The TJX Companies, Inc. $TJX Stock Holdings Raised by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 9.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 198,282 shares of the apparel and home fashions retailer’s stock after acquiring an additional 17,357 shares during the quarter. Rakuten Investment Management Inc.’s holdings in TJX Companies were worth $26,530,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. BlackRock Inc. purchased a new position in shares of TJX Companies in the second quarter worth about $16,489,926,000. Bank of America Corp DE bought a new stake in shares of TJX Companies in the second quarter valued at approximately $3,511,553,000. Bank of New York Mellon Corp bought a new stake in shares of TJX Companies in the second quarter valued at approximately $1,598,731,000. Primecap Management Co. CA purchased a new stake in shares of TJX Companies during the 2nd quarter valued at approximately $1,435,617,000. Finally, Deutsche Bank AG purchased a new stake in shares of TJX Companies during the 2nd quarter valued at approximately $866,901,000. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Daiwa Securities Group cut their price objective on shares of TJX Companies from $168.00 to $155.00 in a report on Tuesday, August 25th. Evercore reissued an “outperform” rating and set a $173.00 target price (down from $175.00) on shares of TJX Companies in a report on Thursday, August 20th. Jefferies Financial Group cut shares of TJX Companies from a “buy” rating to a “hold” rating and lowered their target price for the company from $180.00 to $145.00 in a report on Wednesday, August 26th. Gordon Haskett downgraded TJX Companies from a “buy” rating to an “accumulate” rating and set a $155.00 target price on the stock. in a research report on Thursday, August 20th. Finally, The Goldman Sachs Group cut their price target on TJX Companies from $194.00 to $178.00 and set a “buy” rating for the company in a report on Thursday, August 20th. Twenty-one investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, TJX Companies has a consensus rating of “Moderate Buy” and an average target price of $174.95.

TJX Companies Stock Down 2.5%

Shares of NYSE:TJX opened at $137.54 on Wednesday. The firm has a fifty day moving average price of $135.65 and a two-hundred day moving average price of $151.02. 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 TJX Companies, Inc. has a one year low of $122.78 and a one year high of $170.00. The company has a market cap of $151.29 billion, a price-to-earnings ratio of 25.42, a PEG ratio of 2.67 and a beta of 0.58.

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

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Thursday, November 12th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $1.92 annualized dividend and a yield of 1.4%. TJX Companies’s dividend payout ratio (DPR) is currently 35.49%.

About TJX Companies

The TJX Companies, Inc (NYSE: TJX) is an off-price retailer specializing in apparel, footwear, accessories, and home merchandise. Its stores offer branded and designer products at prices generally below those of full-price retailers, using a flexible purchasing model that allows the company to acquire merchandise from manufacturers, retailers, and other suppliers.

The company operates 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.