FCG Investment Co Acquires New Stake in The TJX Companies, Inc. $TJX

Key Points

• FCG Investment Co acquired a new stake in The TJX Companies, purchasing 21,510 shares valued at approximately $2.62 million, making it the 16th largest holding in their portfolio.
• The TJX Companies reported a quarterly EPS of $0.92, surpassing analyst expectations, with a revenue of $13.11 billion, reflecting a 5.1% year-over-year increase.
• The company announced a quarterly dividend of $0.425 per share, representing an annualized dividend of $1.70 and a yield of 1.3%, payable on September 4th.

FCG Investment Co acquired a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,510 shares of the apparel and home fashions retailer's stock, valued at approximately $2,620,000. TJX Companies comprises 1.6% of FCG Investment Co's investment portfolio, making the stock its 16th biggest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of TJX. Nuveen LLC purchased a new stake in shares of TJX Companies in the first quarter worth approximately $1,330,717,000. GAMMA Investing LLC increased its position in shares of TJX Companies by 14,486.1% during the first quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock valued at $354,696,000 after acquiring an additional 2,892,151 shares during the last quarter. Capital Research Global Investors increased its position in shares of TJX Companies by 689.6% during the fourth quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock valued at $313,512,000 after acquiring an additional 2,266,415 shares during the last quarter. Northern Trust Corp increased its position in shares of TJX Companies by 15.2% during the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock valued at $1,689,628,000 after acquiring an additional 1,845,225 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of TJX Companies by 12.9% during the fourth quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock valued at $1,486,074,000 after acquiring an additional 1,403,561 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TJX has been the subject of a number of research analyst reports. Wells Fargo & Company reaffirmed an "equal weight" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. TD Securities raised their target price on TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. JPMorgan Chase & Co. raised their target price on TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Finally, Daiwa America raised TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $141.33.

Insider Buying and Selling at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the transaction, the director directly owned 22,712 shares in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.13% of the company's stock.

TJX Companies Stock Performance

Shares of NYSE TJX traded up $1.37 during mid-day trading on Tuesday, hitting $134.43. The company had a trading volume of 6,721,612 shares, compared to its average volume of 4,822,886. The company has a market capitalization of $150.17 billion, a price-to-earnings ratio of 31.63, a P/E/G ratio of 3.10 and a beta of 0.89. The TJX Companies, Inc. has a 1 year low of $111.22 and a 1 year high of $135.85. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The stock's 50-day moving average price is $126.21 and its 200-day moving average price is $125.23.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02. The company had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%.The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 earnings per share. TJX Companies has set its FY 2026 guidance at 4.340-4.430 EPS. Q2 2026 guidance at 0.970-1.000 EPS. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.3%. TJX Companies's payout ratio is 40.00%.

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.