The TJX Companies, Inc. $TJX Shares Purchased by US Bancorp DE

Key Points

• US Bancorp DE increased its holdings in The TJX Companies by 6.7% during the second quarter, now owning 646,637 shares valued at $79.9 million.
• Analysts have raised their price targets on TJX shares, with UBS setting a target of $172 and establishing a “buy” rating, marking a generally positive outlook from multiple firms.
• The TJX Companies recently reported earnings of $1.10 per share, exceeding estimates, with revenues increasing by 6.9% year-over-year, and announced a quarterly dividend of $0.425 per share.

US Bancorp DE grew its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 6.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 646,637 shares of the apparel and home fashions retailer's stock after buying an additional 40,640 shares during the period. US Bancorp DE owned 0.06% of TJX Companies worth $79,855,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. TCTC Holdings LLC grew its position in 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 during the period. Atlantic Edge Private Wealth Management LLC grew its position in 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 during the period. Iron Horse Wealth Management LLC grew its position in 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 during the period. Inlight Wealth Management LLC acquired a new position in TJX Companies during the first quarter worth about $37,000. Finally, Activest Wealth Management grew its position in TJX Companies by 4,485.7% during the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock worth $39,000 after buying an additional 314 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TJX has been the topic of several recent analyst reports. UBS Group upped their target price on shares of TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Bank of America raised their price objective on shares of TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Citigroup raised their price objective on shares of TJX Companies from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Barclays raised their price objective on shares of TJX Companies from $147.00 to $155.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Finally, JPMorgan Chase & Co. raised their price objective on shares of TJX Companies from $148.00 to $149.00 and gave the stock an "overweight" rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $147.63.

TJX Companies Stock Down 1.5%

Shares of NYSE TJX opened at $138.57 on Friday. The TJX Companies, Inc. has a 1 year low of $111.73 and a 1 year high of $145.58. The firm's 50 day moving average price is $137.78 and its 200 day moving average price is $129.96. The firm has a market cap of $154.22 billion, a P/E ratio of 31.56, a price-to-earnings-growth ratio of 3.12 and a beta of 0.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17.

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 analysts' consensus estimates of $1.01 by $0.09. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The firm had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter last year, the business earned $0.96 earnings per share. TJX Companies'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. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 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 4th. Investors of record on Thursday, November 13th will be given a dividend of $0.425 per share. The ex-dividend date is Thursday, November 13th. This represents a $1.70 dividend on an annualized basis and a 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.

Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The TJX Companies, Inc. (NYSE:TJX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.