The TJX Companies, Inc. $TJX Shares Acquired by Ritholtz Wealth Management

Key Points

• Ritholtz Wealth Management increased its stake in TJX Companies by 20.5% during the 2nd quarter, bringing its total holdings to 23,032 shares valued at approximately $2.84 million.
• Analysts have raised price targets for TJX Companies, with Citigroup increasing its target from $140 to $160, and the stock currently holds a consensus rating of Buy with an average target price of $148.50.
• The company reported earnings of $1.10 per share for the last quarter, exceeding estimates, with revenue of $14.40 billion, a growth of 6.9% year-over-year.

Ritholtz Wealth Management grew its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 20.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,032 shares of the apparel and home fashions retailer's stock after buying an additional 3,915 shares during the quarter. Ritholtz Wealth Management's holdings in TJX Companies were worth $2,844,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of TJX Companies by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer's stock valued at $12,230,396,000 after buying an additional 1,099,129 shares during the period. Ameriprise Financial Inc. increased its stake in TJX Companies by 0.3% in the 1st quarter. Ameriprise Financial Inc. now owns 13,068,312 shares of the apparel and home fashions retailer's stock valued at $1,591,758,000 after purchasing an additional 35,800 shares in the last quarter. Amundi increased its stake in TJX Companies by 10.2% in the 1st quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer's stock valued at $1,489,305,000 after purchasing an additional 1,104,292 shares in the last quarter. Nuveen LLC purchased a new position in TJX Companies in the 1st quarter valued at approximately $1,330,717,000. Finally, Invesco Ltd. increased its stake in TJX Companies by 2.8% in the 1st quarter. Invesco Ltd. now owns 9,000,600 shares of the apparel and home fashions retailer's stock valued at $1,096,273,000 after purchasing an additional 247,579 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TJX shares. Citigroup raised their price objective on TJX Companies from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Sanford C. Bernstein raised their price objective on TJX Companies from $145.00 to $152.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, August 23rd. Macquarie reaffirmed a "buy" rating on shares of TJX Companies in a research note on Monday, August 11th. Finally, Erste Group Bank started coverage on TJX Companies in a research note on Friday, September 5th. They issued a "buy" rating for the company. One equities research 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 stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $148.50.

TJX Companies Stock Performance

TJX Companies stock opened at $145.00 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17. The stock has a fifty day moving average of $138.88 and a two-hundred day moving average of $130.60. The company has a market capitalization of $161.38 billion, a price-to-earnings ratio of 33.03, a PEG ratio of 3.20 and a beta of 0.92. The TJX Companies, Inc. has a fifty-two week low of $111.73 and a fifty-two week high of $146.46.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.09. The company had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.TJX Companies's revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $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. On average, analysts anticipate 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 given a $0.425 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. TJX Companies's payout ratio is currently 38.72%.

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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