The TJX Companies, Inc. $TJX Shares Bought by Conning Inc.

Key Points

• Conning Inc. increased its TJX Companies position by 22.1% in the third quarter, acquiring 7,794 additional shares for a total holding of 43,139 shares valued at approximately $5.7 million. Institutional investors collectively own 91.09% of TJX shares.
• TJX reported quarterly EPS of $1.22, exceeding the $1.19 consensus estimate, while revenue rose 5.4% year over year to $15.18 billion. Management guided for fiscal-year EPS of $5.15–$5.20.
• The company declared a quarterly dividend of $0.48 per share, or $1.92 annually, representing a 1.4% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $174.95, compared with the stock’s recent price of $138.37.

Conning Inc. raised its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 22.1% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,139 shares of the apparel and home fashions retailer's stock after acquiring an additional 7,794 shares during the period. Conning Inc.'s holdings in TJX Companies were worth $5,708,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of TJX Companies during the second quarter valued at approximately $16,489,926,000. Bank of America Corp DE purchased a new stake in shares of TJX Companies in the second quarter worth approximately $3,511,553,000. Bank of New York Mellon Corp purchased a new stake in shares of TJX Companies in the second quarter worth approximately $1,598,731,000. Primecap Management Co. CA purchased a new stake in shares of TJX Companies in the second quarter worth approximately $1,435,617,000. Finally, Deutsche Bank AG bought a new stake in shares of TJX Companies during the 2nd quarter worth approximately $866,901,000. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Stock Performance

TJX Companies stock opened at $138.37 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15. The company has a market capitalization of $152.20 billion, a PE ratio of 25.58, a P/E/G ratio of 2.62 and a beta of 0.56. The company has a 50 day moving average price of $135.78 and a 200-day moving average price of $151.36. The TJX Companies, Inc. has a fifty-two week low of $122.78 and a fifty-two week high of $170.00.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping 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 company had revenue of $15.18 billion for the quarter, compared to analysts' expectations of $15.16 billion. During the same quarter in the prior year, the firm earned $1.10 earnings per share. TJX Companies'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. As a group, equities analysts forecast that The TJX Companies, Inc. will post 5.22 earnings per share 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 dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.92 dividend on an annualized basis and a yield of 1.4%. TJX Companies's payout ratio is 35.49%.

More TJX Companies News

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

• Positive Sentiment: TJX is expected to report third-quarter results in November, with analysts forecasting a single-digit increase in earnings. The company’s current fiscal-year EPS guidance of $5.15–$5.20 and expected Q3 EPS of $1.36–$1.38 point to continued earnings growth. TJX Companies Q3 2027 Earnings: What to Expect
• Positive Sentiment: The retailer recently exceeded quarterly expectations, reporting $1.22 in EPS versus the $1.19 consensus estimate and revenue of $15.18 billion, up 5.4% year over year. Its off-price model, strong return on equity, and resilient demand continue to support the investment case. Why Is TJX Companies in Focus After a Strong Quarter?
• Neutral Sentiment: Wolfe Research initiated coverage with a “Peer Perform” rating, signaling a balanced view rather than a strong catalyst for additional gains. Wolfe Research Initiates Coverage of TJX Companies
• Neutral Sentiment: Bank of America lowered its price target to $170 from $175 but maintained a “Buy” rating. The reduced target is a modest negative, while the recommendation implies substantial potential upside from recent levels. BofA Adjusts Price Target on TJX
• Negative Sentiment: TJX shares recently decreased even as the broader market advanced, indicating possible investor profit-taking or concern that the stock’s roughly 25.6 P/E multiple already reflects much of its expected growth. No major company-specific deterioration was identified in the reports. TJX Stock Falls Amid Market Uptick

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on TJX shares. Citigroup cut TJX Companies from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $182.00 to $154.00 in a report on Thursday, August 20th. Morgan Stanley set a $178.00 price objective on TJX Companies and gave the company an "overweight" rating in a research report on Thursday, August 20th. Gordon Haskett lowered TJX Companies from a "buy" rating to an "accumulate" rating and set a $155.00 target price on the stock. in a research note on Thursday, August 20th. Wall Street Zen downgraded TJX Companies from a "buy" rating to a "hold" rating in a research report on Saturday, August 22nd. Finally, The Goldman Sachs Group decreased their target price on TJX Companies from $194.00 to $178.00 and set a "buy" rating for the company in a research report on Thursday, August 20th. Twenty-one analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, TJX Companies has a consensus rating of "Moderate Buy" and an average target price of $174.95.

About TJX Companies

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.

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