TJX Companies (TJX) Stock Forecast, Price & News

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TJX Companies in the last year. There are currently 2 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TJX shares.
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15 Wall Street research analysts have issued 1 year target prices for TJX Companies' stock. Their TJX share price forecasts range from $65.00 to $95.00. On average, they expect the company's stock price to reach $86.40 in the next twelve months. This suggests a possible upside of 11.6% from the stock's current price.
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TJX Companies' stock was trading at $79.60 at the beginning of the year. Since then, TJX stock has decreased by 2.7% and is now trading at $77.45.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 16th 2023.
View our TJX earnings forecast.

The TJX Companies, Inc. (NYSE:TJX) posted its quarterly earnings data on Wednesday, May, 17th. The apparel and home fashions retailer reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.05. The apparel and home fashions retailer earned $11.78 billion during the quarter, compared to the consensus estimate of $11.82 billion. TJX Companies had a net margin of 7.56% and a trailing twelve-month return on equity of 62.78%. TJX Companies's revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.68 earnings per share.
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TJX Companies announced a quarterly dividend on Tuesday, March 28th. Investors of record on Thursday, May 11th will be paid a dividend of $0.3325 per share on Thursday, June 1st. This represents a $1.33 annualized dividend and a yield of 1.72%. The ex-dividend date is Wednesday, May 10th. This is a boost from the stock's previous quarterly dividend of $0.30.
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), iShares U.S. Consumer Focused ETF (IEDI), BTD Capital Fund (DIP), Neuberger Berman Next Generation Connected Consumer ETF (NBCC), Consumer Discretionary Select Sector SPDR Fund (XLY), Emerge EMPWR Sustainable Select Growth Equity ETF (EMGC), Emerge EMPWR Sustainable Global Core Equity ETF (EMZA) and Nuveen Dividend Growth ETF (NDVG).

TJX Companies (NYSE:TJX) pays an annual dividend of $1.33 per share and currently has a dividend yield of 1.73%. 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 40.92%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TJX will have a dividend payout ratio of 33.93% 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 on the morning of Monday, November 5th 2018. The 2-1 split was announced on Monday, September 17th 2018. The newly minted shares were payable to shareholders after the market closes 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 updated its second quarter 2024 earnings guidance on Friday, May, 26th. The company provided earnings per share (EPS) guidance of $0.72-$0.75 for the period, compared to the consensus EPS estimate of $0.79. The company issued revenue guidance of $12.30 billion-$12.40 billion, compared to the consensus revenue estimate of $12.42 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.91%), Wellington Management Group LLP (6.79%), FMR LLC (4.25%), State Street Corp (3.87%), Bank of New York Mellon Corp (2.12%) and Geode Capital Management LLC (1.81%). 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 $77.45.

TJX Companies (NYSE:TJX) has a market capitalization of $89.01 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 $3.25 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.