Brokerages Set The TJX Companies, Inc. (NYSE:TJX) Price Target at $171.63

The TJX Companies, Inc. (NYSE:TJX) has been assigned an average rating of “Moderate Buy” from the twenty-two research firms that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $171.6316.

Several brokerages have issued reports on TJX. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $175.00 target price on shares of TJX Companies in a research note on Tuesday, August 25th. Robert W. Baird lifted their price target on shares of TJX Companies from $172.00 to $175.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Morgan Stanley set a $178.00 price objective on shares of TJX Companies and gave the stock an “overweight” rating in a report on Thursday, August 20th. Truist Financial set a $190.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 21st. Finally, BTIG Research reiterated a “buy” rating and issued a $190.00 target price on shares of TJX Companies in a research report on Thursday, August 20th.

TJX Companies Trading Down 0.1%

NYSE TJX opened at $125.88 on Friday. 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 stock’s 50-day simple moving average is $147.06 and its two-hundred day simple moving average is $154.08. TJX Companies has a twelve month low of $124.87 and a twelve month high of $170.00. The company has a market capitalization of $138.46 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 2.27 and a beta of 0.60.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. The firm 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%.The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business 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. Research analysts forecast that TJX Companies will post 5.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Danske Bank A S bought a new position in shares of TJX Companies in the second quarter valued at approximately $829,000. J.Safra Asset Management Corp lifted its stake in TJX Companies by 78.3% during the 4th quarter. J.Safra Asset Management Corp now owns 6,805 shares of the apparel and home fashions retailer’s stock valued at $1,045,000 after acquiring an additional 2,989 shares in the last quarter. Bluedoor Private Wealth LLC purchased a new position in TJX Companies during the 4th quarter worth $2,559,000. Man Group plc bought a new stake in shares of TJX Companies in the 2nd quarter worth $217,422,000. Finally, Sigma Planning Corp lifted its position in shares of TJX Companies by 82.0% during the second quarter. Sigma Planning Corp now owns 20,903 shares of the apparel and home fashions retailer’s stock valued at $3,167,000 after purchasing an additional 9,417 shares in the last quarter. 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 specializing in apparel and home fashions. The company sells brand-name, designer and other merchandise at prices generally below those of full-price retailers. Its product assortment includes women’s, men’s and children’s clothing, footwear, accessories, beauty products, home furnishings, decor and other household goods.

TJX operates through 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.