Amundi Grows Stock Position in The TJX Companies, Inc. $TJX

Key Points

• Amundi increased its shareholding in The TJX Companies by 10.2% during the first quarter, owning nearly 1.06% of the company with shares valued at approximately $1.49 billion.
• Multiple institutional investors, including TCTC Holdings and Atlantic Edge, significantly raised their positions in TJX Companies, highlighting strong hedge fund interest with institutional ownership at 91.09%.
• TJX Companies reported earnings of $1.10 per share for the last quarter, exceeding expectations, and announced a quarterly dividend of $0.425 per share with a yield of 1.2%.

Amundi grew its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 10.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,888,455 shares of the apparel and home fashions retailer's stock after acquiring an additional 1,104,292 shares during the quarter. Amundi owned about 1.06% of TJX Companies worth $1,489,305,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. TCTC Holdings LLC lifted 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 lifted 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 increased its stake 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 acquiring an additional 149 shares during the last quarter. Inlight Wealth Management LLC acquired a new stake in TJX Companies during the first quarter worth $37,000. Finally, Activest Wealth Management increased its stake 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 acquiring an additional 314 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on TJX shares. Daiwa America raised TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. Sanford C. Bernstein raised their price objective on TJX Companies from $145.00 to $152.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. TD Securities raised their price objective on TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. Finally, Macquarie reissued a "buy" rating on shares of TJX Companies in a research report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, TJX Companies currently has a consensus rating of "Buy" and a consensus target price of $147.58.

TJX Companies Trading Up 1.3%

Shares of NYSE TJX opened at $138.35 on Wednesday. The TJX Companies, Inc. has a twelve month low of $111.22 and a twelve month high of $145.58. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $128.86 and a 200-day simple moving average of $126.06. The stock has a market capitalization of $154.55 billion, a PE ratio of 31.51, a PEG ratio of 3.07 and a beta of 0.90.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The business had revenue of $14.40 billion during the quarter, compared to analysts' expectations of $14.12 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The company's revenue was up 6.9% on a year-over-year basis. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's payout ratio is presently 38.72%.

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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