TJX Companies (NYSE:TJX) Earns Buy Rating from Analysts at BTIG Research

BTIG Research initiated coverage on shares of TJX Companies (NYSE:TJX) in a report published on Tuesday, MarketBeat reports. The firm issued a buy rating and a $165.00 target price on the apparel and home fashions retailer’s stock.

Several other research firms have also weighed in on TJX. Telsey Advisory Group reiterated an “outperform” rating and issued a $155.00 target price (up from $150.00) on shares of TJX Companies in a report on Wednesday, August 20th. Erste Group Bank initiated coverage on shares of TJX Companies in a report on Friday, September 5th. They issued a “buy” rating on the stock. Morgan Stanley boosted their target price on shares of TJX Companies from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Daiwa Capital Markets initiated coverage on shares of TJX Companies in a report on Tuesday, July 8th. They issued an “outperform” rating and a $133.00 target price on the stock. Finally, Sanford C. Bernstein boosted their target price on shares of TJX Companies from $145.00 to $152.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, TJX Companies has a consensus rating of “Buy” and a consensus price target of $148.50.

TJX Companies Stock Performance

TJX opened at $142.42 on Tuesday. The firm has a market capitalization of $158.50 billion, a PE ratio of 32.44, a PEG ratio of 3.22 and a beta of 0.92. TJX Companies has a twelve month low of $111.73 and a twelve month high of $146.46. The firm’s 50-day moving average price is $139.08 and its 200 day moving average price is $130.74. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.09. The company had revenue of $14.40 billion for 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%. TJX Companies’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the business posted $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, sell-side analysts expect that TJX Companies will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies’s dividend payout ratio is presently 38.72%.

Institutional Investors Weigh In On TJX Companies

Several large investors have recently added to or reduced their stakes in TJX. Norges Bank purchased a new stake in shares of TJX Companies in the 2nd quarter valued at approximately $1,808,774,000. Nuveen LLC purchased a new stake in shares of TJX Companies in the 1st quarter valued at approximately $1,330,717,000. Laurel Wealth Advisors LLC increased its position in shares of TJX Companies by 12,417.0% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,057,273 shares of the apparel and home fashions retailer’s stock valued at $501,033,000 after purchasing an additional 4,024,859 shares during the last quarter. Corient Private Wealth LLC increased its position in shares of TJX Companies by 120.7% in the 2nd quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock valued at $620,406,000 after purchasing an additional 2,743,676 shares during the last quarter. Finally, ABN AMRO Bank N.V. acquired a new position in shares of TJX Companies in the 2nd quarter valued at $244,687,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

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.