TJX Companies (NYSE:TJX) Earns Outperform Rating from Telsey Advisory Group

Telsey Advisory Group reiterated an 'outperform' rating for TJX Companies (NYSE:TJX) with a $170.00 price target, suggesting a 13.28% potential upside. Other analysts also gave positive ratings, with price targets ranging from $162.00 to $168.00. TJX reported strong quarterly earnings, beating estimates with $1.28 EPS and $15.12 billion in revenue. Insider trading included sales by Director Amy B. Lane and CEO Ernie Herrman. Hedge funds have adjusted their positions in the stock.

TJX Companies (NYSE:TJX - Get Free Report)'s stock had its "outperform" rating reiterated by research analysts at Telsey Advisory Group in a research report issued on Thursday,Benzinga reports. They currently have a $170.00 price target on the apparel and home fashions retailer's stock. Telsey Advisory Group's price target suggests a potential upside of 13.28% from the company's previous close.

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TJX has been the topic of a number of other reports. Cowen restated a "buy" rating on shares of TJX Companies in a research note on Thursday, November 20th. Evercore ISI increased their price objective on shares of TJX Companies from $162.00 to $165.00 and gave the company an "outperform" rating in a research report on Thursday, November 20th. Citigroup reaffirmed a "buy" rating and set a $168.00 price objective (up from $160.00) on shares of TJX Companies in a research report on Thursday, November 20th. Morgan Stanley reissued an "overweight" rating and issued a $162.00 target price (up previously from $159.00) on shares of TJX Companies in a report on Thursday, November 20th. Finally, Weiss Ratings reaffirmed a "buy (b+)" rating on shares of TJX Companies in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $158.90.

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TJX Companies Stock Up 0.0%

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TJX opened at $150.07 on Thursday. TJX Companies has a fifty-two week low of $112.10 and a fifty-two week high of $154.66. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.09. The stock has a market capitalization of $167.01 billion, a price-to-earnings ratio of 33.13, a PEG ratio of 3.38 and a beta of 0.76. The company has a fifty day moving average of $144.88 and a two-hundred day moving average of $135.30.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 EPS for the quarter, beating the consensus estimate of $1.22 by $0.06. The firm had revenue of $15.12 billion during the quarter, compared to the consensus estimate of $14.80 billion. TJX Companies had a return on equity of 58.30% and a net margin of 8.68%.The firm's revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.14 EPS. TJX Companies has set its Q4 2026 guidance at 1.330-1.360 EPS and its FY 2026 guidance at 4.630-4.660 EPS. On average, research analysts expect that TJX Companies will post 4.18 earnings per share for the current year.

Insider Buying and Selling at TJX Companies

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In other news, Director Amy B. Lane sold 500 shares of the business's stock in a transaction that occurred on Friday, November 21st. The stock was sold at an average price of $151.40, for a total transaction of $75,700.00. Following the sale, the director owned 22,212 shares of the company's stock, valued at $3,362,896.80. The trade was a 2.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ernie Herrman sold 24,363 shares of the business's stock in a transaction dated Friday, November 21st. The stock was sold at an average price of $151.31, for a total transaction of $3,686,365.53. Following the completion of the sale, the chief executive officer owned 510,780 shares in the company, valued at $77,286,121.80. This represents a 4.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 54,863 shares of company stock worth $8,226,366 over the last 90 days. Insiders own 0.13% of the company's stock.

Hedge Funds Weigh In On TJX Companies

A number of hedge funds have recently made changes to their positions in the stock. Lavaca Capital LLC acquired a new stake in shares of TJX Companies in the second quarter worth $25,000. Dogwood Wealth Management LLC raised its stake in TJX Companies by 102.2% during the third quarter. Dogwood Wealth Management LLC now owns 182 shares of the apparel and home fashions retailer's stock valued at $26,000 after buying an additional 92 shares in the last quarter. GGM Financials LLC bought a new stake in shares of TJX Companies during the 3rd quarter valued at about $27,000. Imprint Wealth LLC bought a new position in TJX Companies in the third quarter worth about $27,000. Finally, Princeton Global Asset Management LLC bought a new position in TJX Companies in the 2nd quarter worth about $28,000. Institutional investors and hedge funds own 91.09% of the company's stock.

About TJX Companies

(Get Free Report)

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.

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