Sumitomo Mitsui DS Asset Management Company Ltd Purchases 37,669 Shares of The TJX Companies, Inc. $TJX

Key Points

• Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in TJX Companies by 24.6% in the second quarter, now owning 190,784 shares worth approximately $23.56 million.
• Recent analyst ratings show a strong sentiment towards TJX Companies, with an average rating of "Buy" and a consensus target price of $147.58.
• The company recently reported quarterly earnings of $1.10 EPS, exceeding expectations and marking a revenue increase of 6.9% year-over-year.

Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 24.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 190,784 shares of the apparel and home fashions retailer's stock after purchasing an additional 37,669 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in TJX Companies were worth $23,560,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TCTC Holdings LLC boosted its holdings in shares of TJX Companies by 210.1% in the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock worth $26,000 after purchasing an additional 145 shares in the last quarter. Atlantic Edge Private Wealth Management LLC boosted its holdings in TJX Companies by 58.8% during the 1st 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 acquiring an additional 110 shares during the period. Iron Horse Wealth Management LLC boosted its holdings in TJX Companies by 99.3% during 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 acquiring an additional 149 shares during the period. Inlight Wealth Management LLC purchased a new stake in TJX Companies during the 1st quarter valued at about $37,000. Finally, Activest Wealth Management boosted its holdings in TJX Companies by 4,485.7% during the 1st 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. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TJX has been the subject of several analyst reports. Macquarie restated a "buy" rating on shares of TJX Companies in a report on Monday, August 11th. Sanford C. Bernstein increased their target price on TJX Companies from $145.00 to $152.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Robert W. Baird increased their target price on TJX Companies from $143.00 to $152.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. JPMorgan Chase & Co. increased their target price on TJX Companies from $145.00 to $148.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Finally, Morgan Stanley increased their target price on TJX Companies from $140.00 to $150.00 and gave the company an "overweight" rating in a 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $147.58.

TJX Companies Trading Down 0.2%

TJX traded down $0.34 during midday trading on Monday, reaching $139.44. 3,683,147 shares of the company's stock traded hands, compared to its average volume of 4,656,251. The firm has a fifty day moving average of $133.23 and a two-hundred day moving average of $127.78. The stock has a market capitalization of $155.19 billion, a price-to-earnings ratio of 31.76, a P/E/G ratio of 3.14 and a beta of 0.90. 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 TJX Companies, Inc. has a 52 week low of $111.22 and a 52 week high of $145.58.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) 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 quarter in the prior year, the company earned $0.96 EPS. The business's revenue was up 6.9% compared to the same quarter last year. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be given a $0.425 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. TJX Companies's dividend payout ratio is currently 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.