sierra.com in the United States; 293 Winners, 147 HomeSense, and 106 Marshalls stores in Canada; 618 T.K. Maxx and 77 Homesense stores, as well as tkmaxx.com in Europe; and 68 T.K. Maxx stores in Australia. The company was incorporated in 1962 and is headquartered in Framingham, Massachusetts.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. TheStreet downgraded TJX Companies from a "b" rating to a "c+" rating in a report on Wednesday, May 18th. The Goldman Sachs Group assumed coverage on TJX Companies in a report on Tuesday, August 2nd. They set a "neutral" rating and a $70.00 price target for the company. Robert W. Baird decreased their price target on TJX Companies from $78.00 to $74.00 and set an "outperform" rating for the company in a report on Thursday, May 19th. StockNews.com downgraded TJX Companies from a "buy" rating to a "hold" rating in a report on Thursday, July 28th. Finally, JPMorgan Chase & Co. decreased their price target on TJX Companies from $81.00 to $76.00 in a report on Monday, May 16th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $76.50.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $62.70 on Wednesday. TJX Companies has a fifty-two week low of $53.69 and a fifty-two week high of $77.35. The stock has a market cap of $73.46 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 1.91 and a beta of 0.92. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.55 and a current ratio of 1.25. The firm's 50-day simple moving average is $59.99 and its 200 day simple moving average is $62.28.

TJX Companies (NYSE:TJX - Get Rating) last announced its quarterly earnings results on Wednesday, May 18th. The apparel and home fashions retailer reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.08. TJX Companies had a net margin of 6.69% and a return on equity of 61.28%. The business had revenue of $11.41 billion for the quarter, compared to analysts' expectations of $11.58 billion. During the same quarter last year, the firm earned $0.44 EPS. The firm's revenue for the quarter was up 13.1% compared to the same quarter last year. As a group, research analysts anticipate that TJX Companies will post 3.14 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 11th will be given a dividend of $0.295 per share. The ex-dividend date is Wednesday, August 10th. This represents a $1.18 annualized dividend and a dividend yield of 1.88%. TJX Companies's dividend payout ratio is currently 42.91%.

Insiders Place Their Bets

In other news, EVP Richard Sherr sold 46,997 shares of the firm's stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $62.25, for a total transaction of $2,925,563.25. Following the completion of the sale, the executive vice president now owns 104,127 shares in the company, valued at approximately $6,481,905.75. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Scott Goldenberg sold 30,000 shares of the business's stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $62.03, for a total transaction of $1,860,900.00. Following the completion of the transaction, the chief financial officer now directly owns 119,127 shares in the company, valued at approximately $7,389,447.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Richard Sherr sold 46,997 shares of TJX Companies stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $62.25, for a total transaction of $2,925,563.25. Following the sale, the executive vice president now directly owns 104,127 shares of the company's stock, valued at $6,481,905.75. The disclosure for this sale can be found here. Insiders have sold a total of 112,824 shares of company stock valued at $6,973,343 in the last 90 days. 0.19% of the stock is currently owned by corporate insiders.