Stratos Wealth Partners LTD. Boosts Position in The TJX Companies, Inc. $TJX

Key Points

• Stratos Wealth Partners LTD. increased its stake in The TJX Companies, Inc. by 7.1% during the second quarter, now owning 33,240 shares valued at over $4 million.
• Analysts have generally upgraded their ratings on TJX, with Daiwa America listing it as a "strong-buy" and several other firms raising price targets, indicating positive market sentiment.
• TJX reported earnings of $1.10 per share surpassing expectations; the company's quarterly revenue hit $14.40 billion, reflecting a year-over-year growth of 6.9%.

Stratos Wealth Partners LTD. grew its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 7.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,240 shares of the apparel and home fashions retailer's stock after buying an additional 2,210 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in TJX Companies were worth $4,105,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Nuveen LLC acquired a new stake in shares of TJX Companies in the first quarter valued at approximately $1,330,717,000. Mirova US LLC grew its holdings in TJX Companies by 164.5% during the 2nd quarter. Mirova US LLC now owns 2,699,156 shares of the apparel and home fashions retailer's stock valued at $333,319,000 after buying an additional 1,678,665 shares during the last quarter. Amundi increased its position in TJX Companies by 10.2% during the first 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 in the last quarter. Vanguard Group Inc. raised its holdings in shares of 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 worth $12,230,396,000 after acquiring an additional 1,099,129 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of TJX Companies by 17.7% in the first quarter. Goldman Sachs Group Inc. now owns 6,807,714 shares of the apparel and home fashions retailer's stock valued at $829,180,000 after acquiring an additional 1,025,329 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Daiwa America upgraded TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. JPMorgan Chase & Co. boosted their price objective on shares of TJX Companies from $148.00 to $149.00 and gave the company an "overweight" rating in a research report on Monday, October 6th. Wells Fargo & Company upped their price objective 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. Finally, Barclays lifted their target price on shares of TJX Companies from $147.00 to $155.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $148.50.

TJX Companies Price Performance

TJX opened at $143.95 on Friday. The TJX Companies, Inc. has a 1 year low of $111.73 and a 1 year high of $146.46. The company's 50 day simple moving average is $139.33 and its 200 day simple moving average is $130.93. The stock has a market capitalization of $160.21 billion, a PE ratio of 32.79, a P/E/G ratio of 3.19 and a beta of 0.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter last year, the firm posted $0.96 earnings per share. TJX Companies's revenue 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, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

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