The TJX Companies, Inc. $TJX Holdings Boosted by Rakuten Investment Management Inc.

Key Points

• Rakuten Investment Management increased its TJX stake by 9.6% in the third quarter, adding 17,357 shares to reach 198,282 shares valued at about $26.5 million. Institutional investors collectively own 91.09% of the company.
• Analysts maintain a “Moderate Buy” consensus, with a $174.95 average price target; 21 analysts rate the stock Buy and four rate it Hold.
• TJX reported quarterly EPS of $1.22, above the $1.19 estimate, while revenue rose 5.4% year over year to $15.18 billion. The company also declared a $0.48 quarterly dividend, equal to a 1.4% annualized yield.

Rakuten Investment Management Inc. boosted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 9.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 198,282 shares of the apparel and home fashions retailer's stock after purchasing an additional 17,357 shares during the quarter. Rakuten Investment Management Inc.'s holdings in TJX Companies were worth $26,530,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Danske Bank A S acquired a new position in TJX Companies during the 2nd quarter valued at about $829,000. Man Group plc bought a new stake in TJX Companies during the 2nd quarter worth approximately $217,422,000. Sigma Planning Corp increased its holdings in TJX Companies by 82.0% during the 2nd quarter. Sigma Planning Corp now owns 20,903 shares of the apparel and home fashions retailer's stock worth $3,167,000 after purchasing an additional 9,417 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of TJX Companies by 6.6% in the second quarter. Sequoia Financial Advisors LLC now owns 241,412 shares of the apparel and home fashions retailer's stock worth $36,574,000 after purchasing an additional 14,878 shares during the last quarter. Finally, Bank of America Corp DE purchased a new stake in shares of TJX Companies in the second quarter worth approximately $3,511,553,000. Institutional investors own 91.09% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. BTIG Research restated a "buy" rating and issued a $190.00 target price on shares of TJX Companies in a report on Thursday, August 20th. Jefferies Financial Group downgraded TJX Companies from a "buy" rating to a "hold" rating and decreased their price target for the stock from $180.00 to $145.00 in a report on Wednesday, August 26th. Gordon Haskett downgraded TJX Companies from a "buy" rating to an "accumulate" rating and set a $155.00 price target for the company. in a report on Thursday, August 20th. Barclays set a $188.00 price target on TJX Companies and gave the company an "overweight" rating in a research report on Thursday, August 20th. Finally, Daiwa Securities Group dropped their price objective on TJX Companies from $168.00 to $155.00 in a research note on Tuesday, August 25th. Twenty-one investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $174.95.

TJX Companies Price Performance

Shares of NYSE TJX opened at $137.54 on Wednesday. The company has a market capitalization of $151.29 billion, a PE ratio of 25.42, a PEG ratio of 2.67 and a beta of 0.58. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. The stock's 50 day moving average price is $135.65 and its 200-day moving average price is $151.02. The TJX Companies, Inc. has a twelve month low of $122.78 and a twelve month high of $170.00.

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 the consensus estimate of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%. The firm had revenue of $15.18 billion during the quarter, compared to analyst estimates of $15.16 billion. During the same period last year, the firm posted $1.10 EPS. The business's revenue was up 5.4% compared to the same quarter last year. 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. On average, equities analysts anticipate that The TJX Companies, Inc. will post 5.22 EPS for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 12th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Thursday, November 12th. TJX Companies's dividend payout ratio (DPR) is currently 35.49%.

TJX Companies Profile

The TJX Companies, Inc NYSE: TJX is an off-price retailer specializing in apparel, footwear, accessories, and home merchandise. Its stores offer branded and designer products at prices generally below those of full-price retailers, using a flexible purchasing model that allows the company to acquire merchandise from manufacturers, retailers, and other suppliers.

The company operates 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.