The TJX Companies, Inc. $TJX Stock Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,303,692 shares of the apparel and home fashions retailer’s stock after acquiring an additional 50,564 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.21% of TJX Companies worth $305,005,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. bought a new position in TJX Companies in the second quarter valued at approximately $16,489,926,000. State Street Corp raised its position in TJX Companies by 2.9% during the second quarter. State Street Corp now owns 49,709,223 shares of the apparel and home fashions retailer’s stock worth $7,530,947,000 after acquiring an additional 1,388,026 shares in the last quarter. Bank of America Corp DE acquired a new stake in TJX Companies in the second quarter valued at $3,511,553,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in TJX Companies by 7.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,560,007 shares of the apparel and home fashions retailer’s stock valued at $1,902,841,000 after acquiring an additional 883,294 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of TJX Companies in the 2nd quarter valued at about $1,598,731,000. Institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

TJX has been the topic of several recent analyst reports. Citigroup lowered shares of TJX Companies from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $182.00 to $154.00 in a research note on Thursday, August 20th. Wells Fargo & Company cut their target price on shares of TJX Companies from $160.00 to $140.00 and set an “equal weight” rating for the company in a research note on Thursday, August 20th. Barclays set a $188.00 price target on TJX Companies and gave the stock an “overweight” rating in a report on Thursday, August 20th. Evercore reiterated an “outperform” rating and set a $173.00 price target (down from $175.00) on shares of TJX Companies in a report on Thursday, August 20th. Finally, Morgan Stanley set a $178.00 price target on TJX Companies and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Twenty-one analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $172.78.

TJX Companies Trading Down 0.4%

Shares of TJX Companies stock opened at $135.95 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56. The business has a fifty day simple moving average of $136.08 and a two-hundred day simple moving average of $150.45. The TJX Companies, Inc. has a 1 year low of $122.78 and a 1 year high of $170.00. The company has a market capitalization of $149.54 billion, a price-to-earnings ratio of 25.13, a P/E/G ratio of 2.58 and a beta of 0.58.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating the consensus estimate of $1.19 by $0.03. The firm had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $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. Research analysts forecast that The TJX Companies, Inc. will post 5.22 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 12th will be paid a $0.48 dividend. The ex-dividend date is Thursday, November 12th. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. TJX Companies’s dividend payout ratio is 35.49%.

TJX Companies Profile

The TJX Companies, Inc. is an off-price retailer that sells apparel, footwear, accessories, home furnishings and other merchandise through stores and e-commerce sites. Its buying approach focuses on offering brand-name and designer goods at prices generally below those of traditional retailers. The company operates retail chains including TJ Maxx, Marshalls, HomeGoods and Sierra in the United States; Winners, HomeSense and Marshalls in Canada; and TK Maxx and Homesense in Europe. Its stores carry a changing selection of products across categories such as clothing, home décor, furniture, beauty and outdoor gear.