TJX Companies (NYSE:TJX) Coverage Initiated by Analysts at Truist Financial

Equities research analysts at Truist Financial assumed coverage on shares of TJX Companies (NYSE:TJX) in a note issued to investors on Monday,Benzinga reports. The brokerage set a “buy” rating and a $175.00 price target on the apparel and home fashions retailer’s stock. Truist Financial’s price objective points to a potential upside of 18.72% from the company’s previous close.

A number of other research analysts also recently issued reports on TJX. Weiss Ratings downgraded shares of TJX Companies from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. raised their price target on shares of TJX Companies from $154.00 to $173.00 and gave the stock an “overweight” rating in a research report on Monday, February 23rd. UBS Group reissued a “buy” rating on shares of TJX Companies in a report on Wednesday, March 4th. Barclays raised their price target on TJX Companies from $172.00 to $183.00 and gave the stock an “overweight” rating in a report on Thursday, February 26th. Finally, Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Three research analysts have rated the stock with a Strong Buy rating and twenty-three have issued a Buy rating to the stock. According to data from MarketBeat, TJX Companies has a consensus rating of “Buy” and a consensus price target of $167.90.

TJX Companies Trading Down 0.0%

Shares of TJX opened at $147.40 on Monday. TJX Companies has a one year low of $119.84 and a one year high of $165.82. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.14. The company has a market capitalization of $163.00 billion, a P/E ratio of 30.21, a P/E/G ratio of 3.39 and a beta of 0.64. The stock has a 50-day moving average price of $157.08 and a 200 day moving average price of $154.21.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, February 25th. The apparel and home fashions retailer reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. TJX Companies had a net margin of 9.10% and a return on equity of 57.70%. The firm had revenue of $17.74 billion for the quarter, compared to the consensus estimate of $17.36 billion. During the same period in the prior year, the firm posted $1.23 EPS. The firm’s revenue was up 8.5% compared to the same quarter last year. 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. Sell-side analysts forecast that TJX Companies will post 5.06 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Ernie Herrman sold 30,000 shares of TJX Companies stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $160.95, for a total value of $4,828,500.00. Following the sale, the chief executive officer directly owned 479,316 shares in the company, valued at $77,145,910.20. This trade represents a 5.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its position in shares of TJX Companies by 10.6% during the 1st quarter. The Manufacturers Life Insurance Company now owns 928,957 shares of the apparel and home fashions retailer’s stock worth $148,350,000 after buying an additional 89,256 shares in the last quarter. KCM Investment Advisors LLC raised its position in shares of TJX Companies by 24.6% during the 1st quarter. KCM Investment Advisors LLC now owns 12,291 shares of the apparel and home fashions retailer’s stock worth $1,963,000 after buying an additional 2,423 shares in the last quarter. IMG Wealth Management Inc. raised its position in shares of TJX Companies by 52.3% during the 1st quarter. IMG Wealth Management Inc. now owns 265 shares of the apparel and home fashions retailer’s stock worth $42,000 after buying an additional 91 shares in the last quarter. Maverick Capital Ltd. bought a new stake in shares of TJX Companies during the 1st quarter worth about $670,000. Finally, Excelsior Advisor Network LLC bought a new stake in shares of TJX Companies during the 1st quarter worth about $202,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

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.