Fintel reports that on September 11, 2023, Wells Fargo maintained coverage of TJX Companies (NYSE:TJX) with a Equal-Weight recommendation.
Analyst Price Forecast Suggests 10.15% Upside
As of August 31, 2023, the average one-year price target for TJX Companies is 100.73. The forecasts range from a low of 85.75 to a high of $115.50. The average price target represents an increase of 10.15% from its latest reported closing price of 91.45.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for TJX Companies is 52,650MM, an increase of 2.78%. The projected annual non-GAAP EPS is 3.57.
What is the Fund Sentiment?
There are 2895 funds or institutions reporting positions in TJX Companies. This is a decrease of 5 owner(s) or 0.17% in the last quarter. Average portfolio weight of all funds dedicated to TJX is 0.57%, a decrease of 1.86%. Total shares owned by institutions decreased in the last three months by 3.51% to 1,177,677K shares. 
The put/call ratio of TJX is 0.79, indicating a bullish outlook.
What are Other Shareholders Doing?
Wellington Management Group Llp holds 75,265K shares representing 6.58% ownership of the company. In it's prior filing, the firm reported owning 78,229K shares, representing a decrease of 3.94%. The firm decreased its portfolio allocation in TJX by 0.65% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 35,856K shares representing 3.13% ownership of the company. In it's prior filing, the firm reported owning 33,984K shares, representing an increase of 5.22%. The firm increased its portfolio allocation in TJX by 5.33% over the last quarter.
Jpmorgan Chase holds 33,821K shares representing 2.96% ownership of the company. In it's prior filing, the firm reported owning 29,525K shares, representing an increase of 12.70%. The firm increased its portfolio allocation in TJX by 780.54% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 27,417K shares representing 2.40% ownership of the company. In it's prior filing, the firm reported owning 26,963K shares, representing an increase of 1.66%. The firm decreased its portfolio allocation in TJX by 0.35% over the last quarter.
VDIGX - Vanguard Dividend Growth Fund Investor Shares holds 24,194K shares representing 2.11% ownership of the company. In it's prior filing, the firm reported owning 26,775K shares, representing a decrease of 10.67%. The firm decreased its portfolio allocation in TJX by 12.64% over the last quarter.
TJX Companies Background Information
(This description is provided by the company.)
The TJX Companies, Inc. is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide. As of January 30, 2021, the end of the Company's fiscal year, the Company operated a total of 4,572 stores in nine countries, the United States, Canada, the United Kingdom, Ireland, Germany, Poland, Austria, the Netherlands, and Australia, and four e-commerce sites. These include 1,271 T.J. Maxx, 1,131 Marshalls, 821 HomeGoods, 48 Sierra, and 34 Homesense stores, as well as tjmaxx.com, marshalls.com, and sierra.com in the United States; 280 Winners, 143 HomeSense, and 102 Marshalls stores in Canada; 602 T.K. Maxx and 78 Homesense stores, as well as tkmaxx.com, in Europe; and 62 T.K. Maxx stores in Australia.
Additional reading:
- The Letter Agreement dated June 6, 2023 between Richard Sherr and TJX, filed herewith*
- The TJX Companies, Inc. Reports Above Plan Q2 FY24 Comp Store Sales Growth of 6%, Pretax Profit Margin of 10.4%, and EPS Growth of 23%; Marmaxx Comp Store Sales up 8%; Increases FY24 Comp Store Sales, Pretax Profit Margin, and EPS Guidance
- The First Amendment to the Executive Savings Plan (As Amended and Restated, Effective January 1, 2022) effective April 1, 2023*
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