The TJX Companies, Inc. $TJX Stock: Canoe Financial LP Grows Stake

Canoe Financial LP lifted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 693,717 shares of the apparel and home fashions retailer's stock after purchasing an additional 32,600 shares during the period. Canoe Financial LP owned 0.06% of TJX Companies worth $92,674,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of TJX. Danske Bank A S acquired a new stake in TJX Companies during the second quarter worth about $829,000. Man Group plc bought a new position in TJX Companies during the second quarter valued at about $217,422,000. Sigma Planning Corp raised its holdings in TJX Companies by 82.0% in the 2nd quarter. Sigma Planning Corp now owns 20,903 shares of the apparel and home fashions retailer's stock valued at $3,167,000 after acquiring an additional 9,417 shares in the last quarter. Bank of America Corp DE acquired a new position in TJX Companies in the 2nd quarter valued at approximately $3,511,553,000. Finally, Sequoia Financial Advisors LLC lifted its position in shares of TJX Companies by 6.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 241,412 shares of the apparel and home fashions retailer's stock worth $36,574,000 after acquiring an additional 14,878 shares during the period. 91.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on TJX. Weiss Ratings reissued a "buy (b)" rating on shares of TJX Companies in a report on Monday. Citigroup lowered TJX Companies from a "buy" rating to a "neutral" rating and cut their target price for the company from $182.00 to $154.00 in a research note on Thursday, August 20th. Jefferies Financial Group cut TJX Companies from a "buy" rating to a "hold" rating and reduced their target price for the stock from $180.00 to $145.00 in a research report on Wednesday, August 26th. Morgan Stanley set a $178.00 target price on TJX Companies and gave the stock an "overweight" rating in a research report on Thursday, August 20th. Finally, BTIG Research reiterated a "buy" rating and set a $190.00 price target on shares of TJX Companies in a research note on Thursday, August 20th. Twenty-one research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $174.86.

TJX Companies Price Performance

NYSE:TJX opened at $145.46 on Thursday. The firm has a market cap of $160.00 billion, a PE ratio of 26.89, a price-to-earnings-growth ratio of 2.65 and a beta of 0.56. The TJX Companies, Inc. has a 12 month low of $122.78 and a 12 month high of $170.00. The company has a quick ratio of 0.56, a current ratio of 1.15 and a debt-to-equity ratio of 0.18. The company's 50-day moving average price is $136.29 and its two-hundred day moving average price is $149.86.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.03. The company had revenue of $15.18 billion during the quarter, compared to analyst estimates of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The company's revenue was up 5.4% on a year-over-year basis. During the same quarter last year, the business posted $1.10 earnings per share. TJX Companies has set its FY 2027 guidance at 5.150-5.200 EPS and its Q3 2027 guidance at 1.360-1.380 EPS. On average, equities analysts anticipate that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 12th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.92 dividend on an annualized basis and a yield of 1.3%. TJX Companies's payout ratio is currently 35.49%.

More TJX Companies News

Here are the key news stories impacting TJX Companies this week:

• Positive Sentiment: Resilient sales and earnings growth: TJX’s fiscal 2027 second-quarter comparable sales increased 4%, while earnings per share rose 24%. Management also cited abundant merchandise supply, supporting the off-price retailer’s ability to offer bargains and potentially capture customers from full-price competitors. TJX Can Its Bargain Supply Stay Strong as the Store Base Grows?
• Positive Sentiment: Expansion remains a growth catalyst: TJX plans to accelerate store growth to 4% beginning in fiscal 2028. Continued expansion could support revenue growth, although investors will be watching whether the company can maintain access to attractive excess merchandise as its store base increases. TJX Can Its Bargain Supply Stay Strong as the Store Base Grows?
• Positive Sentiment: Higher valuation target: Gordon Haskett raised its price target for TJX to $175, signaling additional potential upside from current trading levels and reinforcing the view that the company’s operating momentum remains attractive. Gordon Haskett Raises TJX Price Target
• Neutral Sentiment: Value-stock comparison: New analysis comparing TJX with Target is drawing attention to relative valuation and investment appeal. TJX’s roughly 27 price-to-earnings ratio reflects confidence in its growth and defensive off-price model, but may leave less room for disappointment than a lower-valued retailer. TGT or TJX Which Is the Better Value Stock Right Now?
• Neutral Sentiment: Leadership transition: Senior Executive Vice President and Group President Kenneth Canestrari is beginning a phased retirement. The planned transition appears orderly, but investors may monitor whether it affects execution or management continuity. TJX Announces Retirement of Kenneth Canestrari

About TJX Companies

The TJX Companies, Inc NYSE: TJX is an off-price retailer specializing in apparel, footwear, accessories, and home merchandise. Its stores offer branded and designer products at prices generally below those of full-price retailers, using a flexible purchasing model that allows the company to acquire merchandise from manufacturers, retailers, and other suppliers.

The company operates a portfolio of retail banners, including T.J. Maxx, Marshalls, HomeGoods, Sierra, and Homesense in the United States; Winners, HomeSense, and Marshalls in Canada; and TK Maxx and Homesense in Europe and Australia.

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