Royal Bank of Canada Lowers Stock Position in The TJX Companies, Inc. $TJX

Key Points

• Royal Bank of Canada has reduced its stake in TJX Companies by 3.7%, now holding approximately 1.06% of the company's stock, valued at over $1.4 billion.
• Several institutional investors increased their positions in TJX, with notable increases including Knuff & Co LLC raising its stake by 8.5% during the same quarter.
• Analysts are optimistic about TJX, with multiple firms raising their price targets, the consensus rating classified as "Buy," and an average price target of $147.58.

Royal Bank of Canada decreased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,849,313 shares of the apparel and home fashions retailer's stock after selling 451,606 shares during the period. Royal Bank of Canada owned about 1.06% of TJX Companies worth $1,443,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. MAI Capital Management lifted its stake in shares of TJX Companies by 0.6% during the 1st quarter. MAI Capital Management now owns 133,058 shares of the apparel and home fashions retailer's stock valued at $16,206,000 after buying an additional 800 shares in the last quarter. Quarry LP purchased a new position in shares of TJX Companies during the 1st quarter valued at $555,000. Saudi Central Bank purchased a new position in shares of TJX Companies during the 1st quarter valued at $54,000. Baird Financial Group Inc. lifted its stake in shares of TJX Companies by 3.1% during the 1st quarter. Baird Financial Group Inc. now owns 3,741,794 shares of the apparel and home fashions retailer's stock valued at $455,751,000 after buying an additional 112,236 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. lifted its stake in shares of TJX Companies by 5.2% during the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 5,677 shares of the apparel and home fashions retailer's stock valued at $691,000 after buying an additional 279 shares in the last quarter. Institutional investors own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on TJX. TD Securities boosted their price target on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Citigroup boosted their price target 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. Daiwa Capital Markets began coverage on shares of TJX Companies in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price target on the stock. Cowen reiterated a "buy" rating on shares of TJX Companies in a research note on Tuesday, May 20th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of "Buy" and a consensus price target of $147.58.

TJX Companies Trading Up 1.1%

NYSE:TJX traded up $1.52 during mid-day trading on Thursday, hitting $140.99. 4,171,889 shares of the stock traded hands, compared to its average volume of 5,346,264. The stock has a market capitalization of $157.50 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 3.07 and a beta of 0.90. The TJX Companies, Inc. has a 52 week low of $111.22 and a 52 week high of $145.58. The firm's 50 day moving average is $129.19 and its two-hundred day moving average is $126.15. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The firm's revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.96 EPS. 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 research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently announced 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. This represents a $1.70 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is currently 38.72%.

TJX Companies Company Profile

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.