New York State Teachers Retirement System Grows Position in The TJX Companies, Inc. $TJX

Key Points

• The New York State Teachers Retirement System increased its stake in The TJX Companies by 0.4% in the second quarter, holding 859,731 shares valued at approximately $106.17 million.
• TJX reported an earnings per share (EPS) of $1.10 for the last quarter, outperforming analysts' expectations of $1.01, with a revenue of $14.40 billion.
• The company's dividend has been set at $0.425 per share, payable on December 4, 2023, reflecting an annualized yield of 1.2%.

New York State Teachers Retirement System raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 859,731 shares of the apparel and home fashions retailer's stock after purchasing an additional 3,425 shares during the period. New York State Teachers Retirement System owned 0.08% of TJX Companies worth $106,168,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. TCTC Holdings LLC grew its holdings in TJX Companies by 210.1% during the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after purchasing an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC grew its holdings in TJX Companies by 58.8% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after purchasing an additional 110 shares during the period. Iron Horse Wealth Management LLC grew its holdings in TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after purchasing an additional 149 shares during the period. Inlight Wealth Management LLC bought a new stake in TJX Companies during the first quarter valued at about $37,000. Finally, Activest Wealth Management grew its holdings in TJX Companies by 4,485.7% during the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock valued at $39,000 after purchasing an additional 314 shares during the period. Institutional investors own 91.09% of the company's stock.

TJX Companies Price Performance

NYSE:TJX opened at $145.00 on Thursday. 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 market capitalization of $161.38 billion, a P/E ratio of 33.03, a P/E/G ratio of 3.20 and a beta of 0.92. The TJX Companies, Inc. has a 12 month low of $111.73 and a 12 month high of $146.46. The business's 50-day moving average is $138.88 and its 200 day moving average is $130.60.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.09. The company had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The firm's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the previous 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. On average, equities research analysts forecast 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 $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies's payout ratio is currently 38.72%.

Wall Street Analysts Forecast Growth

TJX has been the subject of several recent research reports. UBS Group boosted their price target on TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Wells Fargo & Company upped their price objective on TJX Companies from $120.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. upped their price objective on TJX Companies from $148.00 to $149.00 and gave the stock an "overweight" rating in a research note on Monday, October 6th. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, August 23rd. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, TJX Companies presently has an average rating of "Buy" and a consensus price target of $148.50.

TJX Companies Company 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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