Argus Investors Counsel Inc. Raises Position in The TJX Companies, Inc. $TJX

Key Points

• Argus Investors Counsel Inc. increased its position in The TJX Companies, Inc. by 71.2% during the second quarter, owning 9,612 shares worth approximately $1,187,000.
• Multiple large investors, including Nuveen LLC and GAMMA Investing LLC, have significantly increased their stakes in TJX, with institutional investors now holding 91.09% of the company’s stock.
• The company recently declared a quarterly dividend of $0.425, which will be paid on December 4th, representing an annual yield of 1.2%.

Argus Investors Counsel Inc. boosted its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 71.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,612 shares of the apparel and home fashions retailer's stock after buying an additional 3,997 shares during the quarter. Argus Investors Counsel Inc.'s holdings in TJX Companies were worth $1,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new position in TJX Companies during the 1st quarter valued at about $1,330,717,000. GAMMA Investing LLC raised its stake in shares of TJX Companies by 14,486.1% during the first quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock valued at $354,696,000 after acquiring an additional 2,892,151 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of TJX Companies by 65.8% during the first quarter. Assenagon Asset Management S.A. now owns 3,282,351 shares of the apparel and home fashions retailer's stock worth $399,790,000 after purchasing an additional 1,302,845 shares in the last quarter. Amundi raised its position in shares of TJX Companies by 10.2% in the first quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer's stock worth $1,489,305,000 after acquiring an additional 1,104,292 shares during the period. Finally, Vanguard Group Inc. raised its holdings in TJX Companies by 1.1% in 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 acquiring an additional 1,099,129 shares during the last quarter. Institutional investors own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Evercore ISI lifted their price objective on shares of TJX Companies from $150.00 to $162.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Barclays increased their target price on shares of TJX Companies from $147.00 to $155.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Sanford C. Bernstein raised their target price on shares of TJX Companies from $145.00 to $152.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. UBS Group boosted their target price on shares of TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Finally, Erste Group Bank assumed coverage on shares of TJX Companies in a research report on Friday, September 5th. They issued a "buy" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $147.58.

TJX Companies Stock Performance

Shares of TJX stock opened at $143.09 on Friday. The TJX Companies, Inc. has a one year low of $111.22 and a one year high of $145.58. 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 market capitalization of $159.25 billion, a price-to-earnings ratio of 32.60, a PEG ratio of 3.22 and a beta of 0.90. The company's 50-day simple moving average is $134.77 and its 200-day simple moving average is $128.39.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data 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 net margin of 8.59% and a return on equity of 58.63%. The company had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. The business's revenue was up 6.9% compared to the same quarter last year. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. Equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.70 dividend on an annualized basis and a yield of 1.2%. TJX Companies's dividend payout ratio (DPR) 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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