Corient Private Wealth LP Acquires 182,282 Shares of The TJX Companies, Inc. $TJX

Key Points

• Corient Private Wealth increased its TJX Companies holdings by 8.4% in the second quarter, purchasing 182,282 shares and bringing its total position to 2.34 million shares worth approximately $354.9 million.
• Institutional investors own 91.09% of TJX’s stock, with several other firms also adding or initiating positions during recent quarters.
• TJX reported quarterly EPS of $1.22, beating estimates by $0.03, while revenue rose 5.4% year over year to $15.18 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $171.63.

Corient Private Wealth LP raised its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 8.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,342,257 shares of the apparel and home fashions retailer's stock after purchasing an additional 182,282 shares during the quarter. Corient Private Wealth LP owned approximately 0.21% of TJX Companies worth $354,852,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Danske Bank A S acquired a new position in TJX Companies during the 2nd quarter valued at about $829,000. J.Safra Asset Management Corp grew its position in shares of TJX Companies by 78.3% during the 4th quarter. J.Safra Asset Management Corp now owns 6,805 shares of the apparel and home fashions retailer's stock worth $1,045,000 after buying an additional 2,989 shares during the period. Bluedoor Private Wealth LLC acquired a new stake in shares of TJX Companies during the 4th quarter worth approximately $2,559,000. Man Group plc bought a new stake in shares of TJX Companies during the second quarter worth approximately $217,422,000. Finally, Sigma Planning Corp lifted its holdings in TJX Companies by 82.0% in the second quarter. Sigma Planning Corp now owns 20,903 shares of the apparel and home fashions retailer's stock valued at $3,167,000 after buying an additional 9,417 shares during the period. Institutional investors own 91.09% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on TJX shares. Erste Group Bank lowered shares of TJX Companies from a "buy" rating to a "hold" rating in a report on Wednesday, July 15th. Weiss Ratings downgraded TJX Companies from a "buy (b+)" rating to a "buy (b)" rating in a research note on Tuesday, July 21st. Truist Financial set a $190.00 price target on TJX Companies and gave the stock a "buy" rating in a research report on Thursday, May 21st. UBS Group reaffirmed a "buy" rating and set a $198.00 price objective (up from $197.00) on shares of TJX Companies in a research note on Thursday, August 20th. Finally, Evercore reiterated an "outperform" rating and issued a $173.00 price objective on shares of TJX Companies in a report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, TJX Companies presently has an average rating of "Moderate Buy" and a consensus price target of $171.63.

TJX Companies Trading Up 0.3%

TJX opened at $126.44 on Friday. The firm's fifty day moving average is $148.12 and its two-hundred day moving average is $154.53. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15. The firm has a market cap of $139.08 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 2.27 and a beta of 0.60. The TJX Companies, Inc. has a twelve month low of $125.56 and a twelve month high of $170.00.

TJX Companies (NYSE:TJX - Get Free Report) last announced 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 company had revenue of $15.18 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same quarter in the previous year, the business earned $1.10 EPS. The firm's revenue was up 5.4% on a year-over-year basis. 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. Equities research analysts anticipate that The TJX Companies, Inc. will post 5.22 EPS for the current year.

TJX Companies Company Profile

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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