Axiom Investors LLC DE Has $5.58 Million Holdings in The TJX Companies, Inc. $TJX

Key Points

• Axiom Investors LLC DE increased its holdings in The TJX Companies, Inc. by 7.0% during the first quarter, bringing their total investment to approximately $5.58 million.
• Institutional investors own 91.09% of the company's stock, indicating strong confidence from large financial entities.
• The TJX Companies recently reported better-than-expected quarterly earnings of $1.10 per share, surpassing analyst estimates by $0.09.

Axiom Investors LLC DE lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 7.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,802 shares of the apparel and home fashions retailer's stock after buying an additional 3,014 shares during the quarter. Axiom Investors LLC DE's holdings in TJX Companies were worth $5,579,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Clear Creek Financial Management LLC increased its position in shares of TJX Companies by 1.8% during the first quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock worth $586,000 after buying an additional 83 shares during the period. Knuff & Co LLC increased its position 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 during the period. Salem Investment Counselors Inc. grew its holdings in TJX Companies by 2.2% in 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 purchasing an additional 86 shares during the period. Financial Network Wealth Advisors LLC grew its holdings in TJX Companies by 7.8% in 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 purchasing an additional 87 shares during the period. Finally, Amplius Wealth Advisors LLC grew its holdings in TJX Companies by 4.2% in 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 purchasing an additional 93 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director directly owned 22,712 shares in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on TJX shares. Daiwa Capital Markets started coverage on shares of TJX Companies in a report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price target for the company. Bank of America raised their price target on shares of TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday. Wells Fargo & Company raised their price target on shares of TJX Companies from $120.00 to $130.00 and gave the stock an "equal weight" rating in a report on Thursday. Macquarie restated a "buy" rating on shares of TJX Companies in a report on Monday, August 11th. Finally, Morgan Stanley raised their price target on shares of TJX Companies from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday. One research 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $147.58.

TJX Companies Stock Down 0.8%

TJX Companies stock opened at $136.3790 on Friday. The TJX Companies, Inc. has a 1-year low of $111.22 and a 1-year high of $145.58. The firm has a market capitalization of $152.35 billion, a price-to-earnings ratio of 31.07, a price-to-earnings-growth ratio of 3.12 and a beta of 0.89. The firm's fifty day moving average price is $127.00 and its two-hundred day moving average price is $125.48. The company has a current ratio of 1.17, a quick ratio of 0.51 and a debt-to-equity ratio of 0.32.

TJX Companies (NYSE:TJX - Get Free Report) last released 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 net margin of 8.59% and a return on equity of 58.63%. The firm had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period last year, the firm earned $0.96 earnings per share. The business's quarterly 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. On average, equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be 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 is Thursday, August 14th. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.