TJX Companies (NYSE:TJX) Stock Gets Price Target Reduction from UBS Group

TJX Companies (NYSE:TJX) had its price target reduced by UBS Group from $198.00 to $184.00 in a research report released on Tuesday,Benzinga reports. They currently have a buy rating on the apparel and home fashions retailer’s stock.

A number of other equities research analysts also recently commented on TJX. Bank of America reduced their target price on TJX Companies from $175.00 to $170.00 and set a “buy” rating for the company in a report on Tuesday, October 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TJX Companies in a research note on Monday, October 19th. Erste Group Bank cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. Wolfe Research started coverage on shares of TJX Companies in a report on Wednesday, October 21st. They issued a “peer perform” rating for the company. Finally, Citigroup cut shares of TJX Companies from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $182.00 to $154.00 in a research note on Thursday, August 20th. Twenty-one equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and an average price target of $172.78.

TJX Companies Stock Performance

Shares of TJX stock opened at $135.95 on Tuesday. The company has a market cap of $149.54 billion, a price-to-earnings ratio of 26.65, a price-to-earnings-growth ratio of 2.58 and a beta of 0.58. The stock has a 50 day simple moving average of $136.08 and a 200-day simple moving average of $150.45. 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.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating the consensus estimate of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%. The business had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same period last year, the firm earned $1.10 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. 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. On average, equities analysts forecast that TJX Companies will post 5.22 EPS for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 12th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, November 12th. TJX Companies’s dividend payout ratio (DPR) is presently 35.49%.

Hedge Funds Weigh In On TJX Companies

Several hedge funds and other institutional investors have recently bought and sold shares of TJX. HBW Advisory Services LLC raised its stake in shares of 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 buying an additional 66 shares during the last quarter. Howard Financial Services LTD. grew its stake in TJX Companies by 3.5% in the 2nd quarter. Howard Financial Services LTD. now owns 2,029 shares of the apparel and home fashions retailer’s stock valued at $307,000 after acquiring an additional 69 shares during the last quarter. Clark Asset Management LLC grew its stake in TJX Companies by 4.5% in the 2nd quarter. Clark Asset Management LLC now owns 1,648 shares of the apparel and home fashions retailer’s stock valued at $250,000 after acquiring an additional 71 shares during the last quarter. Avantax Planning Partners Inc. grew its stake in TJX Companies by 0.4% in the 1st quarter. Avantax Planning Partners Inc. now owns 20,054 shares of the apparel and home fashions retailer’s stock valued at $3,203,000 after acquiring an additional 72 shares during the last quarter. Finally, Financial Management Professionals Inc. increased its holdings in TJX Companies by 1.1% during the 2nd quarter. Financial Management Professionals Inc. now owns 6,542 shares of the apparel and home fashions retailer’s stock valued at $991,000 after acquiring an additional 73 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

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.