403,534 Shares in The TJX Companies, Inc. $TJX Acquired by Strs Ohio

Key Points

• Strs Ohio acquired 403,534 shares of The TJX Companies, Inc. for about $49.15 million, indicating significant institutional interest in the retailer.
• Analysts have recently upgraded their price targets for TJX Companies, with forecasts reaching as high as $172, reflecting positive sentiment in the stock's performance.
• TJX reported $1.10 EPS in its last quarter, surpassing expectations, and indicated a revenue of $14.40 billion, a 6.9% increase year-over-year.

Strs Ohio purchased a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 403,534 shares of the apparel and home fashions retailer's stock, valued at approximately $49,150,000.

Other large investors have also added to or reduced their stakes in the company. TCTC Holdings LLC grew its position in TJX Companies by 210.1% during the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock worth $26,000 after buying an additional 145 shares in the last quarter. Atlantic Edge Private Wealth Management LLC grew its position in TJX Companies by 58.8% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after buying an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC grew its position in 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 buying an additional 149 shares in the last quarter. Inlight Wealth Management LLC acquired a new stake in TJX Companies during the first quarter worth approximately $37,000. Finally, Activest Wealth Management grew its position in TJX Companies by 4,485.7% during the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock worth $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.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Robert W. Baird increased their price target on TJX Companies from $143.00 to $152.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Evercore ISI upped their target price on TJX Companies from $150.00 to $162.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, August 23rd. UBS Group upped their target price on TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Finally, BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $147.58.

TJX Companies Stock Down 0.1%

Shares of TJX opened at $139.88 on Thursday. The TJX Companies, Inc. has a 52 week low of $111.22 and a 52 week high of $145.58. The stock has a market capitalization of $155.68 billion, a price-to-earnings ratio of 31.86, a PEG ratio of 3.15 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17. The stock has a fifty day moving average of $130.82 and a 200-day moving average of $126.74.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. The company had revenue of $14.40 billion during the quarter, compared to analysts' expectations of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.TJX Companies's revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $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. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Company Profile

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.

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