TJX Companies (NYSE:TJX) Price Target Cut to $170.00 by Analysts at Bank of America

TJX Companies (NYSE:TJX) had its price target dropped by equities researchers at Bank of America from $175.00 to $170.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the apparel and home fashions retailer’s stock. Bank of America‘s price objective suggests a potential upside of 18.16% from the company’s previous close.

A number of other research analysts have also recently weighed in on the stock. Evercore restated an “outperform” rating and issued a $173.00 price objective (down from $175.00) on shares of TJX Companies in a report on Thursday, August 20th. Erste Group Bank lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Wolfe Research started coverage on shares of TJX Companies in a research report on Wednesday, October 21st. They issued a “peer perform” rating for the company. Wells Fargo & Company dropped their price target on shares of TJX Companies from $160.00 to $140.00 and set an “equal weight” rating for the company in a research note on Thursday, August 20th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $175.00 price target on shares of TJX Companies in a research note on Tuesday, August 25th. Twenty-one analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, TJX Companies currently has an average rating of “Moderate Buy” and an average target price of $174.95.

TJX Companies Price Performance

TJX opened at $143.87 on Tuesday. The stock’s 50-day moving average price is $136.42 and its 200 day moving average price is $151.58. TJX Companies has a 12-month low of $122.78 and a 12-month high of $170.00. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18. The firm has a market cap of $158.26 billion, a price-to-earnings ratio of 26.59, a PEG ratio of 2.62 and a beta of 0.56.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.03. The company had revenue of $15.18 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the company posted $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. As a group, sell-side analysts expect that TJX Companies will post 5.22 earnings per share for the current year.

Institutional Trading of TJX Companies

Hedge funds have recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC raised its position in TJX Companies by 11.0% in the 1st quarter. Kohmann Bosshard Financial Services LLC now owns 666 shares of the apparel and home fashions retailer’s stock valued at $106,000 after purchasing an additional 66 shares during the last quarter. HBW Advisory Services LLC grew its position in 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 purchasing an additional 66 shares during the last quarter. Howard Financial Services LTD. grew its position in TJX Companies by 3.5% during the 2nd quarter. Howard Financial Services LTD. now owns 2,029 shares of the apparel and home fashions retailer’s stock worth $307,000 after purchasing an additional 69 shares during the last quarter. Millstone Evans Group LLC grew its position in TJX Companies by 26.0% during the 1st quarter. Millstone Evans Group LLC now owns 344 shares of the apparel and home fashions retailer’s stock worth $55,000 after purchasing an additional 71 shares during the last quarter. Finally, Clark Asset Management LLC increased its stake in TJX Companies by 4.5% in the second quarter. Clark Asset Management LLC now owns 1,648 shares of the apparel and home fashions retailer’s stock valued at $250,000 after purchasing an additional 71 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

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.