Covea Finance Purchases 80,600 Shares of The TJX Companies, Inc. $TJX

Key Points

• Covea Finance increased its stake in The TJX Companies by 40.1%, acquiring 80,600 additional shares, bringing its total shares to 281,468, valued at approximately $34.76 million.
• Several large investors, including TCTC Holdings and Activest Wealth Management, have significantly increased their stakes in TJX, indicating strong institutional interest with 91.09% of the stock owned by institutional investors.
• Analysts have increased their price targets for TJX, with UBS raising it from $164 to $172, and an overall average price target set at $147.58, reflecting positive sentiment on the stock's performance.

Covea Finance grew its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 40.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 281,468 shares of the apparel and home fashions retailer's stock after buying an additional 80,600 shares during the quarter. TJX Companies makes up about 1.3% of Covea Finance's investment portfolio, making the stock its 24th biggest position. Covea Finance's holdings in TJX Companies were worth $34,758,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. TCTC Holdings LLC grew its stake in shares of TJX Companies by 210.1% during the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after purchasing an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC grew its stake in shares of TJX Companies by 58.8% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after purchasing an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC grew its stake in shares of TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after purchasing an additional 149 shares during the last quarter. Inlight Wealth Management LLC acquired a new position in TJX Companies in the first quarter valued at approximately $37,000. Finally, Activest Wealth Management lifted its holdings in TJX Companies by 4,485.7% in the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock valued at $39,000 after buying an additional 314 shares during the period. 91.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TJX. UBS Group increased their price objective on shares of TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Wells Fargo & Company increased their target price on shares of TJX Companies from $120.00 to $130.00 and gave the stock an "equal weight" rating in a report on Thursday, August 21st. Barclays increased their target price 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 America upgraded shares of TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Macquarie reiterated a "buy" rating on shares of TJX Companies in a report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $147.58.

TJX Companies Stock Down 0.2%

Shares of TJX stock opened at $139.44 on Tuesday. The firm's fifty day moving average price is $133.23 and its two-hundred day moving average price is $127.78. The TJX Companies, Inc. has a 1 year low of $111.22 and a 1 year high of $145.58. The firm has a market capitalization of $155.19 billion, a P/E ratio of 31.76, a PEG ratio of 3.14 and a beta of 0.90. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The company had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter last year, the firm posted $0.96 EPS. The company's quarterly revenue was up 6.9% on a year-over-year basis. 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, equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be given a $0.425 dividend. 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 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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