TJX Companies (NYSE:TJX) Stock Gets Price Target Cut from Bank of America

TJX Companies (NYSE:TJX) had its price objective lowered by Bank of America from $175.00 to $170.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the apparel and home fashions retailer’s stock.

Other equities analysts have also recently issued reports about the stock. Guggenheim set a $152.00 price target on shares of TJX Companies and gave the company a “buy” rating in a research report on Monday, August 31st. UBS Group reiterated a “buy” rating and set a $198.00 price target (up from $197.00) on shares of TJX Companies in a report on Thursday, August 20th. Wolfe Research initiated coverage on shares of TJX Companies in a research note on Wednesday, October 21st. They issued a “peer perform” rating on the stock. Weiss Ratings restated a “buy (b)” rating on shares of TJX Companies in a report on Monday, October 19th. Finally, Morgan Stanley set a $178.00 price objective on TJX Companies and gave the company an “overweight” rating in a report on Thursday, August 20th. Twenty-one research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $174.95.

TJX Companies Trading Up 2.3%

TJX opened at $141.60 on Tuesday. The stock has a market capitalization of $155.76 billion, a price-to-earnings ratio of 27.03, a P/E/G ratio of 2.62 and a beta of 0.56. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. TJX Companies has a twelve month low of $122.78 and a twelve month high of $170.00. The company has a 50-day simple moving average of $135.71 and a 200 day simple moving average of $151.28.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. The company had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%. TJX Companies’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.10 EPS. 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. Analysts predict that TJX Companies will post 5.22 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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

Hedge Funds Weigh In On TJX Companies

A number of large investors have recently modified their holdings of TJX. Danske Bank A S bought a new position in TJX Companies in the 2nd quarter valued at $829,000. Man Group plc purchased a new stake in shares of TJX Companies during the 2nd quarter valued at $217,422,000. Sigma Planning Corp raised its stake in shares of TJX Companies by 82.0% during the 2nd quarter. Sigma Planning Corp now owns 20,903 shares of the apparel and home fashions retailer’s stock worth $3,167,000 after purchasing an additional 9,417 shares during the period. Bank of America Corp DE bought a new stake in shares of TJX Companies during the 2nd quarter worth $3,511,553,000. Finally, Sequoia Financial Advisors LLC raised its stake in shares of TJX Companies by 6.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 241,412 shares of the apparel and home fashions retailer’s stock worth $36,574,000 after purchasing an additional 14,878 shares during the period. 91.09% of the stock is currently owned by institutional investors.

About TJX Companies

The TJX Companies, Inc (NYSE: TJX) is an off-price retailer specializing in apparel, footwear, accessories, and home merchandise. Its stores offer branded and designer products at prices generally below those of full-price retailers, using a flexible purchasing model that allows the company to acquire merchandise from manufacturers, retailers, and other suppliers.

The company operates a portfolio of retail banners, including T.J. Maxx, Marshalls, HomeGoods, Sierra, and Homesense in the United States; Winners, HomeSense, and Marshalls in Canada; and TK Maxx and Homesense in Europe and Australia.