Cantor Fitzgerald Begins Coverage on TJX Companies (NYSE:TJX)

Stock analysts at Cantor Fitzgerald began coverage on shares of TJX Companies (NYSE:TJX – Get Free Report) in a research note issued to investors on Tuesday, MarketBeat reports. The firm set a “neutral” rating and a $139.00 price target on the apparel and home fashions retailer’s stock. Cantor Fitzgerald‘s target price would indicate a potential upside of 0.71% from the company’s current price.

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Other equities research analysts also recently issued reports about the company. Wall Street Zen downgraded TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. UBS Group reiterated a “buy” rating and set a $198.00 target price (up from $197.00) on shares of TJX Companies in a research note on Thursday, August 20th. Wolfe Research assumed coverage on TJX Companies in a research note on Wednesday, October 21st. They set a “peer perform” rating for the company. Morgan Stanley set a $178.00 price target on shares of TJX Companies and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $175.00 price target on shares of TJX Companies in a research note on Tuesday, August 25th. Twenty-one analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $173.39.

Read Our Latest Research Report on TJX Companies

TJX Companies Stock Performance

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NYSE:TJX opened at $138.02 on Tuesday. The firm has a 50-day moving average of $135.87 and a two-hundred day moving average of $150.68. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56. The stock has a market cap of $151.82 billion, a P/E ratio of 28.27, a PEG ratio of 2.74 and a beta of 0.58. TJX Companies has a 1-year low of $122.78 and a 1-year high of $170.00.

TJX Companies (NYSE:TJX – Get Free Report) last announced its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) 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 business had revenue of $15.18 billion for the quarter, compared to analyst estimates of $15.16 billion. During the same period in the previous year, the company earned $1.10 earnings per share. The company’s revenue for the quarter 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, research analysts expect that TJX Companies will post 5.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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A number of large investors have recently bought and sold shares of the company. Danske Bank A S acquired a new position in TJX Companies during the 2nd quarter worth about $829,000. Sequoia Financial Advisors LLC increased its position in TJX Companies by 6.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 241,412 shares of the apparel and home fashions retailer’s stock valued at $36,574,000 after acquiring an additional 14,878 shares in the last quarter. Man Group plc acquired a new stake in TJX Companies in the 2nd quarter valued at about $217,422,000. Sigma Planning Corp raised its stake in shares of TJX Companies by 82.0% in the second quarter. Sigma Planning Corp now owns 20,903 shares of the apparel and home fashions retailer’s stock worth $3,167,000 after acquiring an additional 9,417 shares during the last quarter. Finally, Bank of America Corp DE bought a new position in shares of TJX Companies in the second quarter worth about $3,511,553,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Company Profile

(Get Free Report)

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.

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