Erste Group Bank Weighs in on TJX Companies FY2027 Earnings

The TJX Companies, Inc. (NYSE:TJX) – Stock analysts at Erste Group Bank dropped their FY2027 earnings estimates for shares of TJX Companies in a note issued to investors on Thursday, October 8th. Erste Group Bank analyst H. Engel now anticipates that the apparel and home fashions retailer will post earnings of $5.24 per share for the year, down from their prior forecast of $5.25. Erste Group Bank currently has a “Hold” rating on the stock. The consensus estimate for TJX Companies’ current full-year earnings is $5.22 per share. Erste Group Bank also issued estimates for TJX Companies’ FY2028 earnings at $5.77 EPS.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating the consensus estimate of $1.19 by $0.03. The business had revenue of $15.18 billion during the quarter, compared to analyst estimates of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The business’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.10 earnings per share. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS.

A number of other equities research analysts have also issued reports on TJX. Morgan Stanley set a $178.00 target price on TJX Companies and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Evercore reiterated an “outperform” rating and issued a $173.00 price target (down from $175.00) on shares of TJX Companies in a research report on Thursday, August 20th. BTIG Research reissued a “buy” rating and issued a $190.00 price target on shares of TJX Companies in a research note on Thursday, August 20th. Barclays set a $188.00 price target on TJX Companies and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Finally, JPMorgan Chase & Co. boosted their price objective on TJX Companies from $168.00 to $171.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Twenty-one equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $174.86.

TJX Companies Stock Performance

TJX opened at $141.58 on Wednesday. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. The firm has a market cap of $155.73 billion, a PE ratio of 27.72, a P/E/G ratio of 2.56 and a beta of 0.56. The business has a fifty day simple moving average of $137.80 and a 200-day simple moving average of $150.41. TJX Companies has a fifty-two week low of $122.78 and a fifty-two week high of $170.00.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 12th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, November 12th. TJX Companies’s payout ratio is 35.49%.

Institutional Trading of TJX Companies

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of TJX Companies during the second quarter valued at $16,489,926,000. State Street Corp lifted its stake in TJX Companies by 2.9% in the 2nd quarter. State Street Corp now owns 49,709,223 shares of the apparel and home fashions retailer’s stock worth $7,530,947,000 after acquiring an additional 1,388,026 shares in the last quarter. Bank of America Corp DE purchased a new stake in TJX Companies in the 2nd quarter worth about $3,511,553,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in TJX Companies by 7.6% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,560,007 shares of the apparel and home fashions retailer’s stock worth $1,902,841,000 after acquiring an additional 883,294 shares during the period. Finally, Bank of New York Mellon Corp acquired a new stake in TJX Companies during the 2nd quarter worth about $1,598,731,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Company Profile

The TJX Companies, Inc is an off-price retailer that sells apparel, footwear, accessories, home furnishings and other merchandise at prices generally below those of traditional department and specialty stores. Its inventory typically includes branded, designer and name-brand products purchased through opportunistic buying, including order cancellations, excess production and closeout merchandise. Product selection and pricing can vary by store and change frequently.

The company operates a portfolio of retail chains in the United States, Canada, Europe and Australia.