State Street Corp Acquires 1,388,026 Shares of The TJX Companies, Inc. $TJX

State Street Corp grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.9% during the second quarter, Holdings Channel.com reports. The firm owned 49,709,223 shares of the apparel and home fashions retailer’s stock after acquiring an additional 1,388,026 shares during the quarter. State Street Corp’s holdings in TJX Companies were worth $7,530,947,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Security National Bank of SO Dak acquired a new stake in shares of TJX Companies in the second quarter valued at about $60,000. Junto Capital Management LP raised its holdings in TJX Companies by 3.2% during the second quarter. Junto Capital Management LP now owns 1,006,356 shares of the apparel and home fashions retailer’s stock worth $152,463,000 after acquiring an additional 31,638 shares in the last quarter. Bouchey Financial Group Ltd. boosted its position in TJX Companies by 7.0% during the second quarter. Bouchey Financial Group Ltd. now owns 1,591 shares of the apparel and home fashions retailer’s stock valued at $241,000 after purchasing an additional 104 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in TJX Companies by 6.6% during the second quarter. Sequoia Financial Advisors LLC now owns 241,412 shares of the apparel and home fashions retailer’s stock valued at $36,574,000 after purchasing an additional 14,878 shares during the last quarter. Finally, Van Hulzen Asset Management LLC grew its stake in TJX Companies by 4.7% in the second quarter. Van Hulzen Asset Management LLC now owns 77,901 shares of the apparel and home fashions retailer’s stock valued at $11,802,000 after purchasing an additional 3,490 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

TJX has been the topic of a number of analyst reports. Erste Group Bank cut TJX Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, July 15th. UBS Group reissued a “buy” rating and issued a $198.00 target price (up from $197.00) on shares of TJX Companies in a research note on Thursday, August 20th. Weiss Ratings lowered shares of TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research report on Tuesday, July 21st. Wells Fargo & Company cut their price target on shares of TJX Companies from $160.00 to $140.00 and set an “equal weight” rating for the company in a research note on Thursday, August 20th. Finally, Wall Street Zen cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.63.

TJX Companies Stock Performance

NYSE TJX traded down $0.08 on Tuesday, reaching $130.88. The stock had a trading volume of 3,964,329 shares, compared to its average volume of 5,883,080. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56. The firm has a fifty day moving average of $144.51 and a two-hundred day moving average of $152.93. The TJX Companies, Inc. has a 1-year low of $122.78 and a 1-year high of $170.00. The company has a market cap of $143.97 billion, a P/E ratio of 24.19, a price-to-earnings-growth ratio of 2.29 and a beta of 0.60.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.03. The company had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $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 research analysts anticipate that The TJX Companies, Inc. will post 5.22 EPS for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Shareholders of record on Thursday, November 12th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.5%. The ex-dividend date is Thursday, November 12th. TJX Companies’s payout ratio is currently 35.49%.

Key Headlines Impacting TJX Companies

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

• Positive Sentiment: Retail sales resilience supports off-price retailers. August U.S. retail sales rose 1.2% despite inflation and elevated interest rates, helping position TJX as one of five retail stocks that could benefit from consumers seeking value. 5 Solid Retail Stocks to Grab as Sales Roar Despite High Inflation
• Positive Sentiment: Analysts see valuation and operational upside. Coverage highlights TJX’s discount to industry valuation, solid comparable-store sales, store expansion and positive earnings revisions. Its off-price model may also benefit as shoppers trade down for bargains. The TJX Companies Stock Trading at a Discount: Buy or Hold?
• Positive Sentiment: Jim Cramer characterized the pullback as a buying opportunity. Cramer said he and Jeff Marks had purchased TJX shares after a caller discussed adding to an existing position, reinforcing the bullish view among some investors. Jim Cramer Notes He Is Buying The Pullback In TJX
• Neutral Sentiment: Several reports noted recent stability or modest gains and continued investor interest in TJX’s off-price momentum, but provided no new company-specific financial results. TJX Companies Stock Holds Recent Gains
• Negative Sentiment: Cost and macroeconomic risks are weighing on sentiment. Commentary cites rising costs, tariff risks and oil-related pressure on consumer spending. TJX has also been grouped with retail stocks experiencing significant declines and technically oversold conditions, suggesting continued volatility. 3 Retail Stocks Getting Crushed

TJX Companies Profile

The TJX Companies, Inc is an off-price retailer specializing in apparel and home fashions. The company sells brand-name, designer and other merchandise at prices generally below those of full-price retailers. Its product assortment includes women’s, men’s and children’s clothing, footwear, accessories, beauty products, home furnishings, decor and other household goods.

TJX operates through 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.