Panagora Asset Management Inc. Grows Position in The TJX Companies, Inc. $TJX

Key Points

• Panagora Asset Management Inc. increased its stake in The TJX Companies, Inc. by 21.8% in Q1, acquiring 238,689 shares to own approximately 1.33 million shares overall.
• Vanguard Group has also grown its position, acquiring an additional 1.1% in Q1, bringing its total to over 100 million shares valued at approximately $12.23 billion.
• The TJX Companies reported a Q2 EPS of $1.10, beating estimates, with a revenue of $14.40 billion, up 6.9% year-on-year.

Panagora Asset Management Inc. increased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 21.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,333,186 shares of the apparel and home fashions retailer's stock after acquiring an additional 238,689 shares during the period. TJX Companies comprises 0.8% of Panagora Asset Management Inc.'s investment portfolio, making the stock its 22nd biggest position. Panagora Asset Management Inc. owned approximately 0.12% of TJX Companies worth $162,382,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Clear Creek Financial Management LLC increased its holdings in TJX Companies by 1.8% during the 1st quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock worth $586,000 after purchasing an additional 83 shares during the period. Knuff & Co LLC increased its holdings in TJX Companies by 8.5% during the 1st quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer's stock worth $129,000 after purchasing an additional 83 shares during the period. Salem Investment Counselors Inc. increased its holdings in TJX Companies by 2.2% during the 1st quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock worth $485,000 after purchasing an additional 86 shares during the period. Financial Network Wealth Advisors LLC increased its holdings in TJX Companies by 7.8% during the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,207 shares of the apparel and home fashions retailer's stock worth $147,000 after purchasing an additional 87 shares during the period. Finally, Amplius Wealth Advisors LLC increased its holdings in TJX Companies by 4.2% during the 1st quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock worth $283,000 after purchasing an additional 93 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Barclays upped their price target on TJX Companies from $147.00 to $155.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Macquarie restated a "buy" rating on shares of TJX Companies in a report on Monday, August 11th. Morgan Stanley upped their price target on TJX Companies from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Loop Capital set a $150.00 price target on TJX Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. Finally, Citigroup increased their price objective on TJX Companies from $140.00 to $160.00 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 have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $147.58.

TJX Companies Stock Down 0.4%

Shares of TJX traded down $0.49 during mid-day trading on Monday, reaching $136.63. The company's stock had a trading volume of 4,116,829 shares, compared to its average volume of 5,570,308. The TJX Companies, Inc. has a 12-month low of $111.22 and a 12-month high of $145.58. The stock has a market cap of $152.63 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 3.07 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 moving average is $128.58 and its 200 day moving average is $125.97.

TJX Companies (NYSE:TJX - Get Free Report) last released 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. The business 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 business's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business 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. Equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be paid a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is currently 38.72%.

Insider Transactions at TJX Companies

In related news, Director Amy B. Lane sold 950 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director owned 22,712 shares in the company, valued at $2,909,180.08. This trade represents a 4.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.13% of the stock is owned by corporate insiders.

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.