Sequoia Financial Advisors LLC Increases Stock Position in The TJX Companies, Inc. $TJX

Key Points

• Sequoia Financial Advisors increased its TJX Companies stake by 6.6% in the second quarter, purchasing 14,878 additional shares and bringing its holdings to 241,412 shares valued at approximately $36.6 million.
• Institutional investors own 91.09% of TJX’s outstanding stock, with several other funds also adding to their positions during recent quarters.
• TJX exceeded quarterly earnings and revenue expectations, reporting $1.22 in EPS and $15.18 billion in revenue. Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $171.63, despite recent rating and target-price cuts from some firms.

Sequoia Financial Advisors LLC boosted its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 6.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 241,412 shares of the apparel and home fashions retailer's stock after purchasing an additional 14,878 shares during the period. Sequoia Financial Advisors LLC's holdings in TJX Companies were worth $36,574,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its position in shares of TJX Companies by 120.3% during the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer's stock worth $25,000 after acquiring an additional 89 shares during the last quarter. Entrust Financial LLC purchased a new position in TJX Companies in the fourth quarter valued at about $26,000. Wilkerson Advisory Group LLC acquired a new stake in TJX Companies during the 4th quarter valued at approximately $26,000. IMG Wealth Management Inc. grew its stake in TJX Companies by 65.7% during the 4th quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer's stock valued at $27,000 after purchasing an additional 69 shares in the last quarter. Finally, Cetera Trust Company N.A purchased a new stake in TJX Companies during the 2nd quarter worth approximately $27,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Stock Performance

TJX stock opened at $126.05 on Thursday. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18. The firm has a market cap of $138.65 billion, a P/E ratio of 23.30, a P/E/G ratio of 2.32 and a beta of 0.60. The TJX Companies, Inc. has a 12-month low of $125.81 and a 12-month high of $170.00. The stock's 50 day simple moving average is $148.67 and its 200 day simple moving average is $154.75.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS for the quarter, topping analysts' consensus estimates of $1.19 by $0.03. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The firm had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $15.16 billion. During the same quarter in the previous year, the company posted $1.10 earnings per share. The firm's revenue was up 5.4% on a year-over-year basis. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. As a group, equities research analysts predict that The TJX Companies, Inc. will post 5.22 EPS for the current year.

Wall Street Analyst Weigh In

TJX has been the topic of a number of recent analyst reports. Citigroup lowered TJX Companies from a "buy" rating to a "neutral" rating and cut their target price for the company from $182.00 to $154.00 in a research report on Thursday, August 20th. Jefferies Financial Group lowered shares of TJX Companies from a "buy" rating to a "hold" rating and dropped their price target for the stock from $180.00 to $145.00 in a research note on Wednesday, August 26th. UBS Group reaffirmed a "buy" rating and issued a $198.00 price target (up from $197.00) on shares of TJX Companies in a report on Thursday, August 20th. JPMorgan Chase & Co. increased their price objective on shares of TJX Companies from $173.00 to $174.00 and gave the company an "overweight" rating in a research note on Monday, May 18th. Finally, BTIG Research reissued a "buy" rating and set a $190.00 price objective on shares of TJX Companies in a report on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $171.63.

TJX Companies Profile

The TJX Companies, Inc is an off-price retailer specializing in apparel and home fashions. The company sells brand-name, designer and other merchandise at prices generally below those of full-price retailers. Its product assortment includes women's, men's and children's clothing, footwear, accessories, beauty products, home furnishings, decor and other household goods.

TJX operates through a portfolio of retail banners, including T.J. Maxx, Marshalls, HomeGoods, Sierra and Homesense in the United States; Winners, HomeSense and Marshalls in Canada; and TK Maxx and Homesense in Europe and Australia.

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