Quantitative Investment Management LLC Invests $2.04 Million in The TJX Companies, Inc. $TJX

Key Points

• Quantitative Investment Management LLC has acquired 16,711 shares of The TJX Companies, Inc., valued at approximately $2,035,000, as part of their first-quarter investments.
• Several other large investors significantly increased their stakes in TJX during the same period, with some raising their holdings by over 200%.
• Wall Street analysts have raised price targets for TJX, with firms like Bank of America and Citigroup now targeting prices as high as $160.00.

Quantitative Investment Management LLC bought a new stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 16,711 shares of the apparel and home fashions retailer's stock, valued at approximately $2,035,000.

A number of other institutional investors have also recently modified their holdings of the business. Brighton Jones LLC raised its position in shares of TJX Companies by 113.7% during the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock worth $1,817,000 after purchasing an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC grew its position in TJX Companies by 12.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after acquiring an additional 235 shares in the last quarter. Coppell Advisory Solutions LLC grew its position in TJX Companies by 31.8% in the 4th quarter. Coppell Advisory Solutions LLC now owns 435 shares of the apparel and home fashions retailer's stock valued at $53,000 after acquiring an additional 105 shares in the last quarter. Aquatic Capital Management LLC grew its position in TJX Companies by 53.1% in the 4th quarter. Aquatic Capital Management LLC now owns 71,031 shares of the apparel and home fashions retailer's stock valued at $8,581,000 after acquiring an additional 24,631 shares in the last quarter. Finally, Prosperity Consulting Group LLC raised its position in TJX Companies by 6.7% in the 4th quarter. Prosperity Consulting Group LLC now owns 22,063 shares of the apparel and home fashions retailer's stock valued at $2,665,000 after purchasing an additional 1,387 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Performance

Shares of NYSE:TJX traded up $0.61 during trading on Wednesday, reaching $137.29. 4,521,060 shares of the company's stock traded hands, compared to its average volume of 5,516,427. 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 TJX Companies, Inc. has a 12 month low of $111.22 and a 12 month high of $145.58. The company has a 50 day moving average of $127.79 and a 200-day moving average of $125.71. The stock has a market capitalization of $153.37 billion, a P/E ratio of 31.27, a price-to-earnings-growth ratio of 3.07 and a beta of 0.89.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.09. The firm had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. TJX Companies's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $0.96 EPS. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. On average, equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio is presently 38.72%.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the sale, the director directly owned 22,712 shares in the company, valued at $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.13% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TJX. Macquarie reaffirmed a "buy" rating on shares of TJX Companies in a research report on Monday, August 11th. UBS Group lifted their target price on TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday. Sanford C. Bernstein increased their target price on shares of TJX Companies from $145.00 to $152.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Finally, Wells Fargo & Company increased their target price on shares of TJX Companies from $120.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $147.58.

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.