Palumbo Wealth Management LLC Purchases New Position in The TJX Companies, Inc. $TJX

Key Points

• Palumbo Wealth Management LLC has acquired a new position in The TJX Companies, purchasing 1,819 shares valued at approximately $225,000, according to their recent 13F filing.
• Several large investors, including Nuveen LLC and Vanguard Group Inc., notably increased their stakes in TJX, indicating strong institutional support for the company.
• Analysts have set a consensus price target of $147.58 for TJX shares, with the stock currently rated as a "Buy" by the majority of analysts, reflecting confidence in its performance.

Palumbo Wealth Management LLC purchased a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 1,819 shares of the apparel and home fashions retailer's stock, valued at approximately $225,000.

Several other large investors have also recently added to or reduced their stakes in TJX. Nuveen LLC bought a new stake in TJX Companies during the 1st quarter worth approximately $1,330,717,000. GAMMA Investing LLC raised its position in TJX Companies by 14,486.1% in the 1st quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock valued at $354,696,000 after purchasing an additional 2,892,151 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in TJX Companies by 65.8% in the first quarter. Assenagon Asset Management S.A. now owns 3,282,351 shares of the apparel and home fashions retailer's stock worth $399,790,000 after purchasing an additional 1,302,845 shares in the last quarter. Amundi grew its holdings in shares of TJX Companies by 10.2% during the first quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer's stock worth $1,489,305,000 after purchasing an additional 1,104,292 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of TJX Companies by 1.1% during the first quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer's stock worth $12,230,396,000 after purchasing an additional 1,099,129 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TJX shares. Morgan Stanley lifted their price target on TJX Companies from $140.00 to $150.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Wells Fargo & Company boosted their target price on shares of TJX Companies from $120.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 21st. Daiwa America upgraded shares of TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. Bank of America increased their price target on shares of TJX Companies from $145.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Finally, UBS Group raised their price target on shares of TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $147.58.

TJX Companies Trading Up 0.7%

Shares of NYSE TJX opened at $141.46 on Friday. The TJX Companies, Inc. has a fifty-two week low of $111.22 and a fifty-two week high of $145.58. The firm has a market capitalization of $157.43 billion, a P/E ratio of 32.22, a P/E/G ratio of 3.16 and a beta of 0.90. 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 company's 50 day simple moving average is $134.36 and its 200 day simple moving average is $128.11.

TJX Companies (NYSE:TJX - Get Free Report) last issued its 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 company had revenue of $14.40 billion during the quarter, compared to analysts' expectations of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 EPS. 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 predict that The TJX Companies, Inc. will post 4.18 EPS for the current 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 annualized dividend and a yield of 1.2%. TJX Companies's dividend payout ratio is presently 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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