What Analysts Are Saying About TJX Companies Stock
TJX Companies (NYSE:TJX) underwent analysis by 12 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 7 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 2 | 6 | 0 | 0 | 0 |
| 3M Ago | 2 | 0 | 0 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $118.58, with a high estimate of $134.00 and a low estimate of $110.00. This upward trend is evident, with the current average reflecting a 5.4% increase from the previous average price target of $112.50.
Investigating Analyst Ratings: An Elaborate Study
The standing of TJX Companies among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Laura Champine | Loop Capital | Raises | Buy | $125.00 | $115.00 |
| Simeon Siegel | BMO Capital | Raises | Outperform | $116.00 | $110.00 |
| Jamie Merriman | Bernstein | Raises | Outperform | $120.00 | $115.00 |
| Adrienne Yih | Barclays | Raises | Overweight | $114.00 | $109.00 |
| Jay Sole | UBS | Raises | Buy | $134.00 | $132.00 |
| Mark Altschwager | Baird | Raises | Outperform | $113.00 | $110.00 |
| Dana Telsey | Telsey Advisory Group | Raises | Outperform | $115.00 | $112.00 |
| Dana Telsey | Telsey Advisory Group | Maintains | Outperform | $112.00 | $112.00 |
| John Kernan | TD Cowen | Raises | Buy | $120.00 | $119.00 |
| Dana Telsey | Telsey Advisory Group | Maintains | Outperform | $112.00 | $112.00 |
| Jay Sole | UBS | Raises | Buy | $132.00 | $104.00 |
| Brooke Roach | Goldman Sachs | Raises | Buy | $110.00 | $100.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to TJX Companies. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of TJX Companies compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of TJX Companies's stock. This examination reveals shifts in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of TJX Companies's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on TJX Companies analyst ratings.
All You Need to Know About TJX Companies
TJX Companies is the leading off-price retailer of apparel, accessories, and home merchandise in the United States. The firm leverages its more than 21,000 global vendor relationships to procure and sell brand-name merchandise at prices 20%-60% cheaper than conventional retail channels. TJX opportunistically purchases excess inventory that stems from manufacturing overruns and retail closeout sales. The off-price retailer disperses its vast and disparate merchandise across its nearly 5,000 global stores, creating a treasure-hunt shopping experience for consumers. Over three quarters of TJX's sales are derived from the United States, primarily via the T.J. Maxx, Marshalls, and HomeGoods banners. About 10% of sales are from Canada and 12% from Europe and Australia.
Financial Milestones: TJX Companies's Journey
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: TJX Companies's revenue growth over a period of 3 months has been noteworthy. As of 30 April, 2024, the company achieved a revenue growth rate of approximately 5.91%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Discretionary sector.
Net Margin: TJX Companies's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 8.57%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): TJX Companies's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 14.46% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 3.6%, the company showcases effective utilization of assets.
Debt Management: TJX Companies's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.69.
The Significance of Analyst Ratings Explained
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.