Baird Financial Group Inc. Has $678.71 Million Stake in The TJX Companies, Inc. $TJX

Baird Financial Group Inc. boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,479,945 shares of the apparel and home fashions retailer's stock after buying an additional 121,750 shares during the quarter. TJX Companies makes up approximately 0.9% of Baird Financial Group Inc.'s portfolio, making the stock its 24th biggest position. Baird Financial Group Inc. owned 0.41% of TJX Companies worth $678,712,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in TJX. One Charles Private Wealth Services LLC grew its holdings in TJX Companies by 21.5% during the 2nd quarter. One Charles Private Wealth Services LLC now owns 1,923 shares of the apparel and home fashions retailer's stock worth $291,000 after acquiring an additional 340 shares during the period. Stableford Capital II LLC lifted its stake in shares of TJX Companies by 9.8% in the 2nd quarter. Stableford Capital II LLC now owns 6,736 shares of the apparel and home fashions retailer's stock valued at $1,021,000 after purchasing an additional 599 shares during the period. BayBridge Capital Group LLC boosted its position in shares of TJX Companies by 1.1% during the 2nd quarter. BayBridge Capital Group LLC now owns 12,161 shares of the apparel and home fashions retailer's stock valued at $1,842,000 after purchasing an additional 136 shares in the last quarter. Arizona State Retirement System boosted its position in shares of TJX Companies by 0.9% during the 2nd quarter. Arizona State Retirement System now owns 307,119 shares of the apparel and home fashions retailer's stock valued at $46,529,000 after purchasing an additional 2,833 shares in the last quarter. Finally, West Family Investments Inc. grew its stake in TJX Companies by 37.7% during the second quarter. West Family Investments Inc. now owns 5,145 shares of the apparel and home fashions retailer's stock worth $779,000 after purchasing an additional 1,409 shares during the period. Institutional investors own 91.09% of the company's stock.

Insider Activity at TJX Companies

In other news, Director Jackwyn Nemerov sold 957 shares of the firm's stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total value of $161,340.63. Following the transaction, the director owned 802 shares in the company, valued at $135,209.18. This trade represents a 54.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Erste Group Bank cut TJX Companies from a "buy" rating to a "hold" rating in a report on Wednesday, July 15th. UBS Group reiterated a "buy" rating and set a $198.00 target price (up from $197.00) on shares of TJX Companies in a research report on Thursday, August 20th. Weiss Ratings lowered shares of TJX Companies from a "buy (b+)" rating to a "buy (b)" rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. raised their price target on shares of TJX Companies from $173.00 to $174.00 and gave the stock an "overweight" rating in a report on Monday, May 18th. Finally, Robert W. Baird lifted their price target on shares of TJX Companies from $172.00 to $175.00 and gave the company an "outperform" rating in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $171.63.

TJX Companies Price Performance

Shares of TJX opened at $128.66 on Wednesday. The TJX Companies, Inc. has a 12-month low of $128.37 and a 12-month high of $170.00. The business's fifty day moving average is $149.18 and its 200 day moving average is $154.97. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. The stock has a market cap of $141.53 billion, a P/E ratio of 23.78, a P/E/G ratio of 2.38 and a beta of 0.60.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.03. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The business had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter last year, the firm posted $1.10 EPS. TJX Companies's revenue was up 5.4% compared to the same quarter last year. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. Sell-side analysts anticipate that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

About TJX Companies

The TJX Companies, Inc is an off-price retailer specializing in apparel and home fashions. The company sells brand-name, designer and other merchandise at prices generally below those of full-price retailers. Its product assortment includes women's, men's and children's clothing, footwear, accessories, beauty products, home furnishings, decor and other household goods.

TJX operates through a portfolio of retail banners, including T.J. Maxx, Marshalls, HomeGoods, Sierra and Homesense in the United States; Winners, HomeSense and Marshalls in Canada; and TK Maxx and Homesense in Europe and Australia.

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