TJX Companies (TJX) – Research Analysts’ Recent Ratings Changes

Posted by Tyrone Williams on Dec 16th, 2024

A number of research firms have changed their ratings and price targets for TJX Companies (NYSE: TJX):

12/6/2024 – TJX Companies had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $134.00 price target on the stock.
12/5/2024 – TJX Companies had its price target raised by analysts at Robert W. Baird from $133.00 to $138.00. They now have an “outperform” rating on the stock.
12/5/2024 – TJX Companies had its price target raised by analysts at Jefferies Financial Group Inc. from $140.00 to $145.00. They now have a “buy” rating on the stock.
12/5/2024 – TJX Companies had its price target raised by analysts at Guggenheim from $135.00 to $140.00. They now have a “buy” rating on the stock.
11/30/2024 – TJX Companies was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
11/22/2024 – TJX Companies was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
11/22/2024 – TJX Companies had its price target raised by analysts at TD Cowen from $130.00 to $132.00. They now have a “buy” rating on the stock.
11/21/2024 – TJX Companies had its price target raised by analysts at Evercore ISI from $138.00 to $142.00. They now have an “outperform” rating on the stock.
11/21/2024 – TJX Companies had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $130.00 to $131.00. They now have a “buy” rating on the stock.
11/20/2024 – TJX Companies had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $134.00 price target on the stock.
11/15/2024 – TJX Companies had its price target raised by analysts at TD Cowen from $125.00 to $130.00. They now have a “buy” rating on the stock.
11/13/2024 – TJX Companies had its “outperform” rating reaffirmed by analysts at Telsey Advisory Group. They now have a $134.00 price target on the stock.

TJX Companies Stock Performance

Shares of TJX stock opened at $124.85 on Monday. The company has a market cap of $140.35 billion, a price-to-earnings ratio of 29.38, a price-to-earnings-growth ratio of 3.07 and a beta of 0.90. The TJX Companies, Inc. has a 52 week low of $88.58 and a 52 week high of $128.00. The company has a quick ratio of 0.50, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $119.11 and a 200-day moving average of $115.27.

TJX Companies (NYSE:TJX – Get Free Report) last announced its quarterly earnings data on Wednesday, November 20th. The apparel and home fashions retailer reported $1.14 EPS for the quarter, topping the consensus estimate of $1.09 by $0.05. TJX Companies had a net margin of 8.63% and a return on equity of 61.82%. The company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $13.95 billion. During the same quarter last year, the firm posted $1.03 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 6th. Investors of record on Thursday, February 13th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 1.20%. The ex-dividend date is Thursday, February 13th. TJX Companies’s payout ratio is currently 35.29%.

Hedge Funds Weigh In On TJX Companies

Hedge funds have recently bought and sold shares of the company. Richard W. Paul & Associates LLC bought a new stake in shares of TJX Companies during the 2nd quarter worth $25,000. Capital Performance Advisors LLP bought a new stake in shares of TJX Companies during the 3rd quarter worth $29,000. Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies during the 3rd quarter worth $30,000. Truvestments Capital LLC bought a new stake in shares of TJX Companies during the 3rd quarter worth $29,000. Finally, Copeland Capital Management LLC bought a new stake in shares of TJX Companies during the 3rd quarter worth $30,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.