The TJX Companies, Inc. $TJX Shares Bought by Flputnam Investment Management Co.

Key Points

• Flputnam Investment Management Co. increased its stake in The TJX Companies, Inc. by 3.6% during Q1, now holding 402,377 shares valued at approximately $49 million.
• Analyst reports indicate a positive outlook for TJX Companies, with an average target price of $147.58 and multiple upgrades, including a "strong-buy" rating from Daiwa America.
• In its latest earnings report, TJX Companies exceeded profit expectations with earnings per share of $1.10 and revenues of $14.40 billion, reflecting a year-over-year growth of 6.9%.

Flputnam Investment Management Co. raised its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 402,377 shares of the apparel and home fashions retailer's stock after buying an additional 13,939 shares during the quarter. TJX Companies comprises about 0.9% of Flputnam Investment Management Co.'s portfolio, making the stock its 21st biggest holding. Flputnam Investment Management Co.'s holdings in TJX Companies were worth $49,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. TCTC Holdings LLC lifted its position in TJX Companies by 210.1% in the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after buying an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC increased its stake in TJX Companies by 58.8% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after purchasing an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC grew its position in TJX Companies by 99.3% in the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after buying an additional 149 shares during the last quarter. Inlight Wealth Management LLC purchased a new position in TJX Companies in the 1st quarter valued at $37,000. Finally, Activest Wealth Management lifted its holdings in TJX Companies by 4,485.7% in the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock valued at $39,000 after acquiring an additional 314 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target 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. TD Securities upped their price target on TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. Daiwa America upgraded TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. Morgan Stanley increased their target price on TJX Companies from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Finally, UBS Group increased their target price on TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, TJX Companies currently has an average rating of "Buy" and an average target price of $147.58.

Insider Buying and Selling

In other news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director owned 22,712 shares in the company, valued at $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.13% of the stock is currently owned by insiders.

TJX Companies Trading Down 0.4%

NYSE:TJX opened at $136.63 on Friday. The stock's 50-day moving average is $128.35 and its two-hundred day moving average is $125.89. The TJX Companies, Inc. has a fifty-two week low of $111.22 and a fifty-two week high of $145.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52. The stock has a market cap of $152.63 billion, a PE ratio of 31.12, a price-to-earnings-growth ratio of 3.07 and a beta of 0.89.

TJX Companies (NYSE:TJX - Get Free Report) last posted its 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. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The firm had revenue of $14.40 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the company earned $0.96 EPS. The company'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 research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders 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 dividend yield of 1.2%. TJX Companies's dividend payout ratio (DPR) is 38.72%.

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.

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