SCS Capital Management LLC Takes $864,000 Position in The TJX Companies, Inc. $TJX

Key Points

• SCS Capital Management LLC has acquired 7,097 shares of The TJX Companies, Inc., valued at approximately $864,000, as part of their new stake in the company.
• Several major investors have increased their stakes in TJX, with Vanguard Group now holding over 100 million shares valued at more than $12 billion.
• TJX reported an impressive $1.10 EPS for the last quarter, surpassing analysts' expectations and reflecting a 6.9% year-over-year revenue growth.

SCS Capital Management LLC purchased a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,097 shares of the apparel and home fashions retailer's stock, valued at approximately $864,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in TJX Companies by 1.1% in the first quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer's stock valued at $12,230,396,000 after purchasing an additional 1,099,129 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in TJX Companies by 0.3% in the first quarter. Ameriprise Financial Inc. now owns 13,068,312 shares of the apparel and home fashions retailer's stock valued at $1,591,758,000 after purchasing an additional 35,800 shares during the last quarter. Royal Bank of Canada lifted its holdings in TJX Companies by 12.9% during the 4th quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock worth $1,486,074,000 after buying an additional 1,403,561 shares during the last quarter. Amundi lifted its holdings in TJX Companies by 10.2% during the 1st quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer's stock worth $1,489,305,000 after buying an additional 1,104,292 shares during the last quarter. Finally, Nuveen LLC bought a new position in TJX Companies during the 1st quarter worth approximately $1,330,717,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Stock Performance

Shares of TJX Companies stock traded down $1.28 on Friday, reaching $139.55. 5,173,162 shares of the company were exchanged, compared to its average volume of 5,343,300. The TJX Companies, Inc. has a 1-year low of $111.22 and a 1-year high of $145.58. 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 firm has a market cap of $155.31 billion, a price-to-earnings ratio of 31.79, a P/E/G ratio of 3.17 and a beta of 0.90. The company's 50-day moving average is $131.39 and its two-hundred day moving average is $126.99.

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 EPS for the quarter, beating the consensus estimate of $1.01 by $0.09. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The firm had revenue of $14.40 billion for the quarter, compared to analysts' expectations of $14.12 billion. During the same period last year, the firm earned $0.96 EPS. The firm's revenue was up 6.9% compared to the same quarter last year. 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, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on TJX shares. Evercore ISI increased 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. Cowen reaffirmed a "buy" rating on shares of TJX Companies in a report on Tuesday, May 20th. Wells Fargo & Company increased their target price on TJX Companies from $120.00 to $130.00 and gave the stock an "equal weight" rating in a report on Thursday, August 21st. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. Finally, Robert W. Baird increased their target price on TJX Companies from $143.00 to $152.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, TJX Companies presently has an average rating of "Buy" and a consensus price target of $147.58.

TJX Companies Company 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.