TJX Companies (NYSE:TJX) Now Covered by Deutsche Bank Aktiengesellschaft

by · The Markets Daily

Research analysts at Deutsche Bank Aktiengesellschaft assumed coverage on shares of TJX Companies (NYSE:TJX – Get Free Report) in a research report issued to clients and investors on Thursday. The firm set a “buy” rating on the apparel and home fashions retailer’s stock.

Other research analysts have also issued reports about the stock. Sanford C. Bernstein reiterated an “outperform” rating and set a $170.00 price objective on shares of TJX Companies in a report on Tuesday. UBS Group reissued a “buy” rating and set a $193.00 price objective on shares of TJX Companies in a research note on Thursday. Robert W. Baird set a $168.00 price objective on TJX Companies in a report on Wednesday, December 17th. Bank of America boosted their price target on TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday, November 20th. Finally, Evercore ISI raised their price objective on TJX Companies from $162.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating and twenty-four have issued a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $162.85.

Check Out Our Latest Stock Report on TJX Companies

TJX Companies Trading Up 2.2%

TJX traded up $3.32 during trading on Thursday, hitting $157.36. The company’s stock had a trading volume of 796,871 shares, compared to its average volume of 4,149,971. TJX Companies has a twelve month low of $112.10 and a twelve month high of $157.82. The stock has a market cap of $174.74 billion, a PE ratio of 34.71, a PEG ratio of 3.46 and a beta of 0.75. The firm’s 50 day moving average price is $151.00 and its 200-day moving average price is $140.20. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.09 and a quick ratio of 0.43.

TJX Companies (NYSE:TJX – Get Free Report) last announced its quarterly earnings data on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.06. TJX Companies had a return on equity of 58.30% and a net margin of 8.68%.The business had revenue of $15.12 billion during the quarter, compared to the consensus estimate of $14.80 billion. During the same quarter in the previous year, the business earned $1.14 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. 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, analysts expect that TJX Companies will post 4.18 earnings per share for the current year.

Insider Transactions at TJX Companies

In other TJX Companies news, CEO Ernie Herrman sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $148.81, for a total transaction of $4,464,300.00. Following the completion of the sale, the chief executive officer owned 535,143 shares in the company, valued at $79,634,629.83. This trade represents a 5.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Amy B. Lane sold 500 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of $151.40, for a total value of $75,700.00. Following the completion of the transaction, the director directly owned 22,212 shares in the company, valued at approximately $3,362,896.80. The trade was a 2.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 54,863 shares of company stock valued at $8,226,366 in the last three months. 0.13% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TJX Companies

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of TJX Companies by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 101,961,786 shares of the apparel and home fashions retailer’s stock valued at $14,737,557,000 after buying an additional 820,730 shares during the period. State Street Corp boosted its stake in TJX Companies by 0.6% in the second quarter. State Street Corp now owns 48,595,536 shares of the apparel and home fashions retailer’s stock valued at $6,001,063,000 after acquiring an additional 285,737 shares during the period. Geode Capital Management LLC grew its holdings in shares of TJX Companies by 1.2% during the second quarter. Geode Capital Management LLC now owns 26,070,916 shares of the apparel and home fashions retailer’s stock valued at $3,205,927,000 after purchasing an additional 301,127 shares during the last quarter. Capital International Investors grew its holdings in shares of TJX Companies by 4.2% during the third quarter. Capital International Investors now owns 15,678,165 shares of the apparel and home fashions retailer’s stock valued at $2,266,066,000 after purchasing an additional 630,574 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of TJX Companies in the 2nd quarter worth approximately $1,808,774,000. 91.09% of the stock is currently owned by institutional investors.

About TJX Companies

(Get Free Report)

TJX Companies, Inc is a leading off-price retailer of apparel, footwear, home fashions and other consumer goods. The company operates multiple retail concepts that offer discounted brand-name and designer merchandise, including well-known banners such as T.J. Maxx and Marshalls in the United States, HomeGoods for home furnishings, TK Maxx in parts of Europe, and Winners and Homesense in Canada. Merchandise categories span women’s, men’s and children’s apparel, accessories, beauty, home décor, kitchenware and small furniture, with frequent changes in assortment that create a “treasure-hunt” shopping experience for consumers.

The company’s business model centers on opportunistic buying, purchasing excess, irregular or out-of-season inventory from manufacturers, department stores and other suppliers, and passing savings to customers through lower prices.

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