TJX Companies Stock Forecast, Price & News

TJX Companies' stock was trading at $55.61 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, TJX shares have increased by 0.7% and is now trading at $56.02.
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25 Wall Street analysts have issued "buy," "hold," and "sell" ratings for TJX Companies in the last year. There are currently 1 hold rating, 23 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy."
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TJX Companies is scheduled to release its next quarterly earnings announcement on Tuesday, November 17th 2020.
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TJX Companies Inc (NYSE:TJX) posted its quarterly earnings data on Wednesday, August, 19th. The apparel and home fashions retailer reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by $0.08. The apparel and home fashions retailer had revenue of $6.67 billion for the quarter, compared to analysts' expectations of $6.58 billion. TJX Companies had a return on equity of 13.62% and a net margin of 2.11%. The firm's quarterly revenue was down 31.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 EPS.
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TJX Companies declared a quarterly dividend on Tuesday, December 3rd. Investors of record on Thursday, February 13th will be paid a dividend of $0.23 per share on Thursday, March 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Wednesday, February 12th.
View TJX Companies' dividend history.

TJX Companies's stock 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 distributed to shareholders after the closing bell on Tuesday, November 6th 2018. An investor that had 100 shares of TJX Companies stock prior to the split would have 200 shares after the split.

TJX Companies declared that its board has initiated a share repurchase plan on Wednesday, February 27th 2019, which authorizes the company to repurchase $2,250,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy up to 3.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

25 Wall Street analysts have issued 12 month price targets for TJX Companies' stock. Their forecasts range from $53.00 to $75.00. On average, they anticipate TJX Companies' share price to reach $64.36 in the next year. This suggests a possible upside of 14.9% from the stock's current price.
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TJX Companies saw a drop in short interest in August. As of August 14th, there was short interest totaling 12,130,000 shares, a drop of 17.3% from the July 30th total of 14,660,000 shares. Based on an average trading volume of 8,080,000 shares, the days-to-cover ratio is currently 1.5 days. Approximately 1.0% of the company's stock are sold short.
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Some companies that are related to TJX Companies include Ross Stores (ROST), GAP (GPS), Foot Locker (FL), American Eagle Outfitters (AEO), Urban Outfitters (URBN), Buckle (BKE), Abercrombie & Fitch (ANF), Guess? (GES), Zumiez (ZUMZ), Shoe Carnival (SCVL), Designer Brands (DBI), Childrens Place (PLCE), Caleres (CAL), Genesco (GCO) and Citi Trends (CTRN).
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Based on aggregate information from My MarketBeat watchlists, some companies that other TJX Companies investors own include NVIDIA (NVDA), Walt Disney (DIS), AbbVie (ABBV), Johnson & Johnson (JNJ), Home Depot (HD), Starbucks (SBUX), Visa (V), Alibaba Group (BABA), Bank of America (BAC) and salesforce.com (CRM).

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

TJX Companies' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.40%), Vanguard Group Inc. (8.07%), FMR LLC (2.65%), Bank of New York Mellon Corp (2.51%), Bank of America Corp DE (1.59%) and Nuveen Asset Management LLC (1.06%). Company insiders that own TJX Companies stock include Amy B Lane, Carol Meyrowitz, David T Ching, Ernie Herrman, Kenneth Canestrari, Richard Sherr, Rosemary T Berkery and Scott Goldenberg.
View institutional ownership trends for TJX Companies.

TJX stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Charles Schwab Investment Management Inc., Vanguard Group Inc., AQR Capital Management LLC, First Trust Advisors LP, CIBC Private Wealth Group LLC, Copper Rock Capital Partners LLC, and Teacher Retirement System of Texas. Company insiders that have sold TJX Companies company stock in the last year include Carol Meyrowitz, Ernie Herrman, and Kenneth Canestrari.
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TJX stock was acquired by a variety of institutional investors in the last quarter, including Copper Rock Capital Partners LLC, BlackRock Inc., Neuberger Berman Group LLC, Nordea Investment Management AB, Nuveen Asset Management LLC, Bank of America Corp DE, Viking Global Investors LP, and Sei Investments Co..
View insider buying and selling activity for TJX Companies.

Shares of TJX can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of TJX stock can currently be purchased for approximately $56.02.

TJX Companies has a market capitalization of $67.17 billion and generates $41.72 billion in revenue each year. The apparel and home fashions retailer earns $3.27 billion in net income (profit) each year or $2.67 on an earnings per share basis. TJX Companies employs 286,000 workers across the globe.

The official website for TJX Companies is www.tjx.com.

TJX Companies' mailing address is 770 Cochituate Road, FRAMINGHAM MA, 01701. The apparel and home fashions retailer can be reached via phone at 508-390-1000 or via email at [email protected]