TJX Companies (TJX) Stock Forecast, Price & News

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TJX Companies in the last twelve months. There are currently 2 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TJX shares.
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15 Wall Street analysts have issued twelve-month price targets for TJX Companies' shares. Their TJX share price forecasts range from $65.00 to $95.00. On average, they predict the company's share price to reach $86.33 in the next year. This suggests a possible upside of 9.6% from the stock's current price.
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TJX Companies' stock was trading at $79.60 on January 1st, 2023. Since then, TJX stock has decreased by 1.0% and is now trading at $78.80.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 16th 2023.
View our TJX earnings forecast.

The TJX Companies, Inc. (NYSE:TJX) announced its quarterly earnings data on Wednesday, May, 17th. The apparel and home fashions retailer reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.05. The apparel and home fashions retailer earned $11.78 billion during the quarter, compared to analyst estimates of $11.82 billion. TJX Companies had a net margin of 7.00% and a trailing twelve-month return on equity of 63.68%. The firm's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.68 EPS.

TJX Companies announced a quarterly dividend on Tuesday, March 28th. Shareholders of record on Thursday, May 11th will be given a dividend of $0.3325 per share on Thursday, June 1st. This represents a $1.33 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date of this dividend is Wednesday, May 10th. This is an increase from the stock's previous quarterly dividend of $0.30.
Read our dividend analysis for TJX.

ETFs with the largest weight of TJX Companies (NYSE:TJX) stock in their portfolio include VanEck Retail ETF (RTH), iShares U.S. Consumer Focused ETF (IEDI), Neuberger Berman Next Generation Connected Consumer ETF (NBCC), Consumer Discretionary Select Sector SPDR Fund (XLY), Emerge EMPWR Sustainable Select Growth Equity ETF (EMGC), Emerge EMPWR Sustainable Global Core Equity ETF (EMZA), Nuveen Dividend Growth ETF (NDVG) and Daily Consumer Discretionary Bull 3X (WANT).

TJX Companies (NYSE:TJX) pays an annual dividend of $1.33 per share and currently has a dividend yield of 1.70%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 44.63%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TJX will have a dividend payout ratio of 34.10% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TJX.

Shares of TJX Companies split on Monday, November 5th 2018. The 2-1 split was announced on Monday, September 17th 2018. The newly issued shares were payable to shareholders after the closing bell on Tuesday, November 6th 2018. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

TJX Companies updated its FY24 earnings guidance on Wednesday, May, 17th. The company provided earnings per share guidance of $3.39-3.48 for the period, compared to the consensus estimate of $3.54.

238 employees have rated TJX Companies Chief Executive Officer Ernie Herrman on Glassdoor.com. Ernie Herrman has an approval rating of 92% among the company's employees. This puts Ernie Herrman in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other TJX Companies investors own include NVIDIA (NVDA), Walt Disney (DIS), Johnson & Johnson (JNJ), AbbVie (ABBV), Starbucks (SBUX), Home Depot (HD), Visa (V), Bank of America (BAC), Alibaba Group (BABA) and Salesforce (CRM).

TJX Companies trades on the New York Stock Exchange (NYSE) under the ticker symbol "TJX."

TJX Companies' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (6.91%), Wellington Management Group LLP (6.79%), FMR LLC (4.25%), State Street Corp (3.87%), Bank of New York Mellon Corp (2.12%) and Geode Capital Management LLC (1.81%). Insiders that own company stock include Amy B Lane, Carol Meyrowitz, Ernie Herrman, Kenneth Canestrari, Louise Greenlees, Michael F Hines, Richard Sherr, Rosemary T Berkery, Scott Goldenberg and Zein Abdalla.
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Shares of TJX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TJX stock can currently be purchased for approximately $78.80.

TJX Companies (NYSE:TJX) has a market capitalization of $90.74 billion and generates $49.94 billion in revenue each year. The apparel and home fashions retailer earns $3.50 billion in net income (profit) each year or $2.98 on an earnings per share basis.

The company employs 329,000 workers across the globe.

TJX Companies' mailing address is 770 Cochituate Road, FRAMINGHAM MA, 01701. The official website for the company is www.tjx.com. The apparel and home fashions retailer can be reached via phone at (508) 390-1000, via email at shrrelations@cpushareownerservices.com, or via fax at 508-390-2828.