TJX Companies (NYSE:TJX) Stock Rating Upgraded by Argus

TJX Companies (NYSE:TJX) was upgraded by Argus to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on TJX. Barclays increased their target price on TJX Companies from $172.00 to $183.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. The Goldman Sachs Group lifted their price objective on TJX Companies from $163.00 to $170.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $162.00 target price (up from $159.00) on shares of TJX Companies in a report on Thursday, November 20th. Citigroup reissued a “buy” rating and set a $168.00 price target (up from $160.00) on shares of TJX Companies in a report on Thursday, November 20th. Finally, UBS Group restated a “buy” rating and issued a $193.00 price target (up from $181.00) on shares of TJX Companies in a research report on Thursday, January 8th. Three analysts have rated the stock with a Strong Buy rating and twenty-two have issued a Buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $167.55.

TJX Companies Trading Up 1.2%

Shares of TJX stock opened at $161.66 on Tuesday. The firm has a fifty day moving average of $155.16 and a 200-day moving average of $148.28. The stock has a market cap of $179.52 billion, a price-to-earnings ratio of 33.13, a P/E/G ratio of 3.68 and a beta of 0.73. TJX Companies has a 52-week low of $112.10 and a 52-week high of $162.68. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. The business had revenue of $17.74 billion for the quarter, compared to analysts’ expectations of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.23 earnings per share. 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 research analysts forecast that TJX Companies will post 4.18 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Ernie Herrman sold 30,000 shares of the stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the sale, the chief executive officer directly owned 479,316 shares of the company’s stock, valued at $77,145,910.20. This represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.13% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TJX. Norges Bank bought a new position in TJX Companies in the second quarter valued at about $1,808,774,000. Laurel Wealth Advisors LLC boosted its stake 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. Alliancebernstein L.P. grew its position in shares of TJX Companies by 91.6% during the 3rd quarter. Alliancebernstein L.P. now owns 6,712,226 shares of the apparel and home fashions retailer’s stock worth $970,185,000 after buying an additional 3,208,458 shares during the period. Corient Private Wealth LLC raised its stake in shares of TJX Companies by 120.7% during the second quarter. Corient Private Wealth LLC now owns 5,016,792 shares of the apparel and home fashions retailer’s stock worth $620,406,000 after buying an additional 2,743,676 shares during the last quarter. Finally, ABN AMRO Bank N.V. acquired a new position in TJX Companies in the second quarter valued at approximately $244,687,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Company Profile

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.