The TJX Companies, Inc. (NYSE:TJX) Given Consensus Recommendation of “Buy” by Brokerages

Shares of The TJX Companies, Inc. (NYSE:TJX) have been given an average rating of “Buy” by the twenty-five brokerages that are covering the firm, Marketbeat reports. Twenty-two research analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $167.55.

A number of brokerages have recently weighed in on TJX. Wall Street Zen lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. UBS Group restated a “buy” rating on shares of TJX Companies in a research note on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft set a $184.00 price target on TJX Companies in a research report on Thursday, January 8th. JPMorgan Chase & Co. increased their price objective on TJX Companies from $154.00 to $173.00 and gave the company an “overweight” rating in a report on Monday, February 23rd. Finally, Robert W. Baird set a $168.00 price objective on TJX Companies in a research note on Wednesday, December 17th.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total value of $4,828,500.00. Following the transaction, the chief executive officer owned 479,316 shares in the company, valued at approximately $77,145,910.20. This represents a 5.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.13% of the company’s stock.

Institutional Trading of TJX Companies

Several large investors have recently made changes to their positions in TJX. Trust Point Inc. raised its holdings in shares of TJX Companies by 1.3% during the fourth quarter. Trust Point Inc. now owns 5,227 shares of the apparel and home fashions retailer’s stock worth $803,000 after purchasing an additional 66 shares during the last quarter. Jaffetilchin Investment Partners LLC grew its position in TJX Companies by 1.6% during the 4th quarter. Jaffetilchin Investment Partners LLC now owns 4,236 shares of the apparel and home fashions retailer’s stock worth $651,000 after purchasing an additional 66 shares during the period. Hohimer Wealth Management LLC grew its position in TJX Companies by 1.2% during the 4th quarter. Hohimer Wealth Management LLC now owns 5,595 shares of the apparel and home fashions retailer’s stock worth $859,000 after purchasing an additional 66 shares during the period. Tempus Wealth Planning LLC raised its stake in shares of TJX Companies by 0.5% during the 4th quarter. Tempus Wealth Planning LLC now owns 12,277 shares of the apparel and home fashions retailer’s stock valued at $1,886,000 after buying an additional 67 shares during the last quarter. Finally, Verde Capital Management lifted its holdings in shares of TJX Companies by 0.7% in the 4th quarter. Verde Capital Management now owns 10,022 shares of the apparel and home fashions retailer’s stock valued at $1,539,000 after buying an additional 67 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $159.66 on Friday. The company has a 50 day moving average price of $155.58 and a 200 day moving average price of $150.36. The firm has a market capitalization of $177.30 billion, a P/E ratio of 32.72, a PEG ratio of 3.64 and a beta of 0.73. The company has a quick ratio of 0.59, a current ratio of 1.14 and a debt-to-equity ratio of 0.18. TJX Companies has a 52 week low of $116.37 and a 52 week high of $162.68.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.05. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The company had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.36 billion. During the same quarter in the previous year, the firm earned $1.23 EPS. TJX Companies’s revenue was up 8.5% compared to the same quarter last year. TJX Companies has set its FY 2027 guidance at 4.930-5.020 EPS and its Q1 2027 guidance at 0.970-0.990 EPS. Sell-side analysts expect that TJX Companies will post 4.18 EPS for the current year.

About TJX Companies

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.