American Century Companies Inc. Purchases 270,598 Shares of The TJX Companies, Inc. $TJX

Key Points

• American Century Companies Inc. increased its stake in The TJX Companies by 8.5%, acquiring an additional 270,598 shares, bringing their total ownership to approximately $422.6 million.
• The TJX Companies reported $0.92 earnings per share for the latest quarter, surpassing the consensus estimate of $0.90, indicating robust financial performance.
• Several analysts have recently upgraded TJX's stock ratings, with JPMorgan Chase raising its price target from $130 to $145 and maintaining an "overweight" rating.

American Century Companies Inc. grew its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 8.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,469,638 shares of the apparel and home fashions retailer's stock after purchasing an additional 270,598 shares during the quarter. American Century Companies Inc. owned approximately 0.31% of TJX Companies worth $422,602,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Clear Creek Financial Management LLC grew its holdings in shares of TJX Companies by 1.8% during the first quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock worth $586,000 after buying an additional 83 shares in the last quarter. Salem Investment Counselors Inc. boosted its position in shares of TJX Companies by 2.2% during the 1st quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock valued at $485,000 after acquiring an additional 86 shares during the last quarter. Financial Network Wealth Advisors LLC boosted its position in shares of TJX Companies by 7.8% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,207 shares of the apparel and home fashions retailer's stock valued at $147,000 after acquiring an additional 87 shares during the last quarter. Amplius Wealth Advisors LLC boosted its position in shares of TJX Companies by 4.2% during the 1st quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock valued at $283,000 after acquiring an additional 93 shares during the last quarter. Finally, Aaron Wealth Advisors LLC boosted its position in shares of TJX Companies by 0.7% during the 1st quarter. Aaron Wealth Advisors LLC now owns 14,156 shares of the apparel and home fashions retailer's stock valued at $1,724,000 after acquiring an additional 96 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Trading Up 1.0%

Shares of TJX stock traded up $1.37 during mid-day trading on Tuesday, hitting $134.43. The company's stock had a trading volume of 6,719,391 shares, compared to its average volume of 5,303,737. The company has a market cap of $150.17 billion, a PE ratio of 31.63, a P/E/G ratio of 3.09 and a beta of 0.89. The company's fifty day simple moving average is $126.05 and its 200-day simple moving average is $125.16. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.51 and a current ratio of 1.16. The TJX Companies, Inc. has a 52 week low of $111.22 and a 52 week high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%.The business had revenue of $13.11 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the previous year, the business earned $0.93 EPS. The company's quarterly revenue was up 5.1% on a year-over-year basis. 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, equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is 40.00%.

Analyst Ratings Changes

TJX has been the topic of several recent research reports. Wells Fargo & Company reissued an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. UBS Group reaffirmed a "buy" rating and issued a $164.00 target price (up previously from $154.00) on shares of TJX Companies in a research report on Thursday, May 22nd. Daiwa Capital Markets began coverage on shares of TJX Companies in a research note on Tuesday, July 8th. They set an "outperform" rating and a $133.00 target price for the company. Telsey Advisory Group reaffirmed an "outperform" rating and set a $150.00 target price on shares of TJX Companies in a research note on Wednesday, August 13th. Finally, Loop Capital set a $150.00 target price on shares of TJX Companies and gave the stock a "buy" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $141.33.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction 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 transaction, the director owned 22,712 shares in the company, valued at $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.13% of the stock is owned by company insiders.

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.