TJX Companies (NYSE:TJX) Price Target Raised to $148.00

TJX Companies (NYSE:TJX) had its price target raised by JPMorgan Chase & Co. from $145.00 to $148.00 in a research report sent to investors on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the apparel and home fashions retailer’s stock.

A number of other research analysts have also recently weighed in on the stock. BMO Capital Markets reissued an “outperform” rating on shares of TJX Companies in a research note on Wednesday, May 21st. Daiwa America raised shares of TJX Companies to a “strong-buy” rating in a research note on Tuesday, July 8th. UBS Group raised their price objective on shares of TJX Companies from $164.00 to $172.00 and gave the stock a “buy” rating in a research note on Thursday. Telsey Advisory Group reissued an “outperform” rating and set a $155.00 price objective (up from $150.00) on shares of TJX Companies in a research note on Wednesday. Finally, Bank of America raised their price objective on shares of TJX Companies from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, TJX Companies currently has a consensus rating of “Buy” and an average price target of $147.58.

TJX Companies Trading Down 0.8%

Shares of TJX Companies stock opened at $136.3790 on Thursday. TJX Companies has a 12-month low of $111.22 and a 12-month high of $145.58. The company has a current ratio of 1.17, a quick ratio of 0.51 and a debt-to-equity ratio of 0.32. The stock has a market cap of $152.35 billion, a PE ratio of 31.07, a price-to-earnings-growth ratio of 3.12 and a beta of 0.89. The company has a 50-day moving average of $127.00 and a two-hundred day moving average of $125.48.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, beating 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 company had revenue of $14.40 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same period last year, the company posted $0.96 earnings per share. The firm’s quarterly revenue 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. On average, research analysts anticipate that TJX Companies will post 4.18 EPS for the current fiscal 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 paid 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 payout ratio is presently 38.72%.

Insider Buying and Selling

In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director directly owned 22,712 shares of the company’s stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company’s stock.

Institutional Trading of TJX Companies

Several hedge funds and other institutional investors have recently bought and sold shares of TJX. Brighton Jones LLC grew its stake in TJX Companies by 113.7% in the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock worth $1,817,000 after acquiring an additional 8,002 shares during the period. Revolve Wealth Partners LLC grew its stake in TJX Companies by 12.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock worth $262,000 after acquiring an additional 235 shares during the period. MGO One Seven LLC grew its stake in TJX Companies by 35.7% in the 4th quarter. MGO One Seven LLC now owns 39,724 shares of the apparel and home fashions retailer’s stock worth $4,799,000 after acquiring an additional 10,454 shares during the period. Coppell Advisory Solutions LLC grew its stake in TJX Companies by 31.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 435 shares of the apparel and home fashions retailer’s stock worth $53,000 after acquiring an additional 105 shares during the period. Finally, Burling Wealth Partners LLC purchased a new stake in TJX Companies in the 4th quarter worth approximately $3,141,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Company Profile

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.