The TJX Companies, Inc. $TJX Holdings Lifted by Smart Money Group LLC

Smart Money Group LLC increased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,491 shares of the apparel and home fashions retailer’s stock after acquiring an additional 606 shares during the period. Smart Money Group LLC’s holdings in TJX Companies were worth $1,049,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of TJX. Vanguard Group Inc. boosted its holdings in TJX Companies by 1.1% during the first quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer’s stock worth $12,230,396,000 after buying an additional 1,099,129 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of TJX Companies by 0.3% during the 1st quarter. Ameriprise Financial Inc. now owns 13,068,312 shares of the apparel and home fashions retailer’s stock valued at $1,591,758,000 after acquiring an additional 35,800 shares during the last quarter. Amundi lifted its position in shares of TJX Companies by 10.2% during the 1st quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer’s stock valued at $1,489,305,000 after acquiring an additional 1,104,292 shares during the last quarter. Nuveen LLC bought a new stake in shares of TJX Companies during the 1st quarter worth $1,330,717,000. Finally, Invesco Ltd. grew its holdings in shares of TJX Companies by 2.8% in the 1st quarter. Invesco Ltd. now owns 9,000,600 shares of the apparel and home fashions retailer’s stock worth $1,096,273,000 after acquiring an additional 247,579 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. UBS Group reaffirmed a “buy” rating and set a $172.00 target price on shares of TJX Companies in a report on Tuesday. JPMorgan Chase & Co. lifted their price target on TJX Companies from $148.00 to $149.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. Macquarie reaffirmed a “buy” rating on shares of TJX Companies in a research note on Monday, August 11th. Sanford C. Bernstein raised their target price on shares of TJX Companies from $145.00 to $152.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Finally, Robert W. Baird lifted their target price on shares of TJX Companies from $143.00 to $152.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $149.00.

TJX Companies Trading Up 0.0%

NYSE:TJX opened at $143.74 on Friday. The stock has a market cap of $159.97 billion, a PE ratio of 32.74, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90. The TJX Companies, Inc. has a fifty-two week low of $112.10 and a fifty-two week high of $146.46. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52. The stock’s 50-day moving average is $141.41 and its two-hundred day moving average is $132.60.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $1.01 by $0.09. The business had revenue of $14.40 billion during the quarter, compared to analysts’ expectations of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company posted $0.96 earnings per share. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies’s dividend payout ratio is presently 38.72%.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.