TJX Companies (NYSE:TJX) Reaches New 12-Month High – Still a Buy?

The TJX Companies, Inc. (NYSE:TJX) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $158.24 and last traded at $157.7030, with a volume of 1472012 shares changing hands. The stock had previously closed at $154.04.

Analysts Set New Price Targets

Several brokerages have issued reports on TJX. Cowen reaffirmed a “buy” rating on shares of TJX Companies in a report on Thursday, November 20th. Bank of America raised their price target on TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a report on Thursday, November 20th. Morgan Stanley reiterated an “overweight” rating and issued a $162.00 price objective (up from $159.00) on shares of TJX Companies in a research report on Thursday, November 20th. The Goldman Sachs Group lifted their price target on shares of TJX Companies from $163.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, November 20th. Finally, Citigroup reissued a “buy” rating and issued a $168.00 price target (up from $160.00) on shares of TJX Companies in a research note on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the company. According to MarketBeat, TJX Companies currently has an average rating of “Buy” and an average target price of $163.86.

TJX Companies Stock Up 2.6%

The stock’s fifty day simple moving average is $151.00 and its 200-day simple moving average is $140.20. The stock has a market capitalization of $175.44 billion, a PE ratio of 34.88, a P/E/G ratio of 3.46 and a beta of 0.75. The company has a current ratio of 1.09, a quick ratio of 0.43 and a debt-to-equity ratio of 0.20.

TJX Companies (NYSE:TJX) last announced 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 net margin of 8.68% and a return on equity of 58.30%. The business had revenue of $15.12 billion for the quarter, compared to analyst estimates of $14.80 billion. During the same quarter in the previous year, the firm posted $1.14 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. 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, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

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

Insider Activity at TJX Companies

In related news, Director Amy B. Lane sold 500 shares of the business’s stock in a transaction dated 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 owned 22,212 shares in the company, valued at $3,362,896.80. The trade was a 2.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernie Herrman sold 24,363 shares of the firm’s stock in a transaction on 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 owned 510,780 shares of the company’s stock, valued at $77,286,121.80. The trade was a 4.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 54,863 shares of company stock valued at $8,226,366. Company insiders own 0.13% of the company’s stock.

Institutional Investors Weigh In On TJX Companies

Large investors have recently made changes to their positions in the company. Lavaca Capital LLC purchased a new stake in shares of TJX Companies in the second quarter worth $25,000. Dogwood Wealth Management LLC boosted its position in shares of TJX Companies by 102.2% during the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer’s stock valued at $26,000 after buying an additional 92 shares during the period. GGM Financials LLC purchased a new stake in TJX Companies in the 3rd quarter valued at about $27,000. Imprint Wealth LLC bought a new stake in shares of TJX Companies in the third quarter valued at about $27,000. Finally, Princeton Global Asset Management LLC purchased a new stake in shares of TJX Companies during the 2nd quarter worth $28,000. 91.09% of the stock is currently owned by institutional investors.

About TJX Companies

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.