Ascent Group LLC Grows Holdings in The TJX Companies, Inc. $TJX

Key Points

• Ascent Group LLC increased its stake in The TJX Companies by 108.5%, acquiring a total of 79,631 shares valued at approximately $9.7 million.
• TJX Companies reported earnings of $1.10 per share, exceeding analysts' expectations of $1.01, and experienced a revenue growth of 6.9% year-over-year.
• Analysts have set a new average price target for TJX shares at $147.58, with a consensus rating of "Buy" from 21 analysts.

Ascent Group LLC raised its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 108.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 79,631 shares of the apparel and home fashions retailer's stock after buying an additional 41,445 shares during the period. Ascent Group LLC's holdings in TJX Companies were worth $9,699,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC increased its holdings in TJX Companies by 1.8% during the 1st quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock valued at $586,000 after acquiring an additional 83 shares in the last quarter. Knuff & Co LLC grew its holdings in shares of TJX Companies by 8.5% during the first quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer's stock worth $129,000 after buying an additional 83 shares in the last quarter. Salem Investment Counselors Inc. grew its holdings in shares of TJX Companies by 2.2% during the first quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock worth $485,000 after buying an additional 86 shares in the last quarter. Financial Network Wealth Advisors LLC grew its holdings in shares of TJX Companies by 7.8% during the first quarter. Financial Network Wealth Advisors LLC now owns 1,207 shares of the apparel and home fashions retailer's stock worth $147,000 after buying an additional 87 shares in the last quarter. Finally, Amplius Wealth Advisors LLC grew its holdings in shares of TJX Companies by 4.2% during the first quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock worth $283,000 after buying an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Trading Down 1.2%

Shares of TJX stock opened at $139.30 on Monday. The stock has a market cap of $155.03 billion, a price-to-earnings ratio of 31.73, a price-to-earnings-growth ratio of 3.13 and a beta of 0.90. 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 TJX Companies, Inc. has a fifty-two week low of $111.22 and a fifty-two week high of $145.58. The firm's 50 day moving average price is $129.89 and its two-hundred day moving average price is $126.42.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results 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. The firm had revenue of $14.40 billion for the quarter, compared to analysts' expectations of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. TJX Companies's revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.96 earnings per share. 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, analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

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

Analysts Set New Price Targets

A number of brokerages have recently commented on TJX. Citigroup lifted their price target on shares of TJX Companies from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. Barclays boosted their target price on shares of TJX Companies from $147.00 to $155.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Cowen restated a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. Finally, TD Securities boosted their target price on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $147.58.

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.

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