TJX Companies (NYSE:TJX) Hits New 12-Month Low – Time to Sell?

Shares of The TJX Companies, Inc. (NYSE:TJX) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $124.85 and last traded at $125.3980, with a volume of 807421 shares changing hands. The stock had previously closed at $125.99.

Analyst Ratings Changes

Several research firms recently commented on TJX. Evercore restated an “outperform” rating and issued a $173.00 price target on shares of TJX Companies in a report on Thursday, August 20th. Wells Fargo & Company cut their target price on shares of TJX Companies from $160.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 20th. Guggenheim set a $152.00 price objective on TJX Companies in a research report on Monday, August 31st. Jefferies Financial Group downgraded TJX Companies from a “buy” rating to a “hold” rating and dropped their target price for the company from $180.00 to $145.00 in a report on Wednesday, August 26th. Finally, JPMorgan Chase & Co. increased their price objective on shares of TJX Companies from $173.00 to $174.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $171.63.

TJX Companies Stock Down 1.4%

The firm has a fifty day simple moving average of $147.06 and a 200-day simple moving average of $154.08. The company has a market capitalization of $136.70 billion, a PE ratio of 22.99, a P/E/G ratio of 2.27 and a beta of 0.60. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. The business had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.10 earnings per share. 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. Equities research analysts anticipate that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

Institutional Investors Weigh In On TJX Companies

A number of institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in TJX Companies during the second quarter worth $16,489,926,000. Geode Capital Management LLC increased its stake in TJX Companies by 2.6% in the fourth quarter. Geode Capital Management LLC now owns 27,011,104 shares of the apparel and home fashions retailer’s stock valued at $4,134,174,000 after acquiring an additional 673,690 shares during the period. Bank of America Corp DE acquired a new position in TJX Companies in the second quarter worth about $3,511,553,000. Capital International Investors raised its position in TJX Companies by 2.0% in the fourth quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer’s stock worth $2,455,911,000 after purchasing an additional 308,408 shares in the last quarter. Finally, Norges Bank bought a new position in TJX Companies during the fourth quarter worth about $2,211,975,000. 91.09% of the stock is currently owned by institutional investors.

About TJX Companies

The TJX Companies, Inc is an off-price retailer specializing in apparel and home fashions. The company sells brand-name, designer and other merchandise at prices generally below those of full-price retailers. Its product assortment includes women’s, men’s and children’s clothing, footwear, accessories, beauty products, home furnishings, decor and other household goods.

TJX operates through a portfolio of retail banners, including T.J. Maxx, Marshalls, HomeGoods, Sierra and Homesense in the United States; Winners, HomeSense and Marshalls in Canada; and TK Maxx and Homesense in Europe and Australia.