UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Sells 270,305 Shares of The TJX Companies, Inc. $TJX

Key Points

• UBS AM reduced its stake in The TJX Companies, Inc. by 2.7%, holding approximately $1.21 billion worth of the company's stock after selling 270,305 shares in the 1st quarter.
• Analyst ratings for TJX have generally improved, with Barclays, Wells Fargo, and JPMorgan all increasing their price targets and issuing "overweight" or "buy" ratings, indicating a consensus rating of "Buy" with a target price of $147.58.
• The TJX Companies reported a quarterly earnings per share of $1.10, surpassing estimates, and noted a revenue increase of 6.9% year-over-year, highlighting positive financial performance.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,917,519 shares of the apparel and home fashions retailer's stock after selling 270,305 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.89% of TJX Companies worth $1,207,954,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Clear Creek Financial Management LLC raised its position in shares of TJX Companies by 1.8% during the first quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock worth $586,000 after acquiring an additional 83 shares during the last quarter. Knuff & Co LLC raised its position in shares of TJX Companies by 8.5% during the first quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer's stock worth $129,000 after acquiring an additional 83 shares during the last quarter. Salem Investment Counselors Inc. raised its position in shares of TJX Companies by 2.2% during the first quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock worth $485,000 after acquiring an additional 86 shares during the last quarter. Financial Network Wealth Advisors LLC raised its position in shares of TJX Companies by 7.8% during the first quarter. Financial Network Wealth Advisors LLC now owns 1,207 shares of the apparel and home fashions retailer's stock worth $147,000 after acquiring an additional 87 shares during the last quarter. Finally, Amplius Wealth Advisors LLC raised its position in shares of TJX Companies by 4.2% during the first quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock worth $283,000 after acquiring an additional 93 shares during the last quarter. Institutional investors own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on TJX shares. Bank of America raised their target price on 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 target price on TJX Companies from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Evercore ISI raised their target price on TJX Companies from $150.00 to $162.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. raised their target price on TJX Companies from $145.00 to $148.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Finally, Daiwa Capital Markets started coverage on TJX Companies in a research note on Tuesday, July 8th. They set an "outperform" rating and a $133.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, TJX Companies presently has an average rating of "Buy" and a consensus price target of $147.58.

TJX Companies Stock Up 0.7%

Shares of TJX stock traded up $0.97 during trading hours on Thursday, reaching $140.83. The company had a trading volume of 5,197,344 shares, compared to its average volume of 5,271,569. The TJX Companies, Inc. has a 12 month low of $111.22 and a 12 month high of $145.58. 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 business has a fifty day simple moving average of $131.12 and a 200-day simple moving average of $126.87. The company has a market cap of $156.74 billion, a price-to-earnings ratio of 32.08, a price-to-earnings-growth ratio of 3.15 and a beta of 0.90.

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 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The company had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter last year, the company earned $0.96 earnings per share. The company's revenue for the quarter was up 6.9% on a year-over-year basis. 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, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

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.