Integrated Wealth Concepts LLC Acquires 19,123 Shares of The TJX Companies, Inc. $TJX

Key Points

• Integrated Wealth Concepts LLC increased its TJX Companies stake by 38.1% in the second quarter, adding 19,123 shares for a total of 69,286 shares valued at approximately $10.5 million.
• Institutional ownership remains high at 91.09%, with major investors including California State Teachers Retirement System, BlackRock, Bank of America and Norges Bank making significant position changes.
• TJX beat quarterly earnings and revenue expectations, reporting $1.22 in EPS and $15.18 billion in revenue, while analysts maintain a “Moderate Buy” consensus with an average price target of $171.63.

Integrated Wealth Concepts LLC grew its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 38.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,286 shares of the apparel and home fashions retailer's stock after buying an additional 19,123 shares during the period. Integrated Wealth Concepts LLC's holdings in TJX Companies were worth $10,498,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. California State Teachers Retirement System raised its stake in TJX Companies by 15,228.3% in the 2nd quarter. California State Teachers Retirement System now owns 258,776,847 shares of the apparel and home fashions retailer's stock valued at $39,204,692,000 after acquiring an additional 257,088,620 shares during the period. BlackRock Inc. bought a new position in TJX Companies during the second quarter worth $16,489,926,000. Bank of America Corp DE bought a new position in TJX Companies during the second quarter worth $3,511,553,000. Norges Bank acquired a new position in shares of TJX Companies in the fourth quarter valued at $2,211,975,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of TJX Companies in the second quarter valued at $1,598,731,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Up 0.3%

TJX opened at $126.44 on Friday. The stock has a fifty day moving average of $148.12 and a 200-day moving average of $154.53. The company has a market capitalization of $139.08 billion, a P/E ratio of 23.37, a P/E/G ratio of 2.27 and a beta of 0.60. The TJX Companies, Inc. has a fifty-two week low of $125.56 and a fifty-two week high of $170.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, beating the consensus estimate of $1.19 by $0.03. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The business had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same period in the prior year, the company posted $1.10 earnings per share. TJX Companies's revenue was up 5.4% compared to the same quarter last year. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. On average, equities analysts expect that The TJX Companies, Inc. will post 5.22 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TJX shares. Barclays set a $188.00 target price on shares of TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, August 20th. Wells Fargo & Company decreased their price target on shares of TJX Companies from $160.00 to $140.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 20th. Weiss Ratings cut shares of TJX Companies from a "buy (b+)" rating to a "buy (b)" rating in a report on Tuesday, July 21st. Wall Street Zen downgraded shares of TJX Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 22nd. Finally, Evercore restated an "outperform" rating and set a $173.00 price objective on shares of TJX Companies in a report on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, TJX Companies has a consensus rating of "Moderate Buy" and a consensus target price of $171.63.

TJX Companies Profile

The TJX Companies, Inc is an off-price retailer specializing in apparel and home fashions. The company sells brand-name, designer and other merchandise at prices generally below those of full-price retailers. Its product assortment includes women's, men's and children's clothing, footwear, accessories, beauty products, home furnishings, decor and other household goods.

TJX operates through a portfolio of retail banners, including T.J. Maxx, Marshalls, HomeGoods, Sierra and Homesense in the United States; Winners, HomeSense and Marshalls in Canada; and TK Maxx and Homesense in Europe and Australia.

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