Engineers Gate Manager LP Increases Stock Position in The TJX Companies, Inc. $TJX

Key Points

• Engineers Gate Manager LP increased its TJX Companies position by 179% in the second quarter, bringing its holdings to 58,683 shares valued at approximately $8.89 million. Institutional investors collectively own 91.09% of TJX stock.
• TJX reported quarterly EPS of $1.22, exceeding the $1.19 consensus estimate, while revenue rose 5.4% year over year to $15.18 billion. The company issued fiscal 2027 EPS guidance of $5.15–$5.20.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $171.63, although some firms recently downgraded the stock or reduced their targets.

Engineers Gate Manager LP increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 179.0% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 58,683 shares of the apparel and home fashions retailer's stock after purchasing an additional 37,650 shares during the period. Engineers Gate Manager LP's holdings in TJX Companies were worth $8,890,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Danske Bank A S purchased a new stake in TJX Companies during the second quarter valued at approximately $829,000. J.Safra Asset Management Corp increased its position in shares of TJX Companies by 78.3% during the fourth 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 purchasing an additional 2,989 shares in the last quarter. Bluedoor Private Wealth LLC acquired a new position in shares of TJX Companies during the fourth quarter worth $2,559,000. Man Group plc purchased a new stake in shares of TJX Companies during the 2nd quarter valued at $217,422,000. Finally, Sigma Planning Corp lifted its holdings in shares of TJX Companies by 82.0% during the 2nd quarter. Sigma Planning Corp now owns 20,903 shares of the apparel and home fashions retailer's stock valued at $3,167,000 after purchasing an additional 9,417 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

Shares of TJX opened at $126.44 on Friday. The stock has a 50-day moving average of $148.12 and a two-hundred day moving average of $154.53. The TJX Companies, Inc. has a one year low of $125.56 and a one year high of $170.00. 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 stock has a market cap of $139.08 billion, a P/E ratio of 23.37, a P/E/G ratio of 2.27 and a beta of 0.60.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The firm had revenue of $15.18 billion during the quarter, compared to analysts' expectations of $15.16 billion. During the same period last year, the business posted $1.10 earnings per share. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. 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. As a group, research analysts predict that The TJX Companies, Inc. will post 5.22 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on TJX. BTIG Research restated a "buy" rating and set a $190.00 target price on shares of TJX Companies in a research note on Thursday, August 20th. Guggenheim set a $152.00 price target on TJX Companies in a research note on Monday, August 31st. Jefferies Financial Group downgraded TJX Companies from a "buy" rating to a "hold" rating and lowered their price target for the stock from $180.00 to $145.00 in a report on Wednesday, August 26th. Sanford C. Bernstein restated an "outperform" rating and set a $175.00 price target on shares of TJX Companies in a research note on Tuesday, August 25th. Finally, Erste Group Bank downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $171.63.

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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