The TJX Companies, Inc. $TJX is Junto Capital Management LP’s 5th Largest Position

Junto Capital Management LP lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,006,356 shares of the apparel and home fashions retailer’s stock after buying an additional 31,638 shares during the quarter. TJX Companies makes up 2.7% of Junto Capital Management LP’s holdings, making the stock its 5th largest holding. Junto Capital Management LP’s holdings in TJX Companies were worth $152,463,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. California State Teachers Retirement System lifted its stake in TJX Companies by 15,228.3% in the second quarter. California State Teachers Retirement System now owns 258,776,847 shares of the apparel and home fashions retailer’s stock worth $39,204,692,000 after acquiring an additional 257,088,620 shares during the period. BlackRock Inc. purchased a new position in TJX Companies during the 2nd quarter valued at about $16,489,926,000. Geode Capital Management LLC increased its position in TJX Companies by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 27,011,104 shares of the apparel and home fashions retailer’s stock valued at $4,134,174,000 after purchasing an additional 673,690 shares during the period. Bank of America Corp DE raised its holdings in shares of TJX Companies by 2.0% in the 4th quarter. Bank of America Corp DE now owns 25,620,925 shares of the apparel and home fashions retailer’s stock valued at $3,935,630,000 after purchasing an additional 495,989 shares in the last quarter. Finally, Capital International Investors lifted its position in shares of TJX Companies by 2.0% in the 4th quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer’s stock worth $2,455,911,000 after purchasing an additional 308,408 shares during the period. Hedge funds and other institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on TJX. Wells Fargo & Company cut their price objective on shares of TJX Companies from $160.00 to $140.00 and set an “equal weight” rating on the stock in a report on Thursday, August 20th. Citigroup cut TJX Companies from a “buy” rating to a “neutral” rating and dropped their target price for the company from $182.00 to $154.00 in a research report on Thursday, August 20th. Guggenheim set a $152.00 price target on TJX Companies in a report on Monday, August 31st. Morgan Stanley set a $178.00 price objective on TJX Companies and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Finally, Wall Street Zen downgraded TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Two investment 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $171.63.

TJX Companies Price Performance

Shares of TJX opened at $126.05 on Thursday. The company has a market cap of $138.65 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 2.32 and a beta of 0.60. The TJX Companies, Inc. has a twelve month low of $125.81 and a twelve 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 has a 50 day moving average of $148.67 and a two-hundred day moving average of $154.75.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.The business had revenue of $15.18 billion for the quarter, compared to the consensus estimate of $15.16 billion. During the same period in the prior year, the firm posted $1.10 earnings per share. The business’s quarterly revenue was up 5.4% on a year-over-year basis. 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. As a group, analysts predict that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

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.