TJX Companies (NYSE:TJX) Given New $175.00 Price Target at Telsey Advisory Group

TJX Companies (NYSE:TJXFree Report) had its target price lifted by Telsey Advisory Group from $170.00 to $175.00 in a research note released on Thursday, MarketBeat.com reports. The brokerage currently has an outperform rating on the apparel and home fashions retailer’s stock.

A number of other equities analysts have also recently weighed in on the stock. Robert W. Baird set a $168.00 price objective on shares of TJX Companies in a research report on Wednesday, December 17th. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Sunday, January 11th. Weiss Ratings reissued a “buy (b+)” rating on shares of TJX Companies in a report on Wednesday, January 21st. Morgan Stanley restated an “overweight” rating and set a $162.00 price objective (up from $159.00) on shares of TJX Companies in a report on Thursday, November 20th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $170.00 target price on shares of TJX Companies in a research note on Tuesday, January 6th. Two research analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $167.55.

View Our Latest Report on TJX Companies

TJX Companies Price Performance

Shares of NYSE TJX opened at $158.61 on Thursday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.43. TJX Companies has a 1-year low of $112.10 and a 1-year high of $162.68. The company has a market capitalization of $176.13 billion, a price-to-earnings ratio of 32.50, a PEG ratio of 2.97 and a beta of 0.74. The business has a 50-day moving average of $154.78 and a 200-day moving average of $147.41.

TJX Companies (NYSE:TJXGet Free Report) last released its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, topping the consensus estimate of $1.38 by $0.05. The firm had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. TJX Companies had a return on equity of 57.70% and a net margin of 9.10%.TJX Companies’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.23 EPS. TJX Companies has set its FY 2027 guidance at 4.930-5.020 EPS and its Q1 2027 guidance at 0.970-0.990 EPS. On average, equities analysts anticipate that TJX Companies will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Thursday, February 12th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, February 12th. TJX Companies’s payout ratio is presently 37.53%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its position in TJX Companies by 113.7% in the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock valued at $1,817,000 after acquiring an additional 8,002 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of TJX Companies by 12.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock worth $262,000 after purchasing an additional 235 shares in the last quarter. Bison Wealth LLC increased its holdings in shares of TJX Companies by 32.9% during the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock valued at $466,000 after purchasing an additional 955 shares during the period. United Bank raised its stake in shares of TJX Companies by 7.6% during the second quarter. United Bank now owns 16,298 shares of the apparel and home fashions retailer’s stock valued at $2,013,000 after purchasing an additional 1,155 shares in the last quarter. Finally, Schnieders Capital Management LLC. bought a new position in TJX Companies in the 2nd quarter valued at about $244,000. 91.09% of the stock is currently owned by institutional investors.

Key TJX Companies News

Here are the key news stories impacting TJX Companies this week:

TJX Companies Company Profile

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TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.

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