The TJX Companies, Inc. $TJX Stock Position Increased by QRG Capital Management Inc.

by · The Cerbat Gem

QRG Capital Management Inc. increased its position in The TJX Companies, Inc. (NYSE:TJX – Free Report) by 6.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 323,830 shares of the apparel and home fashions retailer’s stock after buying an additional 20,517 shares during the quarter. QRG Capital Management Inc.’s holdings in TJX Companies were worth $49,060,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. BlackRock Inc. bought a new stake in TJX Companies in the second quarter worth about $16,489,926,000. State Street Corp boosted its position in shares of TJX Companies by 2.9% during the 2nd quarter. State Street Corp now owns 49,709,223 shares of the apparel and home fashions retailer’s stock valued at $7,530,947,000 after purchasing an additional 1,388,026 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of TJX Companies by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 27,011,104 shares of the apparel and home fashions retailer’s stock valued at $4,134,174,000 after purchasing an additional 673,690 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of TJX Companies in the 2nd quarter worth approximately $3,511,553,000. Finally, Capital International Investors grew its stake in shares of TJX Companies by 2.0% in the 4th quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer’s stock worth $2,455,911,000 after purchasing an additional 308,408 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 0.7%

Shares of TJX traded up $0.86 during mid-day trading on Wednesday, reaching $131.65. The company’s stock had a trading volume of 8,649,295 shares, compared to its average volume of 5,932,928. The business has a fifty day moving average of $144.13 and a 200 day moving average of $152.72. The company has a market cap of $144.81 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 2.36 and a beta of 0.60. The TJX Companies, Inc. has a 1 year low of $122.78 and a 1 year high of $170.00. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX – Get Free Report) last issued its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. The business had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.TJX Companies’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company 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. As a group, analysts forecast that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $182.00 to $154.00 in a report on Thursday, August 20th. BTIG Research restated a “buy” rating and issued a $190.00 price target on shares of TJX Companies in a research report on Thursday, August 20th. Gordon Haskett reaffirmed an “accumulate” rating and issued a $155.00 price target on shares of TJX Companies in a report on Thursday, August 20th. Jefferies Financial Group downgraded TJX Companies from a “buy” rating to a “hold” rating and cut their price objective for the company from $180.00 to $145.00 in a research report on Wednesday, August 26th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $171.63.

Read Our Latest Stock Analysis on TJX

TJX Companies News Summary

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.

About TJX Companies

(Free Report)

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.

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