Park National Corp OH Acquires 13,385 Shares of The TJX Companies, Inc. $TJX

Key Points

• Park National Corp OH increased its holdings in TJX Companies by 4.8% during the second quarter, now owning 293,662 shares valued at approximately $36.26 million.
• In terms of recent performance, TJX reported an earnings per share (EPS) of $1.10, exceeding analysts' estimates, with a revenue of $14.40 billion, representing a 6.9% year-over-year increase.
• Several analysts have raised their target prices for TJX, with Evercore ISI setting a new target at $162.00 while maintaining an "outperform" rating.

Park National Corp OH lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 293,662 shares of the apparel and home fashions retailer's stock after buying an additional 13,385 shares during the quarter. TJX Companies comprises about 1.2% of Park National Corp OH's holdings, making the stock its 27th largest position. Park National Corp OH's holdings in TJX Companies were worth $36,264,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. TCTC Holdings LLC raised its position 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 acquiring an additional 145 shares in the last quarter. Atlantic Edge Private Wealth Management LLC increased its holdings 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 worth $36,000 after purchasing an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC lifted its stake in TJX Companies by 99.3% in 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 buying an additional 149 shares during the period. Inlight Wealth Management LLC acquired a new position in TJX Companies in the first quarter valued at approximately $37,000. Finally, Activest Wealth Management boosted its holdings in shares of TJX Companies by 4,485.7% during the 1st quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock worth $39,000 after buying an additional 314 shares in the last quarter. Institutional investors own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TJX. Bank of America lifted their price objective 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. Wells Fargo & Company lifted their price target on shares of TJX Companies from $120.00 to $130.00 and gave the company an "equal weight" rating in a research note on Thursday, August 21st. UBS Group increased their price objective on shares of TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Loop Capital set a $150.00 target price on TJX Companies and gave the company a "buy" rating in a research report on Thursday, May 22nd. Finally, Evercore ISI increased their price target on TJX Companies from $150.00 to $162.00 and gave the stock an "outperform" 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $147.58.

TJX Companies Stock Down 0.9%

TJX stock traded down $1.28 during mid-day trading on Friday, reaching $139.55. 5,173,162 shares of the company traded hands, compared to its average volume of 5,362,153. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The firm's 50 day moving average price is $131.39 and its 200 day moving average price is $127.03. The stock has a market cap of $155.31 billion, a price-to-earnings ratio of 31.79, a P/E/G ratio of 3.14 and a beta of 0.90. The TJX Companies, Inc. has a fifty-two week low of $111.22 and a fifty-two week high of $145.58.

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 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The company had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter last year, the company earned $0.96 earnings per share. The company's revenue for the quarter 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. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

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.