Erste Asset Management GmbH Grows Stock Position in The TJX Companies, Inc. $TJX

Key Points

• Erste Asset Management GmbH increased its stake in TJX Companies by 705.4%, now holding approximately 679,450 shares worth about $81.7 million.
• Institutional investors now own 91.09% of TJX Companies, with several firms significantly increasing their positions in the first quarter.
• Currently, TJX has a consensus rating of "Buy" among analysts, with a price target range increasing to as high as $147.00.

Erste Asset Management GmbH lifted its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 705.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 679,450 shares of the apparel and home fashions retailer's stock after buying an additional 595,083 shares during the quarter. TJX Companies makes up approximately 1.0% of Erste Asset Management GmbH's portfolio, making the stock its 20th biggest position. Erste Asset Management GmbH owned 0.06% of TJX Companies worth $81,704,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. TCTC Holdings LLC grew its position in shares of TJX Companies by 210.1% during the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock worth $26,000 after buying an additional 145 shares in the last quarter. Atlantic Edge Private Wealth Management LLC grew its position in shares of TJX Companies by 58.8% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after buying an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC grew its position in shares of TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after buying an additional 149 shares in the last quarter. Inlight Wealth Management LLC acquired a new position in shares of TJX Companies during the first quarter worth about $37,000. Finally, Rialto Wealth Management LLC grew its position in shares of TJX Companies by 105.9% during the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after buying an additional 179 shares in the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the sale, the director owned 22,712 shares in the company, valued at $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.13% of the company's stock.

TJX Companies Stock Performance

NYSE TJX traded down $1.1310 on Friday, reaching $136.3790. The stock had a trading volume of 5,774,585 shares, compared to its average volume of 5,504,355. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.51 and a current ratio of 1.17. The TJX Companies, Inc. has a 12-month low of $111.22 and a 12-month high of $145.58. The business's 50-day moving average price is $127.00 and its 200 day moving average price is $125.48. The stock has a market cap of $152.35 billion, a P/E ratio of 31.07, a price-to-earnings-growth ratio of 3.15 and a beta of 0.89.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The company had revenue of $14.40 billion during the quarter, compared to analysts' expectations of $14.12 billion. During the same quarter in the previous year, the business earned $0.96 earnings per share. The firm's revenue for the quarter was up 6.9% on a year-over-year basis. 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, equities 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 disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be paid a $0.425 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.2%. TJX Companies's payout ratio is currently 40.00%.

Analyst Ratings Changes

Several research firms recently weighed in on TJX. Loop Capital set a $150.00 target price on TJX Companies and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Citigroup boosted their target price on TJX Companies from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday. UBS Group boosted their target price on TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Bank of America boosted their target price on TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $147.58.

About TJX Companies

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.