Clarus Wealth Advisors Raises Holdings in The TJX Companies, Inc. $TJX

Key Points

• Clarus Wealth Advisors increased its stake in TJX Companies by 33.4%, owning 10,376 shares valued at approximately $1.3 million following a purchase of 2,598 additional shares.
• Analysts are optimistic about TJX Companies, with price targets raised by several firms, including an increase from $143.00 to $152.00 by Robert W. Baird, highlighting a strong consensus rating of "Buy".
• For Q2, TJX Companies reported $1.10 EPS, beating expectations, with revenues of $14.40 billion, a 6.9% year-over-year increase.

Clarus Wealth Advisors increased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 33.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,376 shares of the apparel and home fashions retailer's stock after purchasing an additional 2,598 shares during the quarter. Clarus Wealth Advisors' holdings in TJX Companies were worth $1,300,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TJX. Nuveen LLC purchased a new position in TJX Companies during the 1st quarter valued at about $1,330,717,000. GAMMA Investing LLC boosted its stake in shares of TJX Companies by 14,486.1% in the first quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock valued at $354,696,000 after buying an additional 2,892,151 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in TJX Companies by 65.8% during the first quarter. Assenagon Asset Management S.A. now owns 3,282,351 shares of the apparel and home fashions retailer's stock worth $399,790,000 after purchasing an additional 1,302,845 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of TJX Companies in the fourth quarter valued at $136,753,000. Finally, Amundi increased its stake in TJX Companies by 10.2% during the first quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer's stock worth $1,489,305,000 after acquiring an additional 1,104,292 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Price Performance

NYSE:TJX traded down $0.32 during midday trading on Friday, hitting $139.61. The company had a trading volume of 7,503,417 shares, compared to its average volume of 4,569,886. The stock's fifty day moving average price is $132.91 and its 200-day moving average price is $127.55. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The TJX Companies, Inc. has a 52-week low of $111.22 and a 52-week high of $145.58. The company has a market capitalization of $155.38 billion, a PE ratio of 31.80, a P/E/G ratio of 3.15 and a beta of 0.90.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.09. The business had revenue of $14.40 billion for 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% compared to the same quarter last year. During the same quarter in the prior 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. As a group, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on TJX. Sanford C. Bernstein raised their price target on TJX Companies from $145.00 to $152.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Wells Fargo & Company lifted their price objective on TJX Companies from $120.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 21st. UBS Group upped their target price on shares of TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Macquarie restated a "buy" rating on shares of TJX Companies in a research report on Monday, August 11th. Finally, JPMorgan Chase & Co. lifted their target price on TJX Companies from $145.00 to $148.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, TJX Companies has an average rating of "Buy" and an average price target of $147.58.

TJX Companies 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.