Concord Asset Management LLC VA Has $1.80 Million Stock Position in The TJX Companies, Inc. $TJX

Key Points

• Concord Asset Management LLC VA increased its stake in The TJX Companies by 19.2% during the second quarter, now owning 14,567 shares valued at approximately $1.8 million.
• Multiple institutional investors have also boosted their positions in TJX Companies, with 91.09% of the stock currently owned by institutional investors.
• Analysts have given a generally positive outlook, with an average target price of $147.63 and 22 "buy" ratings issued, reflecting confidence in the company's performance.

Concord Asset Management LLC VA grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 19.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,567 shares of the apparel and home fashions retailer's stock after purchasing an additional 2,345 shares during the quarter. Concord Asset Management LLC VA's holdings in TJX Companies were worth $1,799,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Sequoia Financial Advisors LLC increased its position in TJX Companies by 5.8% during the second quarter. Sequoia Financial Advisors LLC now owns 210,474 shares of the apparel and home fashions retailer's stock worth $25,991,000 after buying an additional 11,447 shares during the last quarter. Vest Financial LLC boosted its stake in shares of TJX Companies by 35.3% during the 2nd quarter. Vest Financial LLC now owns 13,923 shares of the apparel and home fashions retailer's stock worth $1,719,000 after acquiring an additional 3,634 shares in the last quarter. MGO One Seven LLC boosted its stake in shares of TJX Companies by 15.3% during the 2nd quarter. MGO One Seven LLC now owns 51,987 shares of the apparel and home fashions retailer's stock worth $6,420,000 after acquiring an additional 6,881 shares in the last quarter. Welch Group LLC increased its holdings in shares of TJX Companies by 4.4% during the 2nd quarter. Welch Group LLC now owns 71,935 shares of the apparel and home fashions retailer's stock valued at $8,883,000 after acquiring an additional 3,031 shares during the last quarter. Finally, Ellis Investment Partners LLC raised its stake in shares of TJX Companies by 1.3% in the 2nd quarter. Ellis Investment Partners LLC now owns 10,042 shares of the apparel and home fashions retailer's stock valued at $1,240,000 after acquiring an additional 126 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Citigroup upped their target price on TJX Companies from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Erste Group Bank assumed coverage on shares of TJX Companies in a research note on Friday, September 5th. They issued a "buy" rating for the company. Barclays upped their price objective on shares of TJX Companies from $147.00 to $155.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Daiwa Capital Markets initiated coverage on shares of TJX Companies in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 target price on the stock. Finally, Weiss Ratings reissued a "buy (b+)" rating on shares of TJX Companies in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $147.63.

TJX Companies Trading Up 1.3%

TJX Companies stock opened at $140.38 on Monday. The business has a 50 day moving average price of $138.07 and a two-hundred day moving average price of $130.24. 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 TJX Companies, Inc. has a 12 month low of $111.73 and a 12 month high of $145.58. The stock has a market cap of $156.23 billion, a price-to-earnings ratio of 31.98, a price-to-earnings-growth ratio of 3.12 and a beta of 0.92.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. The business had revenue of $14.40 billion for 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%.TJX Companies's quarterly revenue was up 6.9% on a year-over-year basis. During the same period 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 forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

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

About TJX Companies

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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