Swedbank AB Has $156.90 Million Position in The TJX Companies, Inc. $TJX

Key Points

• Swedbank AB increased its holdings in TJX Companies by 1.8%, owning 1,288,152 shares valued at approximately $156.90 million as of the end of the first quarter.
• Several institutional investors, including TCTC Holdings LLC and Activest Wealth Management, significantly raised their stakes in TJX Companies, indicating strong interest in the stock among major investors.
• TJX Companies reported better-than-expected earnings with $1.10 EPS for the last quarter, surpassing analysts' estimates and showing revenue growth of 6.9% year-over-year.

Swedbank AB lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,288,152 shares of the apparel and home fashions retailer's stock after buying an additional 23,054 shares during the period. Swedbank AB owned about 0.12% of TJX Companies worth $156,897,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. TCTC Holdings LLC boosted its position in shares of TJX Companies by 210.1% during the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock worth $26,000 after buying an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC boosted its position in shares of TJX Companies by 58.8% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after buying an additional 110 shares during the period. Iron Horse Wealth Management LLC raised its holdings in TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after acquiring an additional 149 shares in the last quarter. Inlight Wealth Management LLC bought a new stake in TJX Companies during the first quarter worth about $37,000. Finally, Activest Wealth Management raised its holdings in TJX Companies by 4,485.7% during the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock worth $39,000 after acquiring an additional 314 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on TJX. Citigroup upped their target price on TJX Companies from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. JPMorgan Chase & Co. upped their target price on TJX Companies from $145.00 to $148.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Loop Capital set a $150.00 target price on TJX Companies and gave the stock a "buy" rating in a report on Thursday, May 22nd. Finally, Daiwa Capital Markets began coverage on TJX Companies in a report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $147.58.

TJX Companies Stock Performance

TJX opened at $140.83 on Friday. The TJX Companies, Inc. has a 12-month low of $111.22 and a 12-month high of $145.58. The stock has a market cap of $156.74 billion, a price-to-earnings ratio of 32.08, a PEG ratio of 3.15 and a beta of 0.90. The business has a 50 day moving average of $131.12 and a 200-day moving average of $126.87. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32.

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

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.

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