Mirova Grows Stake in The TJX Companies, Inc. $TJX

Key Points

• Mirova increased its stake in The TJX Companies by 19.9% in the first quarter, holding 15,754 shares worth approximately $1.92 million.
• Multiple institutional investors significantly boosted their positions in TJX, with TCTC Holdings LLC increasing its holdings by 210.1%.
• Analysts maintain a consensus "Buy" rating for TJX Companies, with price targets ranging from $133.00 to $172.00.

Mirova grew its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 19.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,754 shares of the apparel and home fashions retailer's stock after buying an additional 2,615 shares during the quarter. Mirova's holdings in TJX Companies were worth $1,919,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of TJX Companies by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer's stock valued at $12,230,396,000 after buying an additional 1,099,129 shares during the period. Northern Trust Corp lifted its holdings in shares of TJX Companies by 15.2% during the 4th 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 buying an additional 1,845,225 shares during the period. Ameriprise Financial Inc. raised its holdings in TJX Companies by 0.3% in the 1st quarter. Ameriprise Financial Inc. now owns 13,068,312 shares of the apparel and home fashions retailer's stock worth $1,591,758,000 after purchasing an additional 35,800 shares during the period. Royal Bank of Canada raised its holdings in TJX Companies by 12.9% in the 4th quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock worth $1,486,074,000 after purchasing an additional 1,403,561 shares during the period. Finally, Nuveen LLC bought a new position in TJX Companies in the 1st quarter worth $1,330,717,000. 91.09% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on TJX. Bank of America raised their target price on TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday. JPMorgan Chase & Co. raised their target price on TJX Companies from $145.00 to $148.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Morgan Stanley raised their target price on TJX Companies from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Finally, Cowen reaffirmed a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $147.58.

TJX Companies Price Performance

TJX stock traded up $0.61 during trading on Wednesday, reaching $137.29. The company's stock had a trading volume of 4,521,060 shares, compared to its average volume of 5,516,427. The company has a market capitalization of $153.37 billion, a P/E ratio of 31.27, a price-to-earnings-growth ratio of 3.07 and a beta of 0.89. The company's fifty day moving average is $127.49 and its 200-day moving average is $125.63. 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 TJX Companies, Inc. has a 1 year low of $111.22 and a 1 year high of $145.58.

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

TJX Companies Announces Dividend

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

Insider Buying and Selling at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the transaction, the director owned 22,712 shares in the company, valued at $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.13% of the stock is currently owned by insiders.

About TJX Companies

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.