TJX Companies (NYSE:TJX) Sets New 52-Week High Following Analyst Upgrade

The TJX Companies, Inc. (NYSE:TJX) shares reached a new 52-week high on Monday after TD Cowen raised their price target on the stock from $160.00 to $162.00. TD Cowen currently has a buy rating on the stock. TJX Companies traded as high as $146.82 and last traded at $146.7690, with a volume of 1971826 shares. The stock had previously closed at $144.61.

Several other equities research analysts have also weighed in on the stock. Bank of America increased 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, August 21st. BTIG Research began coverage on TJX Companies in a report on Tuesday, October 14th. They set a “buy” rating and a $165.00 target price for the company. Barclays raised their price target on TJX Companies from $147.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Weiss Ratings restated a “buy (b+)” rating on shares of TJX Companies in a research report on Wednesday, October 8th. Finally, Macquarie restated a “buy” rating on shares of TJX Companies in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $150.50.

Institutional Trading of TJX Companies

Hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank acquired a new stake in shares of TJX Companies during the 2nd quarter valued at $1,808,774,000. Nuveen LLC acquired a new stake in TJX Companies during the first quarter valued at $1,330,717,000. Laurel Wealth Advisors LLC raised its stake in shares of TJX Companies by 12,417.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,057,273 shares of the apparel and home fashions retailer’s stock worth $501,033,000 after purchasing an additional 4,024,859 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of TJX Companies by 120.7% during 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 buying an additional 2,743,676 shares during the last quarter. Finally, ABN AMRO Bank N.V. acquired a new stake in shares of TJX Companies during the 2nd quarter valued at about $244,687,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Up 1.5%

The company has a 50 day moving average of $141.77 and a 200 day moving average of $132.98. The firm has a market cap of $163.28 billion, a P/E ratio of 33.42, a PEG ratio of 3.14 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. The firm had revenue of $14.40 billion during the quarter, compared to analysts’ expectations of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 earnings per share. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. Analysts predict that The TJX Companies, Inc. 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. Shareholders of record on Thursday, November 13th will be given 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%.

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.