TJX Companies (NYSE:TJX) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of TJX Companies (NYSE:TJX) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

Other analysts have also recently issued reports about the stock. Citigroup restated a “buy” rating and set a $182.00 price target (up from $168.00) on shares of TJX Companies in a research note on Thursday, May 21st. Telsey Advisory Group boosted their target price on shares of TJX Companies from $175.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, May 21st. Erste Group Bank downgraded TJX Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. BTIG Research raised their price target on TJX Companies from $185.00 to $190.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, Weiss Ratings upgraded TJX Companies from a “buy (b)” rating to a “buy (b+)” rating in a research report on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $176.89.

TJX Companies Stock Up 0.8%

TJX stock opened at $155.67 on Friday. The stock has a fifty day moving average of $156.67 and a 200-day moving average of $156.54. TJX Companies has a fifty-two week low of $122.30 and a fifty-two week high of $170.00. The company has a market capitalization of $171.96 billion, a price-to-earnings ratio of 30.23, a PEG ratio of 3.35 and a beta of 0.63. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.54 and a current ratio of 1.14.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.17. The business had revenue of $14.32 billion for the quarter, compared to analysts’ expectations of $14.02 billion. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.92 EPS. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. As a group, equities research analysts predict that TJX Companies will post 5.17 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Thursday, August 13th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 13th. TJX Companies’s dividend payout ratio is 37.28%.

Insider Activity

In other TJX Companies news, Director Jackwyn Nemerov sold 957 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $168.59, for a total value of $161,340.63. Following the completion of the transaction, the director directly owned 802 shares of the company’s stock, valued at $135,209.18. This trade represents a 54.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ernie Herrman sold 10,002 shares of the business’s stock in a transaction on Friday, June 5th. The shares were sold at an average price of $160.68, for a total transaction of $1,607,121.36. Following the transaction, the chief executive officer owned 514,848 shares of the company’s stock, valued at $82,725,776.64. This trade represents a 1.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 130,367 shares of company stock valued at $20,959,476. 0.15% of the stock is owned by company insiders.

Hedge Funds Weigh In On TJX Companies

A number of institutional investors have recently added to or reduced their stakes in the business. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its position in shares of TJX Companies by 120.3% in the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock worth $25,000 after purchasing an additional 89 shares during the last quarter. Entrust Financial LLC purchased a new position in TJX Companies in the 4th quarter worth approximately $26,000. Wilkerson Advisory Group LLC bought a new position in shares of TJX Companies in the 4th quarter worth $26,000. Joseph Group Capital Management bought a new position in shares of TJX Companies in the 4th quarter worth $27,000. Finally, IMG Wealth Management Inc. raised its position in shares of TJX Companies by 65.7% during the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock valued at $27,000 after buying an additional 69 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

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.