20,233 Shares of The TJX Companies, Inc. $TJX Acquired by Associated Banc Corp

Key Points

• Associated Banc Corp opened a new position in TJX during the third quarter, buying 20,233 shares valued at approximately $2.68 million. Institutional investors and hedge funds collectively own 91.09% of the stock.
• TJX reported quarterly earnings of $1.22 per share, beating the $1.19 consensus estimate, while revenue of $15.18 billion edged expectations and rose 5.4% year over year.
• Analysts give TJX a consensus “Moderate Buy” rating, with an average price target of $174.95. The company also declared a quarterly dividend of $0.48 per share, equivalent to a 1.3% yield.

Associated Banc Corp bought a new stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 20,233 shares of the apparel and home fashions retailer's stock, valued at approximately $2,677,000.

Several other large investors have also recently made changes to their positions in TJX. BlackRock Inc. acquired a new stake in TJX Companies during the 2nd quarter worth $16,489,926,000. State Street Corp lifted its stake in TJX Companies by 2.9% in the 2nd 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 purchasing an additional 1,388,026 shares in the last quarter. Bank of America Corp DE acquired a new position in TJX Companies during the second quarter worth $3,511,553,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of TJX Companies by 7.6% in the 2nd 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 worth $1,902,841,000 after acquiring an additional 883,294 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of TJX Companies in the 2nd quarter worth $1,598,731,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Price Performance

Shares of TJX opened at $144.71 on Thursday. The company has a market cap of $159.18 billion, a P/E ratio of 26.75, a PEG ratio of 2.61 and a beta of 0.58. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a fifty-two week low of $122.78 and a fifty-two week high of $170.00. The firm's 50 day moving average price is $135.76 and its 200 day moving average price is $150.97.

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, topping the consensus estimate of $1.19 by $0.03. The company 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 was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 EPS. 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. On average, research analysts forecast that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 12th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, November 12th. TJX Companies's payout ratio is 35.49%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TJX shares. Barclays set a $188.00 price target on shares of TJX Companies and gave the company an "overweight" rating in a research note on Thursday, August 20th. Wells Fargo & Company dropped their price target on shares of TJX Companies from $160.00 to $140.00 and set an "equal weight" rating for the company in a research report on Thursday, August 20th. Jefferies Financial Group cut shares of TJX Companies from a "buy" rating to a "hold" rating and dropped their price target for the company from $180.00 to $145.00 in a research report on Wednesday, August 26th. Wall Street Zen downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a research note on Saturday, August 22nd. Finally, Sanford C. Bernstein restated an "outperform" rating and issued a $175.00 price objective on shares of TJX Companies in a report on Tuesday, August 25th. Twenty-one research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, TJX Companies currently has a consensus rating of "Moderate Buy" and an average price target of $174.95.

TJX Companies Profile

The TJX Companies, Inc NYSE: TJX is an off-price retailer specializing in apparel, footwear, accessories, and home merchandise. Its stores offer branded and designer products at prices generally below those of full-price retailers, using a flexible purchasing model that allows the company to acquire merchandise from manufacturers, retailers, and other suppliers.

The company operates 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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