Integrated Wealth Concepts LLC Buys 19,123 Shares of The TJX Companies, Inc. $TJX

Integrated Wealth Concepts LLC raised its stake in The TJX Companies, Inc. (NYSE:TJX) by 38.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 69,286 shares of the apparel and home fashions retailer’s stock after buying an additional 19,123 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in TJX Companies were worth $10,498,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of TJX. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna increased its position in shares of TJX Companies by 120.3% in the fourth quarter. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna now owns 163 shares of the apparel and home fashions retailer’s stock worth $25,000 after purchasing an additional 89 shares during the period. Entrust Financial LLC acquired a new position in TJX Companies in the fourth quarter valued at about $26,000. Wilkerson Advisory Group LLC bought a new stake in TJX Companies during the fourth quarter worth about $26,000. IMG Wealth Management Inc. lifted its position in TJX Companies by 65.7% during the fourth quarter. IMG Wealth Management Inc. now owns 174 shares of the apparel and home fashions retailer’s stock worth $27,000 after purchasing an additional 69 shares during the period. Finally, Cetera Trust Company N.A acquired a new stake in TJX Companies during the second quarter worth about $27,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Up 0.3%

Shares of NYSE TJX opened at $126.44 on Friday. The company has a market cap of $139.08 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 2.27 and a beta of 0.60. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18. The TJX Companies, Inc. has a 12 month low of $125.56 and a 12 month high of $170.00. The stock has a 50-day moving average price of $148.12 and a two-hundred day moving average price of $154.53.

TJX Companies (NYSE:TJX) last posted 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 for 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% compared to the same quarter last year. During the same period last year, the company posted $1.10 EPS. 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 forecast that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

TJX has been the subject of several analyst reports. Barclays set a $188.00 target price on shares of TJX Companies and gave the company an “overweight” rating in a research report on Thursday, August 20th. Wells Fargo & Company reduced their price target on shares of TJX Companies from $160.00 to $140.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 20th. Truist Financial set a $190.00 price objective on shares of TJX Companies and gave the company a “buy” rating in a research note on Thursday, May 21st. Evercore restated an “outperform” rating and set a $173.00 price objective on shares of TJX Companies in a research report on Thursday, August 20th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $175.00 target price on shares of TJX Companies in a research note on Tuesday, August 25th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, TJX Companies presently has an average rating of “Moderate Buy” and an average target price of $171.63.

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.