The TJX Companies, Inc. (NYSE:TJX) Stock Has Consensus Target Price of $171.63 According to Analysts

The TJX Companies, Inc. (NYSE:TJX) has been given an average rating of “Moderate Buy” by the twenty-four ratings firms that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and twenty-one have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $174.86.

Several equities research analysts have commented on the company. Evercore reiterated an “outperform” rating and set a $173.00 price objective (down from $175.00) on shares of TJX Companies in a research note on Thursday, August 20th. Wall Street Zen downgraded TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. The Goldman Sachs Group lowered their price target on TJX Companies from $194.00 to $178.00 and set a “buy” rating on the stock in a research note on Thursday, August 20th. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $182.00 to $154.00 in a research report on Thursday, August 20th. Finally, Gordon Haskett reissued an “accumulate” rating and issued a $155.00 price objective on shares of TJX Companies in a research note on Thursday, August 20th.

TJX Companies Stock Up 0.1%

TJX stock opened at $138.86 on Wednesday. The stock has a market capitalization of $152.75 billion, a P/E ratio of 25.67, a P/E/G ratio of 2.50 and a beta of 0.56. The firm has a 50-day simple moving average of $138.42 and a 200-day simple moving average of $150.69. 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 52 week low of $122.78 and a 52 week high of $170.00.

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

TJX Companies Dividend Announcement

The firm also recently announced 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 of this dividend is Thursday, November 12th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.4%. TJX Companies’s dividend payout ratio is presently 35.49%.

Hedge Funds Weigh In On TJX Companies

Several hedge funds and other institutional investors have recently modified their holdings of TJX. Coston McIsaac & Partners raised its stake in TJX Companies by 11.3% in the first quarter. Coston McIsaac & Partners now owns 628 shares of the apparel and home fashions retailer’s stock valued at $100,000 after buying an additional 64 shares in the last quarter. Kohmann Bosshard Financial Services LLC boosted its position in shares of TJX Companies by 11.0% during the 1st quarter. Kohmann Bosshard Financial Services LLC now owns 666 shares of the apparel and home fashions retailer’s stock worth $106,000 after acquiring an additional 66 shares in the last quarter. HBW Advisory Services LLC boosted its position in shares of TJX Companies by 5.1% during the 2nd quarter. HBW Advisory Services LLC now owns 1,357 shares of the apparel and home fashions retailer’s stock worth $206,000 after acquiring an additional 66 shares in the last quarter. Howard Financial Services LTD. increased its holdings in shares of TJX Companies by 3.5% in the 2nd quarter. Howard Financial Services LTD. now owns 2,029 shares of the apparel and home fashions retailer’s stock valued at $307,000 after acquiring an additional 69 shares during the last quarter. Finally, Millstone Evans Group LLC increased its holdings in shares of TJX Companies by 26.0% in the 1st quarter. Millstone Evans Group LLC now owns 344 shares of the apparel and home fashions retailer’s stock valued at $55,000 after acquiring an additional 71 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

More TJX Companies News

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

• Positive Sentiment: Weak consumer confidence, persistent inflation concerns and higher borrowing costs may encourage shoppers to move toward discount retailers. This could support TJX’s TJ Maxx and Marshalls banners as consumers seek lower prices. TJX Stock And Other US Retail Trade Down Winners To Watch
• Positive Sentiment: CNBC’s Investing Club said new data strengthened its confidence in a TJX recovery, reinforcing the view that the company could be a relative winner if consumers increasingly prioritize value. New data strengthens our faith in a TJX comeback
• Positive Sentiment: Analyst price targets remain materially above the current share price, with one report citing an average target of about $171.63. Evercore ISI trimmed its target modestly to $173 from $175, but the revised target still implies substantial potential upside. Evercore ISI Adjusts TJX Companies Price Target
• Neutral Sentiment: Analyst commentary on TJX and other consumer-cyclical stocks is mixed, indicating disagreement over whether value retail’s defensive characteristics will outweigh broader discretionary-spending risks. Analysts Offer Insights on Consumer Cyclical Companies
• Negative Sentiment: Reports that MarMaxx comparable sales increased only 1.0% and that TJ Maxx and Marshalls may be experiencing softer customer traffic raise concerns about slowing momentum and near-term sales growth. Softer traffic tests TJX Companies stock
• Negative Sentiment: Jim Cramer highlighted that TJX shares had fallen sharply since early August, while also saying he owns the stock but did not want to hype his position. The comments underscore weak recent performance without providing a new fundamental catalyst. Jim Cramer On TJX Companies

About TJX Companies

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.