IFM Investors Pty Ltd Raises Position in The TJX Companies, Inc. $TJX

Key Points

• IFM Investors Pty Ltd increased its holdings in The TJX Companies, Inc. by 4.6% during the 2nd quarter, acquiring an additional 9,176 shares to reach a total of 210,555 shares valued at $26 million.
• The company reported earnings of $1.10 per share, exceeding analysts' expectations of $1.01, with a quarterly revenue increase of 6.9% year-over-year.
• TJX Companies has declared a quarterly dividend of $0.425 per share, with an annualized yield of 1.2%, set to be paid on December 4th.

IFM Investors Pty Ltd boosted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 210,555 shares of the apparel and home fashions retailer's stock after purchasing an additional 9,176 shares during the quarter. IFM Investors Pty Ltd's holdings in TJX Companies were worth $26,001,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. TCTC Holdings LLC boosted its position in shares of TJX Companies by 210.1% during the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after buying an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC raised its stake in shares of 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 valued at $36,000 after buying an additional 110 shares during the period. Iron Horse Wealth Management LLC raised its stake in shares of 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 valued at $36,000 after buying an additional 149 shares during the period. Inlight Wealth Management LLC bought a new stake in shares of TJX Companies during the 1st quarter valued at $37,000. Finally, Activest Wealth Management raised its stake in shares of TJX Companies by 4,485.7% during the 1st quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock valued at $39,000 after purchasing an additional 314 shares during the period. 91.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on TJX shares. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd. Wells Fargo & Company boosted their target price on TJX Companies from $120.00 to $130.00 and gave the company an "equal weight" rating in a research note on Thursday, August 21st. Citigroup upped their price target on TJX Companies from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Daiwa Capital Markets assumed coverage on TJX Companies in a research report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 target price for the company. Finally, Bank of America upped their price target on TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $147.58.

TJX Companies Trading Down 0.0%

TJX traded down $0.03 on Tuesday, hitting $139.38. The company had a trading volume of 724,769 shares, compared to its average volume of 5,283,696. The company has a market cap of $155.13 billion, a PE ratio of 31.75, a PEG ratio of 3.14 and a beta of 0.90. The TJX Companies, Inc. has a 12-month low of $111.22 and a 12-month high of $145.58. 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 business's fifty day simple moving average is $133.23 and its 200 day simple moving average is $127.78.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.09. The business 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%.The company's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous 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. Equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies's dividend payout ratio is presently 38.72%.

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.