23,178,569 Shares in The TJX Companies, Inc. $TJX Purchased by Bank of America Corp DE

Key Points

• Bank of America acquired 23.18 million TJX shares worth approximately $3.51 billion, representing about 2.1% of the retailer; institutional investors collectively own 91.09% of the stock.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $171.63, despite some recent rating downgrades.
• TJX reported quarterly earnings of $1.22 per share, beating expectations, while revenue rose 5.4% year over year to $15.18 billion. Shares opened at $125.88, near their 52-week low of $124.87.

Bank of America Corp DE bought a new stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 23,178,569 shares of the apparel and home fashions retailer's stock, valued at approximately $3,511,553,000. Bank of America Corp DE owned about 2.10% of TJX Companies as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its stake in shares of TJX Companies by 120.3% during the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer's stock valued at $25,000 after purchasing an additional 89 shares in the last quarter. Entrust Financial LLC acquired a new position in TJX Companies in the 4th quarter worth approximately $26,000. Cetera Trust Company N.A acquired a new stake in shares of TJX Companies in the second quarter worth $27,000. Evergreen Advisors LLC purchased a new position in shares of TJX Companies during the 1st quarter valued at about $36,000. Finally, Bard Associates Inc. acquired a new position in TJX Companies in the fourth quarter valued at approximately $35,000. Institutional investors own 91.09% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the company. Truist Financial set a $190.00 price objective on TJX Companies and gave the company a "buy" rating in a report on Thursday, May 21st. Barclays set a $188.00 target price on shares of TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, August 20th. Weiss Ratings lowered shares of TJX Companies from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, July 21st. Erste Group Bank cut TJX Companies from a "buy" rating to a "hold" rating in a research note on Wednesday, July 15th. Finally, Guggenheim set a $152.00 price target on shares of TJX Companies in a research note on Monday, August 31st. Two research 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $171.63.

TJX Companies Stock Down 0.1%

Shares of TJX Companies stock opened at $125.88 on Tuesday. 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 company has a 50 day moving average of $147.06 and a 200 day moving average of $154.08. The company has a market capitalization of $138.46 billion, a P/E ratio of 23.27, a P/E/G ratio of 2.27 and a beta of 0.60. The TJX Companies, Inc. has a 52-week low of $124.87 and a 52-week high of $170.00.

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

TJX Companies Profile

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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