Bleakley Financial Group LLC Has $3.23 Million Stake in The TJX Companies, Inc. $TJX

Key Points

• Blaekley Financial Group LLC increased its stake in The TJX Companies, Inc. by 18.9%, now holding shares worth $3.23 million as of their latest SEC filing.
• Analysts have a strong sentiment on TJX Companies, with twenty-three "Buy" ratings and a current average price target of $148.50.
• The company reported $1.10 EPS for the last quarter, exceeding estimates, and announced a dividend of $0.425 per share, with a yield of 1.2%.

Bleakley Financial Group LLC increased its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 18.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,142 shares of the apparel and home fashions retailer's stock after purchasing an additional 4,149 shares during the period. Bleakley Financial Group LLC's holdings in TJX Companies were worth $3,228,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of TJX Companies by 1.1% in the first 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 purchasing an additional 1,099,129 shares in the last quarter. Ameriprise Financial Inc. raised its position in TJX Companies by 0.3% in the 1st quarter. Ameriprise Financial Inc. now owns 13,068,312 shares of the apparel and home fashions retailer's stock valued at $1,591,758,000 after buying an additional 35,800 shares during the last quarter. Amundi lifted its stake in TJX Companies by 10.2% in the 1st quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer's stock valued at $1,489,305,000 after acquiring an additional 1,104,292 shares in the last quarter. Nuveen LLC acquired a new position in TJX Companies during the 1st quarter worth approximately $1,330,717,000. Finally, Invesco Ltd. grew its stake in shares of TJX Companies by 2.8% during the 1st quarter. Invesco Ltd. now owns 9,000,600 shares of the apparel and home fashions retailer's stock worth $1,096,273,000 after acquiring an additional 247,579 shares in the last quarter. Institutional investors own 91.09% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Erste Group Bank started coverage on shares of TJX Companies in a research report on Friday, September 5th. They issued a "buy" rating on the stock. Bank of America boosted their price target on shares of TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Morgan Stanley increased their price objective on shares of TJX Companies from $140.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Citigroup lifted their target price on TJX Companies from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Finally, Sanford C. Bernstein increased their price target on TJX Companies from $145.00 to $152.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, TJX Companies presently has an average rating of "Buy" and an average price target of $148.50.

TJX Companies Price Performance

Shares of NYSE TJX opened at $142.32 on Friday. 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 business's 50 day moving average price is $140.12 and its two-hundred day moving average price is $131.44. The company has a market cap of $158.39 billion, a PE ratio of 32.42, a price-to-earnings-growth ratio of 3.18 and a beta of 0.92. The TJX Companies, Inc. has a twelve month low of $111.73 and a twelve month high of $146.46.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $1.01 by $0.09. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The company had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the previous year, the company posted $0.96 EPS. The firm's revenue for the quarter 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, analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be paid 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 is Thursday, November 13th. TJX Companies's dividend payout ratio (DPR) is currently 38.72%.

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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