Avanza Fonder AB Acquires 4,230 Shares of The TJX Companies, Inc. $TJX

Key Points

• Avanza Fonder AB increased its holdings in The TJX Companies, Inc. by 4.0%, purchasing an additional 4,230 shares during the second quarter, bringing its total to 110,326 shares worth approximately $13.62 million.
• Recent analyst reports have raised price targets for TJX stock, with major firms setting targets between $145.00 and $155.00 and a consensus rating of "Buy" from twenty-one analysts.
• The TJX Companies announced a quarterly dividend of $0.425, with an annualized yield of 1.2% and a payout ratio of 38.72%, to be paid on December 4th.

Avanza Fonder AB raised its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 110,326 shares of the apparel and home fashions retailer's stock after purchasing an additional 4,230 shares during the quarter. Avanza Fonder AB's holdings in TJX Companies were worth $13,624,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Sowell Financial Services LLC raised its stake in shares of TJX Companies by 1.9% in the 2nd quarter. Sowell Financial Services LLC now owns 8,847 shares of the apparel and home fashions retailer's stock valued at $1,093,000 after acquiring an additional 163 shares during the period. Petredis Investment Advisors LLC increased its position in shares of TJX Companies by 1.4% in the 2nd quarter. Petredis Investment Advisors LLC now owns 55,982 shares of the apparel and home fashions retailer's stock worth $6,913,000 after purchasing an additional 752 shares during the last quarter. Arthur M. Cohen & Associates LLC increased its position in shares of TJX Companies by 6.2% in the 2nd quarter. Arthur M. Cohen & Associates LLC now owns 2,734 shares of the apparel and home fashions retailer's stock worth $338,000 after purchasing an additional 160 shares during the last quarter. BTC Capital Management Inc. increased its position in shares of TJX Companies by 12.3% in the 2nd quarter. BTC Capital Management Inc. now owns 103,404 shares of the apparel and home fashions retailer's stock worth $12,687,000 after purchasing an additional 11,311 shares during the last quarter. Finally, Orrstown Financial Services Inc. lifted its holdings in TJX Companies by 5.7% in the second quarter. Orrstown Financial Services Inc. now owns 13,015 shares of the apparel and home fashions retailer's stock worth $1,607,000 after acquiring an additional 699 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Macquarie restated a "buy" rating on shares of TJX Companies in a research note on Monday, August 11th. Telsey Advisory Group reissued an "outperform" rating and set a $155.00 target price (up from $150.00) on shares of TJX Companies in a research note on Wednesday, August 20th. Morgan Stanley upped their price objective on shares of TJX Companies from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Robert W. Baird raised their target price on shares of TJX Companies from $143.00 to $152.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Finally, Bank of America upped their price target on shares of TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. One 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's stock. According to data from MarketBeat.com, TJX Companies presently has an average rating of "Buy" and a consensus target price of $147.58.

TJX Companies Price Performance

Shares of TJX Companies stock traded down $0.34 during trading on Monday, hitting $139.44. 3,683,147 shares of the company's stock traded hands, compared to its average volume of 5,308,948. The firm's fifty day moving average price is $132.91 and its 200 day moving average price is $127.63. The TJX Companies, Inc. has a twelve month low of $111.22 and a twelve month high of $145.58. The company has a market cap of $155.19 billion, a PE ratio of 31.76, a PEG ratio of 3.14 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. The company had revenue of $14.40 billion during the quarter, compared to analysts' expectations of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The business's revenue was up 6.9% on a year-over-year basis. During the same period last year, the business earned $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. Analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be paid a $0.425 dividend. The ex-dividend date is Thursday, November 13th. This represents a $1.70 annualized dividend and a yield of 1.2%. 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.