Throughout the last three months, 11 analysts have evaluated TJX Companies TJX, offering a diverse set of opinions from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 7 | 0 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 2 | 6 | 0 | 0 | 0 |
| 2M Ago | 2 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $118.0, with a high estimate of $134.00 and a low estimate of $110.00. Marking an increase of 5.1%, the current average surpasses the previous average price target of $112.27.
Exploring Analyst Ratings: An In-Depth Overview
A clear picture of TJX Companies's perception among financial experts is painted with a thorough analysis 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 |
|---|---|---|---|---|---|
| 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: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of TJX Companies compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of TJX Companies's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on TJX Companies analyst ratings.
All You Need to Know About TJX Companies
TJX Companies Inc 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 4,950 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 Insights: TJX Companies
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: TJX Companies's revenue growth over a period of 3 months has faced challenges. As of 30 April, 2024, the company experienced a revenue decline of approximately -23.96%. This indicates a decrease in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: TJX Companies's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 8.57% net margin, the company effectively manages costs and achieves strong profitability.
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): TJX Companies's ROA stands out, surpassing industry averages. With an impressive ROA of 3.6%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 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.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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