TJX Companies (NYSE:TJX) Price Target Raised to $165.00 at Robert W. Baird

TJX Companies (NYSE:TJX) had its target price boosted by Robert W. Baird from $160.00 to $165.00 in a report issued on Thursday morning, Marketbeat Ratings reports. They currently have an outperform rating on the apparel and home fashions retailer’s stock.

Other research analysts have also issued research reports about the stock. Citigroup reaffirmed a “buy” rating and set a $168.00 target price (up previously from $160.00) on shares of TJX Companies in a research note on Thursday, November 20th. TD Cowen increased their price objective on shares of TJX Companies from $162.00 to $167.00 and gave the stock a “buy” rating in a research report on Thursday, November 20th. Erste Group Bank assumed coverage on shares of TJX Companies in a research report on Friday, September 5th. They set a “buy” rating for the company. Jefferies Financial Group reissued a “buy” rating and issued a $170.00 target price on shares of TJX Companies in a research report on Tuesday, November 11th. Finally, Barclays set a $172.00 price target on TJX Companies and gave the stock an “overweight” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, TJX Companies presently has a consensus rating of “Buy” and a consensus price target of $160.37.

TJX Companies Trading Up 0.1%

Shares of TJX Companies stock opened at $150.26 on Thursday. The stock has a 50 day moving average of $145.06 and a 200 day moving average of $135.40. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.09. The firm has a market capitalization of $166.86 billion, a price-to-earnings ratio of 33.17, a PEG ratio of 3.36 and a beta of 0.76. TJX Companies has a fifty-two week low of $112.10 and a fifty-two week high of $154.66.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 EPS for the quarter, beating the consensus estimate of $1.22 by $0.06. The business had revenue of $15.12 billion for the quarter, compared to analyst estimates of $14.80 billion. TJX Companies had a return on equity of 58.30% and a net margin of 8.68%.The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.14 EPS. TJX Companies has set its Q4 2026 guidance at 1.330-1.360 EPS and its FY 2026 guidance at 4.630-4.660 EPS. As a group, research analysts predict that TJX Companies will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Thursday, November 13th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.1%. TJX Companies’s dividend payout ratio is currently 37.53%.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $148.81, for a total value of $4,464,300.00. Following the completion of the transaction, the chief executive officer directly owned 535,143 shares in the company, valued at approximately $79,634,629.83. This trade represents a 5.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Amy B. Lane sold 500 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of $151.40, for a total value 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. The trade was a 2.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 54,863 shares of company stock valued at $8,226,366. 0.13% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in TJX Companies by 0.8% in the third quarter. Vanguard Group Inc. now owns 101,961,786 shares of the apparel and home fashions retailer’s stock valued at $14,737,557,000 after purchasing an additional 820,730 shares in the last quarter. State Street Corp lifted its position in shares of TJX Companies by 0.6% during 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 buying an additional 285,737 shares during the last quarter. Geode Capital Management LLC boosted its holdings 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 valued at $3,205,927,000 after buying an additional 301,127 shares in the last quarter. Capital International Investors grew its position in shares of TJX Companies by 4.2% in the 3rd quarter. Capital International Investors now owns 15,678,165 shares of the apparel and home fashions retailer’s stock valued at $2,266,066,000 after buying an additional 630,574 shares during the last quarter. Finally, Norges Bank acquired a new stake in TJX Companies during the 2nd quarter worth $1,808,774,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

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.