TJX Companies (NYSE:TJX) Price Target Raised to $130.00

TJX Companies (NYSE:TJX) had its price target lifted by Wells Fargo & Company from $120.00 to $130.00 in a research note published on Thursday morning,Benzinga reports. The brokerage currently has an equal weight rating on the apparel and home fashions retailer’s stock.

A number of other equities analysts have also commented on the stock. Citigroup raised their price target on shares of TJX Companies from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley raised their price target on shares of TJX Companies from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday. Evercore ISI raised their price target on shares of TJX Companies from $150.00 to $162.00 and gave the stock an “outperform” rating in a research report on Thursday. Bank of America raised their target price on shares of TJX Companies from $145.00 to $150.00 and gave the company a “buy” rating in a report on Thursday. Finally, BMO Capital Markets reissued an “outperform” rating on shares of TJX Companies in a report on Wednesday, May 21st. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $147.58.

TJX Companies Price Performance

NYSE:TJX opened at $136.3790 on Thursday. TJX Companies has a 52 week low of $111.22 and a 52 week high of $145.58. The firm has a market cap of $152.35 billion, a price-to-earnings ratio of 31.07, a P/E/G ratio of 3.12 and a beta of 0.89. The firm’s 50-day simple moving average is $127.00 and its 200 day simple moving average is $125.48. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.51 and a current ratio of 1.17.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The business had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period last year, the firm earned $0.96 earnings per share. TJX Companies’s revenue for the quarter was up 6.9% compared to the same quarter last year. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. As a group, sell-side analysts predict that TJX Companies will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies’s dividend payout ratio (DPR) is currently 38.72%.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director directly owned 22,712 shares of the company’s stock, valued at $2,909,180.08. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TJX Companies

A number of hedge funds have recently made changes to their positions in the stock. Stance Capital LLC acquired a new stake in shares of TJX Companies in the 2nd quarter valued at approximately $3,981,000. Thompson Davis & CO. Inc. boosted its stake in shares of TJX Companies by 24.5% in the 2nd quarter. Thompson Davis & CO. Inc. now owns 4,325 shares of the apparel and home fashions retailer’s stock valued at $534,000 after purchasing an additional 850 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of TJX Companies in the 2nd quarter valued at approximately $6,248,000. Advisory Services Network LLC boosted its stake in shares of TJX Companies by 17.8% in the 2nd quarter. Advisory Services Network LLC now owns 97,910 shares of the apparel and home fashions retailer’s stock valued at $12,193,000 after purchasing an additional 14,823 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of TJX Companies by 4.6% in the 2nd quarter. Geneos Wealth Management Inc. now owns 8,575 shares of the apparel and home fashions retailer’s stock valued at $1,059,000 after purchasing an additional 374 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.