Mitsubishi UFJ Asset Management UK Ltd. Purchases 6,000 Shares of The TJX Companies, Inc. $TJX

Key Points

• Mitsubishi UFJ Asset Management UK Ltd. increased its stake in TJX Companies by 40%, acquiring an additional 6,000 shares and holding a total of 21,000 shares valued at approximately $2.59 million.
• Recent earnings showed TJX Companies surpassed analyst expectations with $1.10 EPS and $14.40 billion in revenue for the latest quarter, marking a 6.9% year-over-year increase.
• Analysts remain optimistic, with the average stock rating listed as "Buy" and a price target of $147.58, alongside several upgrades to their price objectives.

Mitsubishi UFJ Asset Management UK Ltd. lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 40.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,000 shares of the apparel and home fashions retailer's stock after purchasing an additional 6,000 shares during the period. TJX Companies accounts for 1.4% of Mitsubishi UFJ Asset Management UK Ltd.'s holdings, making the stock its 18th biggest position. Mitsubishi UFJ Asset Management UK Ltd.'s holdings in TJX Companies were worth $2,593,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pinnacle Financial Partners Inc raised its stake in shares of TJX Companies by 2.2% during 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 in the last quarter. State of Alaska Department of Revenue raised its stake 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 worth $22,132,000 after purchasing an additional 3,125 shares in the last quarter. FCG Investment Co bought a new stake in shares of TJX Companies during the 1st quarter worth approximately $2,620,000. MinichMacGregor Wealth Management LLC bought a new stake in shares of TJX Companies during the 2nd quarter worth approximately $5,045,000. Finally, Mainstream Capital Management LLC raised its stake 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 worth $1,516,000 after purchasing an additional 515 shares in the last quarter. Institutional investors own 91.09% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TJX. Evercore ISI upped their price objective on TJX Companies from $150.00 to $162.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Macquarie restated a "buy" rating on shares of TJX Companies in a research note on Monday, August 11th. UBS Group increased their price target on TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Morgan Stanley increased their price target on TJX Companies from $140.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Finally, Daiwa America upgraded TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $147.58.

TJX Companies Stock Performance

Shares of NYSE TJX opened at $144.54 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52. The stock's fifty day moving average price is $135.52 and its two-hundred day moving average price is $128.82. The TJX Companies, Inc. has a one year low of $111.22 and a one year high of $145.58. The firm has a market cap of $160.86 billion, a price-to-earnings ratio of 32.92, a P/E/G ratio of 3.23 and a beta of 0.90.

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 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The firm had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period in the prior year, the firm posted $0.96 EPS. The company's revenue for the quarter 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. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be issued a dividend of $0.425 per share. 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 38.72%.

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.

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