Bleakley Financial Group LLC Has $3.23 Million Position in The TJX Companies, Inc. $TJX

Bleakley Financial Group LLC raised its position in The TJX Companies, Inc. (NYSE:TJX) by 18.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 26,142 shares of the apparel and home fashions retailer’s stock after purchasing an additional 4,149 shares during the period. Bleakley Financial Group LLC’s holdings in TJX Companies were worth $3,228,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. TCTC Holdings LLC grew its stake in shares of TJX Companies by 210.1% in the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 145 shares in the last quarter. Princeton Global Asset Management LLC bought a new stake in TJX Companies in the 2nd quarter valued at about $28,000. Atlantic Edge Private Wealth Management LLC grew its position in shares of TJX Companies by 58.8% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer’s stock worth $36,000 after purchasing an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC increased its holdings in shares of TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer’s stock worth $36,000 after purchasing an additional 149 shares during the period. Finally, Activest Wealth Management raised its position in shares of TJX Companies by 4,485.7% in the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer’s stock valued at $39,000 after buying an additional 314 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

TJX has been the topic of a number of recent research reports. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, August 23rd. Morgan Stanley raised their price target on TJX Companies from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Barclays boosted their price target on TJX Companies from $147.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Citigroup increased their price objective on shares of TJX Companies from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. Finally, Daiwa Capital Markets started coverage on shares of TJX Companies in a research report on Tuesday, July 8th. They issued an “outperform” rating and a $133.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $148.50.

TJX Companies Price Performance

TJX stock opened at $142.32 on Friday. The stock has a market cap of $158.39 billion, a price-to-earnings ratio of 32.42, a P/E/G ratio of 3.18 and a beta of 0.92. 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 company has a 50 day simple moving average of $140.12 and a 200 day simple moving average of $131.44. The TJX Companies, Inc. has a 1 year low of $111.73 and a 1 year high of $146.46.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The firm had revenue of $14.40 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the previous year, the firm posted $0.96 earnings per share. The company’s revenue was up 6.9% on a year-over-year basis. 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 anticipate that The TJX Companies, Inc. will post 4.18 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 4th. Shareholders of record on Thursday, November 13th will be given a $0.425 dividend. The ex-dividend date is Thursday, November 13th. This represents a $1.70 annualized dividend and a yield of 1.2%. TJX Companies’s dividend payout ratio (DPR) 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.