Triasima Portfolio Management inc. Has $6.32 Million Position in The TJX Companies, Inc. $TJX

Triasima Portfolio Management inc. raised its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 7.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,160 shares of the apparel and home fashions retailer's stock after purchasing an additional 3,459 shares during the period. TJX Companies accounts for approximately 1.2% of Triasima Portfolio Management inc.'s investment portfolio, making the stock its 27th biggest position. Triasima Portfolio Management inc.'s holdings in TJX Companies were worth $6,318,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nuveen LLC bought a new stake in shares of TJX Companies in the first quarter valued at about $1,330,717,000. Assenagon Asset Management S.A. boosted its position in shares of TJX Companies by 65.8% in the first quarter. Assenagon Asset Management S.A. now owns 3,282,351 shares of the apparel and home fashions retailer's stock valued at $399,790,000 after acquiring an additional 1,302,845 shares during the period. Amundi boosted its position in shares of TJX Companies by 10.2% in the first quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer's stock valued at $1,489,305,000 after acquiring an additional 1,104,292 shares during the period. Vanguard Group Inc. boosted its position in shares of TJX Companies by 1.1% in the first quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer's stock valued at $12,230,396,000 after acquiring an additional 1,099,129 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of TJX Companies by 17.7% in the first quarter. Goldman Sachs Group Inc. now owns 6,807,714 shares of the apparel and home fashions retailer's stock valued at $829,180,000 after acquiring an additional 1,025,329 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Barclays boosted their target price on shares of TJX Companies from $147.00 to $155.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. boosted their target price on shares of TJX Companies from $148.00 to $149.00 and gave the company an "overweight" rating in a research report on Monday. Daiwa Capital Markets began coverage on shares of TJX Companies in a research report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 target price for the company. Morgan Stanley upped their price objective on shares of TJX Companies from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Finally, Weiss Ratings reaffirmed a "buy (b+)" rating on shares of TJX Companies in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, TJX Companies presently has a consensus rating of "Buy" and an average target price of $147.63.

TJX Companies Trading Down 0.3%

TJX opened at $142.70 on Wednesday. The TJX Companies, Inc. has a twelve month low of $111.73 and a twelve month high of $145.58. The company has a 50-day simple moving average of $137.20 and a 200 day simple moving average of $129.75. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $158.81 billion, a price-to-earnings ratio of 32.51, a P/E/G ratio of 3.22 and a beta of 0.92.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping analysts' consensus estimates 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 in the prior 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. Analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

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

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