State Street Corp Has $7.53 Billion Position in The TJX Companies, Inc. $TJX

State Street Corp grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 49,709,223 shares of the apparel and home fashions retailer’s stock after buying an additional 1,388,026 shares during the quarter. State Street Corp owned approximately 4.52% of TJX Companies worth $7,530,947,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Danske Bank A S acquired a new position in shares of TJX Companies in the 2nd quarter valued at $829,000. J.Safra Asset Management Corp grew its stake in shares of TJX Companies by 78.3% during the fourth quarter. J.Safra Asset Management Corp now owns 6,805 shares of the apparel and home fashions retailer’s stock worth $1,045,000 after purchasing an additional 2,989 shares during the period. Bluedoor Private Wealth LLC bought a new stake in TJX Companies in the fourth quarter valued at about $2,559,000. Sigma Planning Corp lifted its stake in TJX Companies by 82.0% in the second quarter. Sigma Planning Corp now owns 20,903 shares of the apparel and home fashions retailer’s stock valued at $3,167,000 after buying an additional 9,417 shares during the period. Finally, Man Group plc acquired a new position in TJX Companies in the second quarter valued at about $217,422,000. 91.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on TJX shares. Weiss Ratings lowered TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. Evercore reissued an “outperform” rating and set a $173.00 price objective on shares of TJX Companies in a research note on Thursday, August 20th. Gordon Haskett restated an “accumulate” rating and set a $155.00 price objective on shares of TJX Companies in a report on Thursday, August 20th. Sanford C. Bernstein restated an “outperform” rating and set a $175.00 price objective on shares of TJX Companies in a report on Tuesday, August 25th. Finally, Barclays set a $188.00 target price on shares of TJX Companies and gave the company an “overweight” rating in a research note on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $171.63.

More TJX Companies News

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: Retail sales resilience supports off-price retailers. August U.S. retail sales rose 1.2% despite inflation and elevated interest rates, helping position TJX as one of five retail stocks that could benefit from consumers seeking value. 5 Solid Retail Stocks to Grab as Sales Roar Despite High Inflation
• Positive Sentiment: Analysts see valuation and operational upside. Coverage highlights TJX’s discount to industry valuation, solid comparable-store sales, store expansion and positive earnings revisions. Its off-price model may also benefit as shoppers trade down for bargains. The TJX Companies Stock Trading at a Discount: Buy or Hold?
• Positive Sentiment: Jim Cramer characterized the pullback as a buying opportunity. Cramer said he and Jeff Marks had purchased TJX shares after a caller discussed adding to an existing position, reinforcing the bullish view among some investors. Jim Cramer Notes He Is Buying The Pullback In TJX
• Neutral Sentiment: Several reports noted recent stability or modest gains and continued investor interest in TJX’s off-price momentum, but provided no new company-specific financial results. TJX Companies Stock Holds Recent Gains
• Negative Sentiment: Cost and macroeconomic risks are weighing on sentiment. Commentary cites rising costs, tariff risks and oil-related pressure on consumer spending. TJX has also been grouped with retail stocks experiencing significant declines and technically oversold conditions, suggesting continued volatility. 3 Retail Stocks Getting Crushed

TJX Companies Stock Down 0.1%

Shares of NYSE TJX traded down $0.08 during mid-day trading on Tuesday, reaching $130.88. 3,964,329 shares of the company’s stock were exchanged, compared to its average volume of 5,883,080. The firm has a market capitalization of $143.97 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 2.29 and a beta of 0.60. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18. The business has a fifty day simple moving average of $144.51 and a 200 day simple moving average of $152.93. The TJX Companies, Inc. has a twelve month low of $122.78 and a twelve month high of $170.00.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The business had revenue of $15.18 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same period in the previous year, the firm earned $1.10 EPS. TJX Companies’s quarterly revenue was up 5.4% compared to the same quarter last year. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. As a group, equities analysts expect that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 12th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.92 annualized dividend and a dividend yield of 1.5%. TJX Companies’s dividend payout ratio is currently 35.49%.

About TJX Companies

The TJX Companies, Inc is an off-price retailer specializing in apparel and home fashions. The company sells brand-name, designer and other merchandise at prices generally below those of full-price retailers. Its product assortment includes women’s, men’s and children’s clothing, footwear, accessories, beauty products, home furnishings, decor and other household goods.

TJX operates through a portfolio of retail banners, including T.J. Maxx, Marshalls, HomeGoods, Sierra and Homesense in the United States; Winners, HomeSense and Marshalls in Canada; and TK Maxx and Homesense in Europe and Australia.