TJX Companies (NYSE:TJX) Stock Bumped Down to “Hold” by Gordon Haskett

Gordon Haskett downgraded shares of TJX Companies (NYSE:TJX) from an accumulate rating to a hold rating in a report released on Friday, MarketBeat.com reports. Gordon Haskett currently has $130.00 price target on the apparel and home fashions retailer’s stock.

TJX has been the topic of a number of other research reports. BTIG Research restated a “buy” rating and set a $190.00 price objective on shares of TJX Companies in a research report on Thursday, August 20th. Jefferies Financial Group cut shares of TJX Companies from a “buy” rating to a “hold” rating and dropped their target price for the stock from $180.00 to $145.00 in a report on Wednesday, August 26th. UBS Group cut their target price on shares of TJX Companies from $198.00 to $184.00 and set a “buy” rating for the company in a research report on Tuesday, November 10th. Daiwa Securities Group decreased their target price on shares of TJX Companies from $168.00 to $155.00 in a research note on Tuesday, August 25th. Finally, Evercore reissued an “outperform” rating and set a $173.00 price target (down from $175.00) on shares of TJX Companies in a report on Thursday, August 20th. Twenty investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $170.61.

TJX Companies Stock Performance

NYSE:TJX traded down $1.64 during mid-day trading on Friday, reaching $134.34. The company’s stock had a trading volume of 9,001,718 shares, compared to its average volume of 5,768,985. TJX Companies has a 12-month low of $122.78 and a 12-month high of $170.00. The firm’s fifty day moving average price is $136.13 and its two-hundred day moving average price is $150.38. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18. The stock has a market cap of $147.77 billion, a P/E ratio of 24.83, a PEG ratio of 2.57 and a beta of 0.58.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.03. The business had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.10 EPS. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. On average, equities analysts forecast that TJX Companies will post 5.22 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 12th will be given a $0.48 dividend. The ex-dividend date is Thursday, November 12th. This represents a $1.92 annualized dividend and a yield of 1.4%. TJX Companies’s dividend payout ratio (DPR) is presently 35.49%.

Institutional Investors Weigh In On TJX Companies

Hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new position in TJX Companies during the second quarter valued at $16,489,926,000. State Street Corp increased its position in TJX Companies by 2.9% in the second quarter. State Street Corp now owns 49,709,223 shares of the apparel and home fashions retailer’s stock worth $7,530,947,000 after buying an additional 1,388,026 shares in the last quarter. Bank of America Corp DE purchased a new stake in TJX Companies in the second quarter worth about $3,511,553,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of TJX Companies by 7.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,560,007 shares of the apparel and home fashions retailer’s stock worth $1,902,841,000 after buying an additional 883,294 shares during the period. Finally, Bank of New York Mellon Corp purchased a new position in shares of TJX Companies during the 2nd quarter valued at about $1,598,731,000. Institutional investors own 91.09% of the company’s stock.

Trending Headlines about TJX Companies

Here are a few of the latest headlines about TJX:

• Positive Sentiment: Preview coverage sees strong value-focused demand and fresh merchandise assortments as potential supports for Q3 performance. The TJX Companies Q3 Earnings Coming Up: Key Factors to Watch
• Negative Sentiment: Gordon Haskett downgraded TJX from “accumulate” to “hold” and set a $130 price target, below the stock’s cited $134.34 level. The more cautious rating may add pressure ahead of earnings. Gordon Haskett recommendations
• Negative Sentiment: Wells Fargo lowered its price target from $140 to $135 and maintained an “equal weight” rating, signaling limited expected upside at the cited share price. Wells Fargo adjusts TJX price target

TJX Companies Company Profile

The TJX Companies, Inc. is an off-price retailer that sells apparel, footwear, accessories, home furnishings and other merchandise through stores and e-commerce sites. Its buying approach focuses on offering brand-name and designer goods at prices generally below those of traditional retailers. The company operates retail chains including TJ Maxx, Marshalls, HomeGoods and Sierra in the United States; Winners, HomeSense and Marshalls in Canada; and TK Maxx and Homesense in Europe. Its stores carry a changing selection of products across categories such as clothing, home décor, furniture, beauty and outdoor gear.