Mirova US LLC Buys 1,678,665 Shares of The TJX Companies, Inc. $TJX

Key Points

• Mirova US LLC increased its stake in The TJX Companies by 164.5% in Q2, owning 2,699,156 shares valued at approximately $333 million.
• Wall Street analysts have raised their target prices for TJX, with Barclays setting a new target of $155.00 and Citigroup increasing its target to $160.00, both reflecting a positive outlook.
• Recently, TJX announced a quarterly dividend of $0.425, which equates to an annualized dividend yield of 1.2%, with the next payment scheduled for December 4th.

Mirova US LLC grew its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 164.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,699,156 shares of the apparel and home fashions retailer's stock after purchasing an additional 1,678,665 shares during the period. TJX Companies comprises about 3.5% of Mirova US LLC's investment portfolio, making the stock its 10th biggest position. Mirova US LLC owned about 0.24% of TJX Companies worth $333,319,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pinnacle Financial Partners Inc grew its position in TJX Companies by 2.2% in the 1st quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer's stock worth $46,989,000 after purchasing an additional 8,319 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of TJX Companies by 1.7% during the 1st quarter. State of Alaska Department of Revenue now owns 181,712 shares of the apparel and home fashions retailer's stock valued at $22,132,000 after acquiring an additional 3,125 shares in the last quarter. FCG Investment Co acquired a new stake in shares of TJX Companies during the 1st quarter valued at about $2,620,000. MinichMacGregor Wealth Management LLC acquired a new stake in shares of TJX Companies during the 2nd quarter valued at about $5,045,000. Finally, Mainstream Capital Management LLC boosted its position in shares of TJX Companies by 4.3% during the 1st quarter. Mainstream Capital Management LLC now owns 12,450 shares of the apparel and home fashions retailer's stock valued at $1,516,000 after acquiring an additional 515 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on TJX shares. Barclays lifted their target price on shares of TJX Companies from $147.00 to $155.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Citigroup lifted their target price on shares of TJX Companies from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. lifted their target price on shares of TJX Companies from $148.00 to $149.00 and gave the company an "overweight" rating in a research report on Monday. Macquarie reiterated a "buy" rating on shares of TJX Companies in a research report on Monday, August 11th. Finally, Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has assigned 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 $147.63.

TJX Companies Trading Down 0.3%

Shares of NYSE TJX opened at $142.70 on Wednesday. The TJX Companies, Inc. has a 1-year low of $111.73 and a 1-year high of $145.58. The company has a market cap of $158.81 billion, a PE ratio of 32.51, a P/E/G ratio of 3.22 and a beta of 0.92. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The company has a 50-day moving average of $137.20 and a two-hundred day moving average of $129.75.

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 for the quarter, topping analysts' consensus estimates of $1.01 by $0.09. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The company had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The company's revenue was up 6.9% on a year-over-year basis. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. As a group, equities analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, November 13th. 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%.

TJX Companies 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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