ProShare Advisors LLC Buys 4,047 Shares of The TJX Companies, Inc. $TJX

ProShare Advisors LLC boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 192,743 shares of the apparel and home fashions retailer’s stock after acquiring an additional 4,047 shares during the period. ProShare Advisors LLC’s holdings in TJX Companies were worth $23,802,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of TJX. King Luther Capital Management Corp grew its position in shares of TJX Companies by 1.1% during the second quarter. King Luther Capital Management Corp now owns 63,914 shares of the apparel and home fashions retailer’s stock valued at $7,893,000 after purchasing an additional 680 shares in the last quarter. PFG Advisors lifted its position in shares of TJX Companies by 128.3% in the second quarter. PFG Advisors now owns 5,204 shares of the apparel and home fashions retailer’s stock worth $643,000 after buying an additional 2,925 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its stake in TJX Companies by 3.9% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 6,470 shares of the apparel and home fashions retailer’s stock valued at $799,000 after buying an additional 245 shares during the last quarter. Midwest Trust Co purchased a new position in TJX Companies during the 2nd quarter valued at approximately $3,594,000. Finally, Flossbach Von Storch SE increased its stake in TJX Companies by 5.1% in the 2nd quarter. Flossbach Von Storch SE now owns 131,535 shares of the apparel and home fashions retailer’s stock worth $16,243,000 after acquiring an additional 6,385 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and set a $170.00 target price on shares of TJX Companies in a research report on Tuesday. Barclays lifted their price objective on shares of TJX Companies from $147.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Macquarie restated a “buy” rating on shares of TJX Companies in a research report on Monday, August 11th. Robert W. Baird lifted their price target on TJX Companies from $143.00 to $152.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Finally, Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, August 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, TJX Companies currently has a consensus rating of “Buy” and an average target price of $151.75.

TJX Companies Stock Performance

Shares of NYSE:TJX opened at $146.04 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The TJX Companies, Inc. has a 12 month low of $112.10 and a 12 month high of $147.59. The company has a market capitalization of $162.53 billion, a price-to-earnings ratio of 33.27, a PEG ratio of 3.14 and a beta of 0.90. The firm’s 50-day moving average is $141.93 and its 200 day moving average is $133.12.

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

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies’s payout ratio is currently 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.