The Goldman Sachs Group Raises TJX Companies (NYSE:TJX) Price Target to $170.00

TJX Companies (NYSE:TJX) had its price objective boosted by research analysts at The Goldman Sachs Group from $163.00 to $170.00 in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The firm currently has a “buy” rating on the apparel and home fashions retailer’s stock. The Goldman Sachs Group’s target price would suggest a potential upside of 12.24% from the company’s current price.

A number of other equities research analysts have also commented on the company. Erste Group Bank assumed coverage on TJX Companies in a research report on Friday, September 5th. They issued a “buy” rating for the company. Evercore ISI increased their target price on shares of TJX Companies from $162.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday. Robert W. Baird raised their price target on shares of TJX Companies from $143.00 to $152.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Wells Fargo & Company set a $140.00 price objective on shares of TJX Companies and gave the stock an “equal weight” rating in a research report on Monday, October 27th. Finally, TD Cowen lifted their target price on shares of TJX Companies from $160.00 to $162.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, TJX Companies has an average rating of “Buy” and an average price target of $158.90.

TJX Companies Price Performance

Shares of NYSE TJX opened at $151.46 on Thursday. The stock has a market cap of $168.57 billion, a price-to-earnings ratio of 34.50, 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 has a fifty-two week low of $112.10 and a fifty-two week high of $152.58. The firm’s 50-day simple moving average is $143.04 and its 200 day simple moving average is $134.10.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 EPS for the quarter, topping the consensus estimate of $1.22 by $0.06. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The firm had revenue of $15.12 billion during the quarter, compared to the consensus estimate of $14.80 billion. During the same period in the prior year, the business posted $1.14 earnings per share. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. TJX Companies has set its Q4 2026 guidance at 1.330-1.360 EPS. FY 2026 guidance at 4.630-4.660 EPS. As a group, research analysts anticipate that TJX Companies will post 4.18 earnings per share for the current fiscal year.

Insider Activity

In other TJX Companies news, CEO Ernie Herrman sold 24,363 shares of the business’s stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $151.31, for a total value of $3,686,365.53. Following the transaction, the chief executive officer directly owned 510,780 shares in the company, valued at $77,286,121.80. The trade was a 4.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy B. Lane sold 500 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $151.40, for a total transaction of $75,700.00. Following the transaction, the director directly owned 22,212 shares of the company’s stock, valued at $3,362,896.80. This represents a 2.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 54,863 shares of company stock worth $8,226,366. Insiders own 0.13% of the company’s stock.

Institutional Trading of TJX Companies

Hedge funds have recently made changes to their positions in the company. FCG Investment Co acquired a new position in shares of TJX Companies during the first quarter worth $2,620,000. MinichMacGregor Wealth Management LLC purchased a new position in TJX Companies during the 2nd quarter worth $5,045,000. Empowered Funds LLC grew its stake in TJX Companies by 66.6% during the 2nd quarter. Empowered Funds LLC now owns 76,998 shares of the apparel and home fashions retailer’s stock worth $9,508,000 after buying an additional 30,779 shares during the last quarter. Infusive Asset Management Inc. increased its position in TJX Companies by 30.1% during the 1st quarter. Infusive Asset Management Inc. now owns 27,730 shares of the apparel and home fashions retailer’s stock valued at $3,378,000 after buying an additional 6,415 shares in the last quarter. Finally, First American Bank raised its stake in TJX Companies by 4.5% in the second quarter. First American Bank now owns 138,840 shares of the apparel and home fashions retailer’s stock valued at $17,145,000 after buying an additional 5,921 shares during the last quarter. 91.09% of the stock is currently owned by 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.