The TJX Companies, Inc. $TJX Holdings Boosted by QRG Capital Management Inc.

Key Points

• QRG Capital Management increased its TJX stake by 6.8% in the second quarter, bringing its holdings to 323,830 shares valued at approximately $49.1 million. Institutional investors collectively own 91.09% of the company.
• TJX reported quarterly EPS of $1.22, topping estimates of $1.19, while revenue rose 5.4% year over year to $15.18 billion. The company also declared a quarterly dividend of $0.48 per share, representing a 1.5% annualized yield.
• Analyst sentiment remains generally positive, with a “Moderate Buy” consensus and an average price target of $171.63, although shares recently traded at $131.65—below both their 50-day and 200-day moving averages.

QRG Capital Management Inc. boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 6.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 323,830 shares of the apparel and home fashions retailer's stock after purchasing an additional 20,517 shares during the quarter. QRG Capital Management Inc.'s holdings in TJX Companies were worth $49,060,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna lifted its stake in TJX Companies by 120.3% in the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer's stock valued at $25,000 after buying an additional 89 shares during the last quarter. Cetera Trust Company N.A bought a new position in shares of TJX Companies during the second quarter worth about $27,000. Evergreen Advisors LLC bought a new position in shares of TJX Companies during the first quarter worth about $36,000. Bard Associates Inc. acquired a new stake in shares of TJX Companies in the 4th quarter worth about $35,000. Finally, Cedar Mountain Advisors LLC increased its holdings in shares of TJX Companies by 47.7% in the 1st quarter. Cedar Mountain Advisors LLC now owns 226 shares of the apparel and home fashions retailer's stock worth $36,000 after acquiring an additional 73 shares during the period. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TJX has been the subject of a number of analyst reports. Sanford C. Bernstein reissued an "outperform" rating and set a $175.00 target price on shares of TJX Companies in a research note on Tuesday, August 25th. Weiss Ratings lowered shares of TJX Companies from a "buy (b+)" rating to a "buy (b)" rating in a research note on Tuesday, July 21st. Wall Street Zen cut TJX Companies from a "buy" rating to a "hold" rating in a report on Saturday, August 22nd. UBS Group reiterated a "buy" rating and set a $198.00 price objective (up from $197.00) on shares of TJX Companies in a research report on Thursday, August 20th. Finally, Wells Fargo & Company decreased their price objective on TJX Companies from $160.00 to $140.00 and set an "equal weight" rating for the company in a report on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $171.63.

TJX Companies Stock Performance

Shares of NYSE TJX traded up $0.86 during midday trading on Wednesday, reaching $131.65. 8,649,295 shares of the company traded hands, compared to its average volume of 5,932,928. The company has a market cap of $144.81 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 2.36 and a beta of 0.60. The stock has a 50-day moving average price of $144.13 and a 200 day moving average price of $152.72. The TJX Companies, Inc. has a 52 week low of $122.78 and a 52 week high of $170.00. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.19 by $0.03. The firm had revenue of $15.18 billion during the quarter, compared to analyst estimates of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. TJX Companies's revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 EPS. 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. Sell-side analysts anticipate that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Thursday, November 12th will be issued a $0.48 dividend. The ex-dividend date is Thursday, November 12th. This represents a $1.92 annualized dividend and a dividend yield of 1.5%. TJX Companies's dividend payout ratio (DPR) is 35.49%.

Trending Headlines about TJX Companies

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: Earnings beat supports shares: TJX reported quarterly EPS of $1.22, ahead of the $1.19 consensus, while revenue reached approximately $15.2 billion and increased 5.4% year over year. The results reinforce the company’s ability to attract value-focused shoppers. TJX Companies stock holds near USD 127 as earnings beat estimates
• Positive Sentiment: Retail environment remains favorable: TJX was included among retail stocks viewed as well positioned after August retail sales rose 1.2% despite inflation and elevated interest rates. Its off-price model may benefit as consumers seek lower prices. 5 Solid Retail Stocks to Grab as Sales Roar Despite High Inflation
• Positive Sentiment: Digital initiatives could lift store traffic: Fresh online assortments, social-media engagement and gifting programs are intended to generate repeat visits and strengthen customer engagement. TJX Companies' Digital Reach: Can Engagement Lift Store Traffic?
• Positive Sentiment: Analyst and media interest is elevated: TJX is among the most-watched stocks on Zacks, while Jim Cramer said he was buying the pullback, potentially improving near-term sentiment. Jim Cramer Notes He Is Buying The Pullback In TJX
• Neutral Sentiment: Valuation and technical picture warrant caution: TJX trades at roughly 24 times earnings, while its price remains below its 50-day and 200-day averages. This suggests the recent rebound has not yet fully repaired the stock’s broader technical trend.

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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