Nippon Life Global Investors Americas Inc. Has $26.55 Million Position in The TJX Companies, Inc. $TJX

Key Points

• Nippon Life Global Investors Americas Inc. increased its stake in The TJX Companies by 15.4%, bringing its total holdings to approximately 218,010 shares valued at $26.55 million, making TJX its 27th largest position.
• TJX Companies reported better-than-expected earnings with an EPS of $1.10 for the last quarter, surpassing the consensus estimate of $1.01, and recording a revenue of $14.40 billion.
• Analysts have a positive outlook on TJX stock, with Citigroup raising its price target from $140 to $160 and a consensus rating of "Buy" across various analysts, indicating strong future performance expectations.

Nippon Life Global Investors Americas Inc. boosted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 15.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 218,010 shares of the apparel and home fashions retailer's stock after acquiring an additional 29,080 shares during the quarter. TJX Companies accounts for about 1.3% of Nippon Life Global Investors Americas Inc.'s investment portfolio, making the stock its 27th biggest position. Nippon Life Global Investors Americas Inc.'s holdings in TJX Companies were worth $26,554,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. TCTC Holdings LLC raised its holdings in shares of TJX Companies by 210.1% in the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock worth $26,000 after buying an additional 145 shares in the last quarter. Atlantic Edge Private Wealth Management LLC grew its position in TJX Companies by 58.8% in 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 acquiring an additional 110 shares during the period. Iron Horse Wealth Management LLC raised its stake 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 worth $36,000 after acquiring an additional 149 shares in the last quarter. Inlight Wealth Management LLC acquired a new position in TJX Companies during the first quarter worth $37,000. Finally, Activest Wealth Management lifted its holdings in shares of 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 acquiring an additional 314 shares during the period. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Up 1.1%

NYSE:TJX opened at $140.99 on Friday. The company has a market cap of $156.92 billion, a price-to-earnings ratio of 32.12, a P/E/G ratio of 3.14 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17. The stock's fifty day moving average price is $129.57 and its two-hundred day moving average price is $126.26. The TJX Companies, Inc. has a 52-week low of $111.22 and a 52-week high of $145.58.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $14.12 billion. During the same quarter in the previous year, the company earned $0.96 EPS. TJX Companies'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. On average, analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 14th were paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is presently 38.72%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Citigroup increased their target price on shares of TJX Companies from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Daiwa Capital Markets started coverage on shares of TJX Companies in a report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price objective for the company. Robert W. Baird lifted their target price on shares of TJX Companies from $143.00 to $152.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Barclays increased their price target on TJX Companies from $147.00 to $155.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $155.00 price objective (up previously from $150.00) on shares of TJX Companies in a research report on Wednesday, August 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's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $147.58.

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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