Wall Street Zen Upgrades TJX Companies (NYSE:TJX) to Buy

TJX Companies (NYSE:TJX) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

TJX has been the subject of a number of other research reports. Telsey Advisory Group increased their target price on shares of TJX Companies from $175.00 to $185.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Citigroup reissued a “buy” rating and issued a $182.00 price target (up from $168.00) on shares of TJX Companies in a research report on Thursday, May 21st. Barclays restated an “overweight” rating and set a $190.00 price target (up from $183.00) on shares of TJX Companies in a research note on Thursday, May 21st. Evercore reaffirmed an “outperform” rating and issued a $175.00 price objective on shares of TJX Companies in a report on Thursday, May 21st. Finally, Robert W. Baird lifted their price objective on shares of TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, TJX Companies presently has an average rating of “Buy” and a consensus target price of $176.89.

TJX Companies Stock Performance

Shares of TJX opened at $154.51 on Friday. TJX Companies has a 1 year low of $122.00 and a 1 year high of $170.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.54. The stock’s fifty day moving average price is $156.54 and its two-hundred day moving average price is $156.53. The firm has a market cap of $170.69 billion, a PE ratio of 30.00, a PEG ratio of 3.35 and a beta of 0.63.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, May 20th. The apparel and home fashions retailer reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.17. TJX Companies had a return on equity of 57.92% and a net margin of 9.40%.The company had revenue of $14.32 billion during the quarter, compared to the consensus estimate of $14.02 billion. During the same quarter in the prior year, the company earned $0.92 EPS. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year. TJX Companies has set its FY 2027 guidance at 5.080-5.150 EPS and its Q2 2027 guidance at 1.150-1.170 EPS. On average, equities research analysts forecast that TJX Companies will post 5.17 EPS for the current year.

Insider Activity

In related news, CEO Ernie Herrman sold 29,549 shares of the company’s stock in a transaction that occurred on Wednesday, June 3rd. The shares were sold at an average price of $157.46, for a total transaction of $4,652,785.54. Following the sale, the chief executive officer owned 552,850 shares of the company’s stock, valued at approximately $87,051,761. This represents a 5.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO John Klinger sold 6,235 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $160.77, for a total transaction of $1,002,400.95. Following the completion of the sale, the chief financial officer owned 64,257 shares in the company, valued at $10,330,597.89. This represents a 8.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 130,367 shares of company stock valued at $20,959,476 over the last ninety days. 0.15% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Cary Street Partners Financial LLC increased its holdings in shares of TJX Companies by 15.8% in the second quarter. Cary Street Partners Financial LLC now owns 29,837 shares of the apparel and home fashions retailer’s stock worth $4,520,000 after purchasing an additional 4,073 shares during the period. Central Bank & Trust Co. boosted its stake in TJX Companies by 1.0% during the second quarter. Central Bank & Trust Co. now owns 18,669 shares of the apparel and home fashions retailer’s stock valued at $2,828,000 after buying an additional 185 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC boosted its stake in TJX Companies by 12.0% during the second quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 31,244 shares of the apparel and home fashions retailer’s stock valued at $4,734,000 after buying an additional 3,346 shares during the period. Merit Financial Group LLC grew its position in TJX Companies by 4.3% during the second quarter. Merit Financial Group LLC now owns 92,251 shares of the apparel and home fashions retailer’s stock worth $13,976,000 after buying an additional 3,845 shares in the last quarter. Finally, Vaquero Private Wealth Ltd. purchased a new position in TJX Companies during the second quarter worth about $204,000. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about TJX Companies

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

• Positive Sentiment: TJX is being cited as one of the retail stocks positioned to benefit from stronger June retail sales and surging online spending, reinforcing the view that off-price retail demand remains resilient. 5 Solid Stocks to Boost Your Portfolio as Retail Sales Continue to Surge
• Positive Sentiment: A recent market note says TJX has risen on earnings optimism, with investors focusing on whether the company can deliver another strong quarter and justify its premium valuation. Can TJX Companies (TJX) Justify Its Valuation After Rising On Earnings Optimism?
• Positive Sentiment: TJX was also highlighted in “great rotation” commentary as a stock that could benefit if investors continue moving away from megacap tech and into consumer and value-oriented names. The Great Rotation: 5 Stocks Set to Win as Money Leaves Megacap Tech
• Neutral Sentiment: Recent commentary also notes that TJX has been mixed over the past month, despite strong longer-term returns, suggesting investors are weighing growth durability against the stock’s already rich run. Can TJX Companies (TJX) Justify Its Valuation After Rising On Earnings Optimism?
• Negative Sentiment: Valuation remains a concern, with analysts questioning how much upside is left after the stock’s strong performance, which could limit near-term gains. Can TJX Companies (TJX) Justify Its Valuation After Rising On Earnings Optimism?
• Negative Sentiment: Erste Group Bank reportedly downgraded TJX to Hold, adding a note of caution around the stock’s near-term risk/reward. TJX Companies (NYSE:TJX) Downgraded by Erste Group Bank to “Hold”

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.