Sumitomo Mitsui Trust Group Inc. Has $332.06 Million Stock Holdings in The TJX Companies, Inc. $TJX

Key Points

• Sumitomo Mitsui Trust Group Inc. increased its stake in The TJX Companies, Inc. to approximately $332 million, owning about 2.69 million shares as of the latest SEC filing.
• In the second quarter, TJX Companies reported earnings of $1.10 per share, exceeding analysts' expectations, with revenues of $14.40 billion, surpassing forecasts.
• The company has declared a quarterly dividend of $0.425 per share, which will be paid on December 4th, representing an annualized dividend yield of 1.2%.

Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,688,939 shares of the apparel and home fashions retailer's stock after acquiring an additional 27,086 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.24% of TJX Companies worth $332,057,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Pinnacle Financial Partners Inc lifted its stake in shares of TJX Companies by 2.2% in the first quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer's stock worth $46,989,000 after acquiring an additional 8,319 shares during the period. FCG Investment Co acquired a new stake in shares of TJX Companies during the first quarter worth $2,620,000. MinichMacGregor Wealth Management LLC acquired a new stake in shares of TJX Companies during the second quarter worth $5,045,000. Mainstream Capital Management LLC increased its position in shares of TJX Companies by 4.3% during the first quarter. Mainstream Capital Management LLC now owns 12,450 shares of the apparel and home fashions retailer's stock worth $1,516,000 after buying an additional 515 shares during the period. Finally, Parr Mcknight Wealth Management Group LLC increased its position in shares of TJX Companies by 12.6% during the first quarter. Parr Mcknight Wealth Management Group LLC now owns 40,840 shares of the apparel and home fashions retailer's stock worth $4,974,000 after buying an additional 4,579 shares during the period. Institutional investors own 91.09% of the company's stock.

TJX Companies Trading Down 0.3%

NYSE:TJX opened at $142.57 on Friday. The stock has a market capitalization of $158.67 billion, a price-to-earnings ratio of 32.54, a PEG ratio of 3.18 and a beta of 0.92. The firm has a fifty day simple moving average of $140.12 and a two-hundred day simple moving average of $131.44. The TJX Companies, Inc. has a 12 month low of $111.73 and a 12 month high of $146.46. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. The firm had revenue of $14.40 billion during the quarter, compared to analysts' expectations of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The business's revenue was up 6.9% on a year-over-year basis. During the same period last year, the company earned $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. Analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies's dividend payout ratio (DPR) is currently 38.72%.

Analysts Set New Price Targets

TJX has been the subject of several recent analyst reports. Daiwa America upgraded shares of 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 research report on Saturday, August 23rd. Daiwa Capital Markets started coverage on shares of TJX Companies in a report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price target for the company. Erste Group Bank started coverage on shares of TJX Companies in a report on Friday, September 5th. They issued a "buy" rating for the company. Finally, Macquarie restated a "buy" rating on shares of TJX Companies in a report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $148.50.

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.

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