The TJX Companies, Inc. $TJX Shares Purchased by DnB Asset Management AS

Key Points

• DnB Asset Management AS increased its stake in TJX Companies by 42.8%, acquiring an additional 101,583 shares and bringing its total holdings to 338,759 shares worth approximately $41.26 million.
• The company reported EPS of $1.10 for the last quarter, surpassing estimates and achieving a 6.9% revenue increase year-over-year to $14.40 billion.
• TJX Companies announced a quarterly dividend of $0.425 per share, reflecting an annualized yield of 1.2% with a payout ratio of 38.72%.

DnB Asset Management AS boosted its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 42.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 338,759 shares of the apparel and home fashions retailer's stock after purchasing an additional 101,583 shares during the period. DnB Asset Management AS's holdings in TJX Companies were worth $41,261,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of TJX Companies by 1.1% during the first quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer's stock worth $12,230,396,000 after buying an additional 1,099,129 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of 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 during the last quarter. Royal Bank of Canada lifted its position in shares of TJX Companies by 12.9% during the 4th quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock worth $1,486,074,000 after purchasing an additional 1,403,561 shares during the last quarter. Amundi grew its stake in shares of 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 purchasing an additional 1,104,292 shares in the last quarter. Finally, Nuveen LLC purchased a new position in TJX Companies in the first quarter valued at $1,330,717,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of recent analyst reports. Telsey Advisory Group reiterated an "outperform" rating and issued a $155.00 price objective (up previously from $150.00) on shares of TJX Companies in a report on Wednesday, August 20th. JPMorgan Chase & Co. increased their price target on shares of TJX Companies from $145.00 to $148.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Bank of America boosted their price objective on shares of TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. UBS Group increased their target price on shares of TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Finally, Sanford C. Bernstein upped their price objective on shares of TJX Companies from $145.00 to $152.00 and gave the company an "outperform" rating in a research note 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 assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $147.58.

TJX Companies Stock Performance

NYSE TJX opened at $139.33 on Thursday. The business's 50 day moving average is $129.19 and its two-hundred day moving average is $126.15. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $155.65 billion, a price-to-earnings ratio of 31.74, a PEG ratio of 3.07 and a beta of 0.90. The TJX Companies, Inc. has a 12-month low of $111.22 and a 12-month high of $145.58.

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 EPS for the quarter, beating the consensus estimate of $1.01 by $0.09. The firm had revenue of $14.40 billion during 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 for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the business 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. Research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. 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 presently 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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