The TJX Companies, Inc. $TJX Shares Bought by Groupe la Francaise

Key Points

• Groupe la Francaise increased its stake in The TJX Companies, Inc. by 43.3% during the first quarter, now holding 96,368 shares valued at approximately $11.62 million.
• Brokerages including Morgan Stanley and UBS Group have raised their price targets for TJX, with a consensus price target now at $147.58 and a consensus rating of "Buy".
• The company reported quarterly earnings of $1.10 per share, exceeding expectations and indicating a revenue increase of 6.9% year-over-year.

Groupe la Francaise grew its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 43.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,368 shares of the apparel and home fashions retailer's stock after buying an additional 29,126 shares during the period. Groupe la Francaise's holdings in TJX Companies were worth $11,619,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Clear Creek Financial Management LLC raised its stake in TJX Companies by 1.8% in the 1st quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock valued at $586,000 after purchasing an additional 83 shares during the last quarter. Knuff & Co LLC boosted its stake in shares of TJX Companies by 8.5% during the 1st quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer's stock valued at $129,000 after buying an additional 83 shares during the last quarter. Salem Investment Counselors Inc. raised its position in shares of TJX Companies by 2.2% during the 1st quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock valued at $485,000 after acquiring an additional 86 shares in the last quarter. Financial Network Wealth Advisors LLC increased its holdings in shares of TJX Companies by 7.8% during the first quarter. Financial Network Wealth Advisors LLC now owns 1,207 shares of the apparel and home fashions retailer's stock valued at $147,000 after purchasing an additional 87 shares during the period. Finally, Amplius Wealth Advisors LLC boosted its stake in TJX Companies by 4.2% during the first quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock valued at $283,000 after buying an additional 93 shares in the last quarter. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Performance

Shares of NYSE:TJX traded up $1.14 during midday trading on Tuesday, hitting $136.64. The company had a trading volume of 6,523,400 shares, compared to its average volume of 5,371,269. The company has a fifty day moving average of $127.22 and a two-hundred day moving average of $125.55. The TJX Companies, Inc. has a 12-month low of $111.22 and a 12-month high of $145.58. The company has a market cap of $152.64 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 3.07 and a beta of 0.89. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data 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 for the quarter, compared to analyst estimates of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 EPS. 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 research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. TJX Companies's payout ratio is currently 38.72%.

Insider Transactions at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director directly owned 22,712 shares in the company, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.13% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TJX. Bank of America lifted their price target on TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Daiwa America upgraded TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. Sanford C. Bernstein lifted their price target on TJX Companies from $145.00 to $152.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Robert W. Baird boosted their price target on TJX Companies from $143.00 to $152.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Finally, JPMorgan Chase & Co. boosted their price objective on TJX Companies from $145.00 to $148.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, TJX Companies presently has a consensus rating of "Buy" and an average target price 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.