Brokerages Set The TJX Companies, Inc. (NYSE:TJX) Price Target at $167.55

The TJX Companies, Inc. (NYSE:TJX) has been given an average recommendation of “Buy” by the twenty-five ratings firms that are currently covering the stock, MarketBeat reports. Twenty-two analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $167.55.

Several research firms have recently commented on TJX. UBS Group reiterated a “buy” rating on shares of TJX Companies in a research report on Wednesday, March 4th. Weiss Ratings lowered shares of TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 8th. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Argus upgraded shares of TJX Companies to a “strong-buy” rating in a research report on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. increased their price target on shares of TJX Companies from $154.00 to $173.00 and gave the company an “overweight” rating in a research report on Monday, February 23rd.

TJX Companies Stock Up 0.3%

TJX stock opened at $147.50 on Friday. The company’s 50 day simple moving average is $157.36 and its 200-day simple moving average is $154.19. The firm has a market capitalization of $163.10 billion, a PE ratio of 30.23, a P/E/G ratio of 3.38 and a beta of 0.64. TJX Companies has a 12 month low of $119.84 and a 12 month high of $165.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.14 and a quick ratio of 0.59.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, beating the consensus estimate of $1.38 by $0.05. The business had revenue of $17.74 billion for the quarter, compared to analyst estimates of $17.36 billion. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The company’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.23 earnings per share. TJX Companies has set its FY 2027 guidance at 4.930-5.020 EPS and its Q1 2027 guidance at 0.970-0.990 EPS. Equities analysts expect that TJX Companies will post 5.06 earnings per share for the current fiscal year.

TJX Companies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Thursday, May 14th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, May 14th. This is a positive change from TJX Companies’s previous quarterly dividend of $0.43. This represents a $1.92 annualized dividend and a dividend yield of 1.3%. TJX Companies’s payout ratio is currently 34.84%.

Insider Activity

In related news, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $160.95, for a total transaction of $4,828,500.00. Following the transaction, the chief executive officer owned 479,316 shares of the company’s stock, valued at approximately $77,145,910.20. This represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.13% of the company’s stock.

Hedge Funds Weigh In On TJX Companies

Institutional investors and hedge funds have recently modified their holdings of the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its stake in shares of TJX Companies by 120.3% during the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock valued at $25,000 after buying an additional 89 shares during the period. Dogwood Wealth Management LLC lifted its stake 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. Entrust Financial LLC purchased a new position in shares of TJX Companies during the fourth quarter valued at approximately $26,000. Wilkerson Advisory Group LLC purchased a new position in shares of TJX Companies during the fourth quarter valued at approximately $26,000. Finally, GGM Financials LLC purchased a new position in shares of TJX Companies during the third quarter valued at approximately $27,000. Hedge funds and other institutional investors own 91.09% of the company’s stock.

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.