Morningstar Investment Management LLC Takes Position in The TJX Companies, Inc. $TJX

Key Points

• Morningstar Investment Management LLC has acquired a new stake in The TJX Companies, purchasing 8,639 shares valued at approximately $1,067,000 in the second quarter.
• Multiple institutional investors are increasing their holdings in TJX, including Nuveen LLC with a notable $1.33 billion position and Mirova US LLC increasing its stake by 164.5%.
• Research analysts have a positive outlook on TJX, with a consensus price target of $147.63 and an average rating of "Buy" from 22 analysts.

Morningstar Investment Management LLC bought a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,639 shares of the apparel and home fashions retailer's stock, valued at approximately $1,067,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nuveen LLC purchased a new position in TJX Companies during the first quarter worth about $1,330,717,000. Mirova US LLC increased its holdings in TJX Companies by 164.5% in the second quarter. Mirova US LLC now owns 2,699,156 shares of the apparel and home fashions retailer's stock valued at $333,319,000 after buying an additional 1,678,665 shares in the last quarter. Amundi increased its holdings in TJX Companies by 10.2% in the first quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer's stock valued at $1,489,305,000 after buying an additional 1,104,292 shares in the last quarter. Vanguard Group Inc. increased its holdings in TJX Companies by 1.1% in the first 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 in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in TJX Companies by 17.7% in the first quarter. Goldman Sachs Group Inc. now owns 6,807,714 shares of the apparel and home fashions retailer's stock valued at $829,180,000 after buying an additional 1,025,329 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TJX has been the subject of a number of research analyst reports. Daiwa Capital Markets initiated coverage on shares of TJX Companies in a report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 target price for the company. Barclays increased their target price on shares of TJX Companies from $147.00 to $155.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Wells Fargo & Company increased their target price on shares of TJX Companies from $120.00 to $130.00 and gave the company an "equal weight" rating in a report on Thursday, August 21st. JPMorgan Chase & Co. increased their target price on shares of TJX Companies from $148.00 to $149.00 and gave the company an "overweight" rating in a report on Monday, October 6th. Finally, Robert W. Baird increased their target price on shares of TJX Companies from $143.00 to $152.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, TJX Companies presently has an average rating of "Buy" and a consensus price target of $147.63.

TJX Companies Stock Up 0.7%

TJX stock opened at $141.38 on Tuesday. The company's 50 day simple moving average is $138.31 and its 200-day simple moving average is $130.40. The firm has a market capitalization of $157.35 billion, a PE ratio of 32.20, a P/E/G ratio of 3.12 and a beta of 0.92. The TJX Companies, Inc. has a 12 month low of $111.73 and a 12 month high of $145.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $1.01 by $0.09. The business had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The company's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the prior 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 analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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 dividend of $0.425 per share. The ex-dividend date is Thursday, November 13th. This represents a $1.70 dividend on an annualized basis and a yield of 1.2%. TJX Companies's dividend payout ratio (DPR) is 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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