Geneos Wealth Management Inc. Grows Stake in The TJX Companies, Inc. $TJX

Key Points

• Geneos Wealth Management Inc. increased its stake in The TJX Companies, Inc. by 42.0% in the 1st quarter, holding 8,201 shares valued at $999,000.
• Several institutional investors also expanded their positions in TJX, with notable increases, including TCTC Holdings LLC which grew its stake by 210.1%.
• TJX Companies reported $1.10 earnings per share for the last quarter, exceeding analysts' expectations, while securing a consensus rating of "Buy" from 21 out of 23 analysts.

Geneos Wealth Management Inc. increased its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 42.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,201 shares of the apparel and home fashions retailer's stock after acquiring an additional 2,424 shares during the period. Geneos Wealth Management Inc.'s holdings in TJX Companies were worth $999,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TJX. TCTC Holdings LLC grew its position in TJX Companies by 210.1% in the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock worth $26,000 after acquiring an additional 145 shares in the last quarter. Atlantic Edge Private Wealth Management LLC grew its position in TJX Companies by 58.8% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after acquiring an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC grew its position in TJX Companies by 99.3% in the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after acquiring an additional 149 shares in the last quarter. Inlight Wealth Management LLC purchased a new position in shares of TJX Companies during the first quarter valued at approximately $37,000. Finally, Activest Wealth Management grew its stake in shares of TJX Companies by 4,485.7% during 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 last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Stock Down 0.9%

TJX Companies stock opened at $139.55 on Friday. The business has a fifty day moving average of $131.39 and a two-hundred day moving average of $126.99. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The firm has a market cap of $155.31 billion, a P/E ratio of 31.79, a P/E/G ratio of 3.17 and a beta of 0.90. The TJX Companies, Inc. has a twelve month low of $111.22 and a twelve month 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 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.09. The company had revenue of $14.40 billion during the quarter, compared to analyst estimates of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.TJX Companies's revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 earnings per share. 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 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TJX. UBS Group upped their target price on TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Wells Fargo & Company increased their price objective on TJX Companies from $120.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 21st. Telsey Advisory Group reissued an "outperform" rating and issued a $155.00 price objective (up previously from $150.00) on shares of TJX Companies in a research note on Wednesday, August 20th. Finally, Cowen reissued a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $147.58.

TJX Companies Company 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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