State Street Corp Boosts Stake in The TJX Companies, Inc. $TJX

State Street Corp lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,595,536 shares of the apparel and home fashions retailer’s stock after purchasing an additional 285,737 shares during the quarter. State Street Corp owned about 4.35% of TJX Companies worth $6,001,063,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TJX. Vanguard Group Inc. boosted its stake in TJX Companies by 0.7% during the second quarter. Vanguard Group Inc. now owns 101,141,056 shares of the apparel and home fashions retailer’s stock worth $12,489,909,000 after buying an additional 727,292 shares during the period. Geode Capital Management LLC lifted its holdings in shares of TJX Companies by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 26,070,916 shares of the apparel and home fashions retailer’s stock worth $3,205,927,000 after acquiring an additional 301,127 shares during the last quarter. Norges Bank acquired a new position in shares of TJX Companies in the 2nd quarter worth approximately $1,808,774,000. Ameriprise Financial Inc. boosted its position in shares of TJX Companies by 0.3% during the 1st quarter. Ameriprise Financial Inc. now owns 13,068,312 shares of the apparel and home fashions retailer’s stock worth $1,591,758,000 after purchasing an additional 35,800 shares during the period. Finally, Amundi increased its holdings in TJX Companies by 10.2% in the 1st quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer’s stock valued at $1,489,305,000 after purchasing an additional 1,104,292 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on TJX. Robert W. Baird upped their price target on TJX Companies from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, December 4th. Barclays set a $172.00 target price on TJX Companies and gave the stock an “overweight” rating in a research note on Thursday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $170.00 target price on shares of TJX Companies in a research report on Thursday, December 4th. Erste Group Bank started coverage on shares of TJX Companies in a research report on Friday, September 5th. They set a “buy” rating on the stock. Finally, TD Cowen upped their target price on shares of TJX Companies from $162.00 to $167.00 and gave the stock a “buy” rating in a research note on Thursday, November 20th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $160.37.

Insiders Place Their Bets

In other news, CEO Ernie Herrman sold 30,000 shares of the company’s stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of $148.81, for a total transaction of $4,464,300.00. Following the completion of the transaction, the chief executive officer directly owned 535,143 shares of the company’s stock, valued at approximately $79,634,629.83. This represents a 5.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Amy B. Lane sold 500 shares of the stock in a transaction dated Friday, November 21st. The shares were sold at an average price of $151.40, for a total value of $75,700.00. Following the completion of the transaction, the director owned 22,212 shares in the company, valued at approximately $3,362,896.80. The trade was a 2.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 54,863 shares of company stock valued at $8,226,366. Insiders own 0.13% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX opened at $153.65 on Tuesday. The stock has a 50-day simple moving average of $145.46 and a 200-day simple moving average of $135.74. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.43 and a current ratio of 1.09. The stock has a market capitalization of $170.62 billion, a PE ratio of 33.92, a PEG ratio of 3.43 and a beta of 0.76. The TJX Companies, Inc. has a 1 year low of $112.10 and a 1 year high of $154.66.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.06. The firm had revenue of $15.12 billion for the quarter, compared to analyst estimates of $14.80 billion. TJX Companies had a net margin of 8.68% and a return on equity of 58.30%. The business’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 earnings per share. TJX Companies has set its Q4 2026 guidance at 1.330-1.360 EPS and its FY 2026 guidance at 4.630-4.660 EPS. On average, analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th were given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, November 13th. TJX Companies’s payout ratio is 37.53%.

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.