Smith Group Asset Management LLC Acquires 5,803 Shares of The TJX Companies, Inc. $TJX

Key Points

• Smith Group Asset Management LLC increased its holdings in The TJX Companies, Inc. by 2.7%, acquiring an additional 5,803 shares, bringing its total to 218,544 shares valued at approximately $26.99 million.
• The stock currently has a consensus rating of "Buy" with a target price range raised by several analysts, the highest being $172.00 from UBS Group.
• TJX Companies reported a quarterly revenue of $14.40 billion, exceeding analysts' expectations and reflecting a year-over-year increase of 6.9% in revenue.

Smith Group Asset Management LLC raised its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 218,544 shares of the apparel and home fashions retailer's stock after acquiring an additional 5,803 shares during the period. TJX Companies makes up approximately 1.8% of Smith Group Asset Management LLC's holdings, making the stock its 27th biggest holding. Smith Group Asset Management LLC's holdings in TJX Companies were worth $26,988,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. TCTC Holdings LLC boosted its stake in TJX Companies by 210.1% in the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after acquiring an additional 145 shares in the last quarter. Princeton Global Asset Management LLC acquired a new stake in TJX Companies in the second quarter valued at approximately $28,000. Atlantic Edge Private Wealth Management LLC boosted its stake 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 valued at $36,000 after acquiring an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC boosted 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 acquiring an additional 149 shares in the last quarter. Finally, Activest Wealth Management boosted its stake in TJX Companies by 4,485.7% in the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock valued at $39,000 after acquiring an additional 314 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on TJX. BTIG Research began coverage on shares of TJX Companies in a research note on Tuesday, October 14th. They issued a "buy" rating and a $165.00 target price for the company. Evercore ISI raised their price target on shares of TJX Companies from $150.00 to $162.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Barclays raised their price target on shares of TJX Companies from $147.00 to $155.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. UBS Group raised their price target on shares of TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Finally, Citigroup raised their price target on shares of TJX Companies from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $148.50.

TJX Companies Stock Down 0.5%

TJX opened at $142.32 on Friday. The TJX Companies, Inc. has a fifty-two week low of $111.73 and a fifty-two week high of $146.46. 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 company has a fifty day moving average of $140.12 and a two-hundred day moving average of $131.44. The stock has a market capitalization of $158.39 billion, a price-to-earnings ratio of 32.42, a PEG ratio of 3.18 and a beta of 0.92.

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 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The company had revenue of $14.40 billion during the quarter, compared to analysts' expectations of $14.12 billion. During the same quarter in the previous year, the company earned $0.96 earnings per share. The firm'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. On average, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.70 dividend on an annualized basis and a yield of 1.2%. TJX Companies's payout ratio is presently 38.72%.

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.

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