Exchange Traded Concepts LLC Increases Position in The TJX Companies, Inc. $TJX

Key Points

• Exchange Traded Concepts LLC increased its holdings in The TJX Companies by 100.8%, owning nearly 50,000 shares valued at approximately $6.17 million at the end of the second quarter.
• The TJX Companies reported $1.10 earnings per share for the last quarter, exceeding expectations, with a revenue of $14.40 billion, up 6.9% year-over-year.
• The company declared a quarterly dividend of $0.425 per share, with an annualized yield of 1.2%, reflecting its strong financial performance and commitment to returning value to shareholders.

Exchange Traded Concepts LLC increased its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 100.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 49,953 shares of the apparel and home fashions retailer's stock after purchasing an additional 25,078 shares during the quarter. Exchange Traded Concepts LLC's holdings in TJX Companies were worth $6,169,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in TJX. Brighton Jones LLC grew its holdings in shares of TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock worth $1,817,000 after purchasing an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after purchasing an additional 235 shares during the period. Bison Wealth LLC raised its position in TJX Companies by 32.9% during the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer's stock valued at $466,000 after purchasing an additional 955 shares during the last quarter. Woodline Partners LP bought a new position in shares of TJX Companies during the fourth quarter valued at approximately $8,183,000. Finally, Cornerstone Advisory LLC boosted its holdings in TJX Companies by 5.5% in the fourth quarter. Cornerstone Advisory LLC now owns 1,921 shares of the apparel and home fashions retailer's stock valued at $239,000 after acquiring an additional 100 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Bank of America raised their price objective on shares of TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Morgan Stanley lifted their price target on TJX Companies from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Sanford C. Bernstein increased their price objective on TJX Companies from $145.00 to $152.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Daiwa America raised shares of TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, Erste Group Bank initiated coverage on shares of TJX Companies in a research note on Friday, September 5th. They set a "buy" rating on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, TJX Companies presently has a consensus rating of "Buy" and an average target price of $147.58.

TJX Companies Price Performance

Shares of TJX traded down $0.22 during midday trading on Monday, hitting $139.56. 1,733,452 shares of the company traded hands, compared to its average volume of 5,297,684. The stock has a market cap of $155.32 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 3.14 and a beta of 0.90. The firm has a 50 day moving average of $132.91 and a 200-day moving average of $127.63. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17. The TJX Companies, Inc. has a 52 week low of $111.22 and a 52 week high of $145.58.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.09. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The company had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the previous year, the business earned $0.96 earnings per share. The firm's revenue for the quarter 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, analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. TJX Companies's dividend payout ratio is currently 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.