Promethium Advisors LLC Buys 4,036 Shares of The TJX Companies, Inc. $TJX

Key Points

• Promethium Advisors LLC increased its stake in The TJX Companies by 37.2% during the first quarter, now owning 14,882 shares valued at approximately $1.81 million.
• The TJX Companies recently reported earnings per share of $1.10 for the quarter, exceeding analysts' estimates and showing a 6.9% year-over-year revenue growth.
• Several analysts have recently rated TJX Companies positively, with target prices raised, including Telsey Advisory Group's new target of $155.00, reflecting strong market confidence in the stock.

Promethium Advisors LLC boosted its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 37.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,882 shares of the apparel and home fashions retailer's stock after acquiring an additional 4,036 shares during the period. Promethium Advisors LLC's holdings in TJX Companies were worth $1,813,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Federation des caisses Desjardins du Quebec grew its position in shares of TJX Companies by 32.3% during the 1st quarter. Federation des caisses Desjardins du Quebec now owns 281,087 shares of the apparel and home fashions retailer's stock worth $34,239,000 after buying an additional 68,606 shares during the period. EP Wealth Advisors LLC grew its holdings in TJX Companies by 6.2% during the 1st quarter. EP Wealth Advisors LLC now owns 268,884 shares of the apparel and home fashions retailer's stock worth $32,750,000 after acquiring an additional 15,730 shares during the period. PDT Partners LLC bought a new stake in shares of TJX Companies during the 1st quarter valued at $2,425,000. Maverick Capital Ltd. acquired a new position in shares of TJX Companies in the 1st quarter valued at $2,166,000. Finally, Focus Partners Advisor Solutions LLC grew its stake in shares of TJX Companies by 13.1% during the first quarter. Focus Partners Advisor Solutions LLC now owns 22,062 shares of the apparel and home fashions retailer's stock worth $2,687,000 after purchasing an additional 2,561 shares during the period. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Down 1.2%

Shares of TJX Companies stock traded down $1.72 during trading hours on Friday, reaching $139.30. 6,735,796 shares of the company's stock were exchanged, compared to its average volume of 5,233,997. The stock has a market cap of $155.03 billion, a P/E ratio of 32.12, a P/E/G ratio of 3.17 and a beta of 0.90. The company has a 50 day moving average of $129.57 and a two-hundred day moving average of $126.26. 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 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 released its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.09. The business had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.TJX Companies's revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $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, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Evercore ISI raised their target price on TJX Companies from $150.00 to $162.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Telsey Advisory Group reissued an "outperform" rating and issued a $155.00 price target (up previously from $150.00) on shares of TJX Companies in a report on Wednesday, August 20th. JPMorgan Chase & Co. raised their price objective on TJX Companies from $145.00 to $148.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Wells Fargo & Company increased their price target on TJX Companies from $120.00 to $130.00 and gave the stock an "equal weight" rating in a report on Thursday, August 21st. Finally, Loop Capital set a $150.00 price objective on TJX Companies and gave the company a "buy" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, TJX Companies currently has a consensus rating of "Buy" and an average price target of $147.58.

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.