TJX Companies (NYSE:TJX) Rating Increased to Buy 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.

A number of other analysts have also weighed in on TJX. Citigroup increased their target price on TJX Companies from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday. Evercore ISI increased their target price on TJX Companies from $150.00 to $162.00 and gave the stock an “outperform” rating in a research note on Thursday. Sanford C. Bernstein lifted their price objective on shares of TJX Companies from $145.00 to $152.00 and gave the company an “outperform” rating in a report on Thursday. JPMorgan Chase & Co. lifted their price objective on shares of TJX Companies from $145.00 to $148.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Robert W. Baird lifted their price objective on shares of TJX Companies from $143.00 to $152.00 and gave the company an “outperform” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $147.58.

TJX Companies Price Performance

TJX Companies stock opened at $136.3790 on Friday. The firm has a 50-day moving average price of $127.00 and a 200-day moving average price of $125.48. The firm has a market capitalization 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 current ratio of 1.17, a quick ratio of 0.51 and a debt-to-equity ratio of 0.32. TJX Companies has a 12-month low of $111.22 and a 12-month high of $145.58.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.09. The firm had revenue of $14.40 billion during the quarter, compared to analyst estimates of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The business’s revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business earned $0.96 EPS. 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, equities research analysts forecast that TJX Companies will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

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

Insider Buying and Selling at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction dated Tuesday, June 3rd. The stock was 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 in the company, valued at $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.13% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of TJX Companies by 0.7% in the 2nd quarter. Vanguard Group Inc. now owns 101,141,056 shares of the apparel and home fashions retailer’s stock worth $12,489,909,000 after acquiring an additional 727,292 shares in the last quarter. State Street Corp raised its position in shares of TJX Companies by 0.6% in the 2nd quarter. State Street Corp now owns 48,595,536 shares of the apparel and home fashions retailer’s stock worth $6,001,063,000 after acquiring an additional 285,737 shares in the last quarter. Geode Capital Management LLC raised its position in shares of TJX Companies by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 26,070,916 shares of the apparel and home fashions retailer’s stock worth $3,205,927,000 after acquiring an additional 301,127 shares in the last quarter. Norges Bank bought a new position in shares of TJX Companies in the 2nd quarter worth $1,808,774,000. Finally, Northern Trust Corp raised its position in shares of TJX Companies by 15.2% in the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer’s stock worth $1,689,628,000 after acquiring an additional 1,845,225 shares in the last quarter. 91.09% of the stock is owned by 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.