The TJX Companies, Inc. $TJX Stock Position Raised by Brooklyn Investment Group

Key Points

• Brooklyn Investment Group increased its holdings in The TJX Companies by 65.8%, acquiring an additional 3,168 shares, bringing its total to 7,983 shares valued at approximately $972,000.
• Multiple analysts issued positive ratings for TJX, with TD Securities raising their price target from $140 to $142, and Citigroup upgrading the stock from "neutral" to "buy".
• TJX announced a quarterly dividend of $0.425, set to be paid on September 4th, representing an annualized yield of 1.3% and a dividend payout ratio of 40%.

Brooklyn Investment Group increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 65.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,983 shares of the apparel and home fashions retailer's stock after acquiring an additional 3,168 shares during the quarter. Brooklyn Investment Group's holdings in TJX Companies were worth $972,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in TJX. Vanguard Group Inc. grew its stake in TJX Companies by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer's stock worth $12,230,396,000 after buying an additional 1,099,129 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of TJX Companies by 15.2% in the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock valued at $1,689,628,000 after acquiring an additional 1,845,225 shares during the period. Royal Bank of Canada boosted its holdings in shares of TJX Companies by 12.9% in the fourth quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock valued at $1,486,074,000 after acquiring an additional 1,403,561 shares during the period. Nuveen LLC purchased a new position in shares of TJX Companies during the first quarter worth approximately $1,330,717,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of TJX Companies by 10.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,187,824 shares of the apparel and home fashions retailer's stock valued at $1,230,791,000 after acquiring an additional 1,005,260 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Stock Performance

Shares of NYSE:TJX traded down $0.9210 during midday trading on Thursday, hitting $137.3490. The stock had a trading volume of 6,954,479 shares, compared to its average volume of 5,364,848. The company has a market capitalization of $153.43 billion, a PE ratio of 32.32, a P/E/G ratio of 3.14 and a beta of 0.89. The TJX Companies, Inc. has a 1 year low of $111.22 and a 1 year high of $145.58. The stock has a 50 day moving average price of $126.48 and a two-hundred day moving average price of $125.31. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, topping 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 net margin of 8.47% and a return on equity of 58.81%. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business 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. As a group, equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a $0.425 dividend. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. TJX Companies's payout ratio is presently 40.00%.

Insider Buying and Selling at TJX Companies

In other 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 value of $121,685.50. Following the completion of the sale, the director owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.13% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Morgan Stanley upped their price target on shares of TJX Companies from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Sanford C. Bernstein lifted their price objective on shares of TJX Companies from $145.00 to $152.00 and gave the company an "outperform" rating in a research note on Thursday. UBS Group lifted their price objective on shares of TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Daiwa Capital Markets started coverage on shares of TJX Companies in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $147.58.

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.