TJX Companies (NYSE:TJX) Shares Break Below Fifty Day Moving Average – Here’s Why

The TJX Companies, Inc. (NYSE:TJX) shares passed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $135.81 and traded as low as $134.69. TJX Companies shares last traded at $135.2590, with a volume of 7,159,244 shares traded.

Analyst Ratings Changes

A number of analysts have commented on TJX shares. Barclays set a $188.00 price target on TJX Companies and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Erste Group Bank lowered shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, July 15th. Daiwa Securities Group cut their price objective on shares of TJX Companies from $168.00 to $155.00 in a research report on Tuesday, August 25th. Wells Fargo & Company decreased their price objective on shares of TJX Companies from $160.00 to $140.00 and set an “equal weight” rating for the company in a report on Thursday, August 20th. Finally, Guggenheim set a $152.00 price target on shares of TJX Companies and gave the company a “buy” rating in a report on Monday, August 31st. Twenty-one research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $174.95.

TJX Companies Trading Down 2.4%

The firm’s 50-day simple moving average is $135.81 and its 200-day simple moving average is $150.77. The firm has a market capitalization of $148.78 billion, a P/E ratio of 25.00, a price-to-earnings-growth ratio of 2.67 and a beta of 0.58. 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 (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%. The firm had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same quarter last year, the firm earned $1.10 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. 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. Analysts anticipate that The TJX Companies, Inc. will post 5.22 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 12th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.4%. The ex-dividend date is Thursday, November 12th. TJX Companies’s dividend payout ratio is presently 35.49%.

Institutional Trading of TJX Companies

Several hedge funds have recently added to or reduced their stakes in the company. HBW Advisory Services LLC raised its holdings in shares of TJX Companies by 5.1% during the second 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 period. Howard Financial Services LTD. grew its position in shares of 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 buying an additional 69 shares during the period. Millstone Evans Group LLC increased its stake in shares of TJX Companies by 26.0% in the first 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 in the last quarter. Clark Asset Management LLC lifted 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 worth $250,000 after acquiring an additional 71 shares during the period. Finally, Stronghold Wealth Management L.L.C. increased its position in TJX Companies by 3.8% in the first quarter. Stronghold Wealth Management L.L.C. now owns 1,973 shares of the apparel and home fashions retailer’s stock worth $315,000 after buying an additional 72 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Company Profile

The TJX Companies, Inc is an off-price retailer that sells apparel, footwear, accessories, home furnishings and other merchandise through stores and e-commerce sites. Its buying approach focuses on offering brand-name and designer goods at prices generally below those of traditional retailers.

The company operates retail chains including TJ Maxx, Marshalls, HomeGoods and Sierra in the United States; Winners, HomeSense and Marshalls in Canada; and TK Maxx and Homesense in Europe. Its stores carry a changing selection of products across categories such as clothing, home décor, furniture, beauty and outdoor gear.

TJX traces its history to the Zayre discount retail business and became The TJX Companies in 1987.