AQR Capital Management LLC Has $183.28 Million Holdings in The TJX Companies, Inc. $TJX

Key Points

• AQR Capital Management LLC increased its stake in The TJX Companies, Inc. by 72.6%, now holding $183.28 million in shares.
• In its latest earnings report, TJX Companies exceeded expectations with an EPS of $1.10, along with a year-over-year revenue increase of 6.9% to $14.40 billion.
• The company declared a quarterly dividend of $0.425, representing a 1.2% annualized yield, with a payout ratio of 38.72%.

AQR Capital Management LLC lifted its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 72.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,543,179 shares of the apparel and home fashions retailer's stock after buying an additional 649,059 shares during the period. AQR Capital Management LLC owned about 0.14% of TJX Companies worth $183,276,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in TJX Companies by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer's stock valued at $12,230,396,000 after purchasing an additional 1,099,129 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in TJX Companies by 0.3% during the 1st quarter. Ameriprise Financial Inc. now owns 13,068,312 shares of the apparel and home fashions retailer's stock valued at $1,591,758,000 after purchasing an additional 35,800 shares in the last quarter. Royal Bank of Canada increased its holdings 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 valued at $1,486,074,000 after purchasing an additional 1,403,561 shares in the last quarter. Amundi increased its holdings in TJX Companies by 10.2% during the 1st quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer's stock valued at $1,489,305,000 after purchasing an additional 1,104,292 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in TJX Companies during the 1st quarter valued at $1,330,717,000. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Up 0.5%

NYSE:TJX opened at $139.33 on Thursday. The TJX Companies, Inc. has a 12-month low of $111.22 and a 12-month high of $145.58. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $155.65 billion, a P/E ratio of 31.74, a P/E/G ratio of 3.07 and a beta of 0.90. The stock's fifty day simple moving average is $129.19 and its 200-day simple moving average is $126.15.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $14.12 billion. During the same period last year, the company earned $0.96 EPS. The firm'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. Equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is currently 38.72%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Daiwa Capital Markets assumed coverage on TJX Companies in a report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price target for the company. JPMorgan Chase & Co. increased their price objective on TJX Companies from $145.00 to $148.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Wells Fargo & Company increased their price objective on TJX Companies from $120.00 to $130.00 and gave the company an "equal weight" rating in a research report on Thursday, August 21st. Robert W. Baird increased their price objective on TJX Companies from $143.00 to $152.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Finally, Bank of America increased their price objective on TJX Companies from $145.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, TJX Companies currently has an average rating of "Buy" and an average target price of $147.58.

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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