Aberdeen Group plc Has $252.67 Million Position in The TJX Companies, Inc. $TJX

Key Points

• Aberdeen Group plc increased its stake in The TJX Companies by 16.9%, owning a total of 2,105,068 shares worth approximately $252.67 million after purchasing 304,291 additional shares in the first quarter.
• TJX Companies reported earnings of $0.92 per share for the most recent quarter, exceeding analyst expectations, with a revenue of $13.11 billion, marking a 5.1% increase year-over-year.
• The company announced a quarterly dividend of $0.425, set to be paid on September 4th, translating to an annual yield of 1.3% with a dividend payout ratio of 40%.

Aberdeen Group plc raised its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 16.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,105,068 shares of the apparel and home fashions retailer's stock after purchasing an additional 304,291 shares during the quarter. Aberdeen Group plc owned 0.19% of TJX Companies worth $252,671,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TJX. Vanguard Group Inc. raised its holdings in shares of TJX Companies by 1.1% during the first quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer's stock worth $12,230,396,000 after purchasing an additional 1,099,129 shares during the last quarter. Capital International Investors lifted its holdings in shares of TJX Companies by 4.5% in the 4th quarter. Capital International Investors now owns 14,647,792 shares of the apparel and home fashions retailer's stock worth $1,769,600,000 after acquiring an additional 626,739 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of TJX Companies by 15.2% in the 4th quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock worth $1,689,628,000 after acquiring an additional 1,845,225 shares during the last quarter. Royal Bank of Canada increased its stake in TJX Companies by 12.9% during the 4th quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock worth $1,486,074,000 after buying an additional 1,403,561 shares during the period. Finally, Nuveen LLC purchased a new stake in TJX Companies during the 1st quarter worth approximately $1,330,717,000. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TJX has been the topic of a number of recent analyst reports. TD Securities increased their price objective on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Morgan Stanley set a $140.00 price target on shares of TJX Companies and gave the stock an "overweight" rating in a report on Thursday, May 22nd. BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. Finally, Macquarie reiterated a "buy" rating on shares of TJX Companies in a research note on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $141.33.

TJX Companies Trading Up 1.0%

TJX stock traded up $1.37 during mid-day trading on Tuesday, reaching $134.43. 6,408,520 shares of the stock traded hands, compared to its average volume of 5,288,738. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The TJX Companies, Inc. has a 52-week low of $111.22 and a 52-week high of $135.85. The company has a market cap of $150.17 billion, a P/E ratio of 31.63, a P/E/G ratio of 3.09 and a beta of 0.89. The stock's fifty day moving average is $126.05 and its 200-day moving average is $125.16.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. The company had revenue of $13.11 billion for the quarter, compared to the consensus estimate of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%.The firm's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 EPS. TJX Companies has set its FY 2026 guidance at 4.340-4.430 EPS. Q2 2026 guidance at 0.970-1.000 EPS. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.3%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is 40.00%.

Insider Buying and Selling

In other news, Director Amy B. Lane sold 950 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director directly owned 22,712 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. 0.13% of the stock is currently owned by company insiders.

TJX Companies 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.