Envestnet Asset Management Inc. Purchases 28,559 Shares of The TJX Companies, Inc. $TJX

Envestnet Asset Management Inc. lifted its position in The TJX Companies, Inc. (NYSE:TJX) by 0.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,676,531 shares of the apparel and home fashions retailer’s stock after buying an additional 28,559 shares during the period. Envestnet Asset Management Inc.’s holdings in TJX Companies were worth $708,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Coston McIsaac & Partners boosted its position in TJX Companies by 11.3% in the first quarter. Coston McIsaac & Partners now owns 628 shares of the apparel and home fashions retailer’s stock worth $100,000 after purchasing an additional 64 shares during the last quarter. Kohmann Bosshard Financial Services LLC lifted its stake in shares of TJX Companies by 11.0% in the 1st quarter. Kohmann Bosshard Financial Services LLC now owns 666 shares of the apparel and home fashions retailer’s stock worth $106,000 after purchasing an additional 66 shares during the period. HBW Advisory Services LLC boosted its holdings in shares of TJX Companies by 5.1% in the second quarter. HBW Advisory Services LLC now owns 1,357 shares of the apparel and home fashions retailer’s stock worth $206,000 after buying an additional 66 shares during the last quarter. Intellectus Partners LLC grew its position in TJX Companies by 1.1% during the fourth quarter. Intellectus Partners LLC now owns 6,299 shares of the apparel and home fashions retailer’s stock valued at $968,000 after buying an additional 67 shares during the period. Finally, Howard Financial Services LTD. grew its position in TJX Companies by 3.5% during the second quarter. Howard Financial Services LTD. now owns 2,029 shares of the apparel and home fashions retailer’s stock valued at $307,000 after buying an additional 69 shares during the period. Institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on TJX shares. Wall Street Zen cut shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Weiss Ratings downgraded shares of TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. Barclays set a $188.00 price objective on TJX Companies and gave the stock an “overweight” rating in a research note on Thursday, August 20th. BTIG Research reiterated a “buy” rating and set a $190.00 target price on shares of TJX Companies in a research report on Thursday, August 20th. Finally, Jefferies Financial Group lowered TJX Companies from a “buy” rating to a “hold” rating and cut their price target for the company from $180.00 to $145.00 in a report on Wednesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $171.63.

TJX Companies Stock Performance

NYSE TJX traded up $0.86 on Wednesday, reaching $131.65. 8,649,295 shares of the stock were exchanged, compared to its average volume of 5,932,928. 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 TJX Companies, Inc. has a one year low of $122.78 and a one year high of $170.00. The firm has a market capitalization of $144.81 billion, a PE ratio of 24.33, a PEG ratio of 2.36 and a beta of 0.60. The company’s 50-day simple moving average is $144.13 and its two-hundred day simple moving average is $152.72.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. The business had revenue of $15.18 billion during the quarter, compared to analyst estimates of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 earnings per share. 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. Analysts expect that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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

Trending Headlines about TJX Companies

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

• Positive Sentiment: Earnings beat supports shares: TJX reported quarterly EPS of $1.22, ahead of the $1.19 consensus, while revenue reached approximately $15.2 billion and increased 5.4% year over year. The results reinforce the company’s ability to attract value-focused shoppers. TJX Companies stock holds near USD 127 as earnings beat estimates
• Positive Sentiment: Retail environment remains favorable: TJX was included among retail stocks viewed as well positioned after August retail sales rose 1.2% despite inflation and elevated interest rates. Its off-price model may benefit as consumers seek lower prices. 5 Solid Retail Stocks to Grab as Sales Roar Despite High Inflation
• Positive Sentiment: Digital initiatives could lift store traffic: Fresh online assortments, social-media engagement and gifting programs are intended to generate repeat visits and strengthen customer engagement. TJX Companies’ Digital Reach: Can Engagement Lift Store Traffic?
• Positive Sentiment: Analyst and media interest is elevated: TJX is among the most-watched stocks on Zacks, while Jim Cramer said he was buying the pullback, potentially improving near-term sentiment. Jim Cramer Notes He Is Buying The Pullback In TJX
• Neutral Sentiment: Valuation and technical picture warrant caution: TJX trades at roughly 24 times earnings, while its price remains below its 50-day and 200-day averages. This suggests the recent rebound has not yet fully repaired the stock’s broader technical trend.

TJX Companies Company Profile

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.