NewEdge Advisors LLC Has $158.65 Million Stake in The TJX Companies, Inc. $TJX

NewEdge Advisors LLC raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 2.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,047,163 shares of the apparel and home fashions retailer’s stock after purchasing an additional 21,068 shares during the quarter. NewEdge Advisors LLC owned 0.10% of TJX Companies worth $158,646,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. California State Teachers Retirement System grew its position in TJX Companies by 15,228.3% during 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 buying an additional 257,088,620 shares in the last quarter. BlackRock Inc. bought a new position in shares of TJX Companies during the 2nd quarter worth about $16,489,926,000. Geode Capital Management LLC lifted its holdings in shares of 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 worth $4,134,174,000 after acquiring an additional 673,690 shares during the period. Bank of America Corp DE boosted its position in shares of TJX Companies by 2.0% during 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 acquiring an additional 495,989 shares in the last quarter. Finally, Capital International Investors boosted its position in shares of TJX Companies by 2.0% during the 4th quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer’s stock valued at $2,455,911,000 after acquiring an additional 308,408 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

Insider Activity

In other news, Director Jackwyn Nemerov sold 957 shares of the company’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $168.59, for a total transaction of $161,340.63. Following the transaction, the director owned 802 shares of the company’s stock, valued at $135,209.18. This represents a 54.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.15% of the stock is owned by company insiders.

Analyst Ratings Changes

TJX has been the subject of several recent research reports. Gordon Haskett reissued an “accumulate” rating and issued a $155.00 price target on shares of TJX Companies in a research report on Thursday, August 20th. Wells Fargo & Company lowered their price target on 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. Citigroup lowered TJX Companies from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $182.00 to $154.00 in a research note on Thursday, August 20th. Jefferies Financial Group cut TJX Companies from a “buy” rating to a “hold” rating and cut their price objective for the company from $180.00 to $145.00 in a report on Wednesday, August 26th. Finally, Evercore reaffirmed an “outperform” rating and issued a $173.00 target price on shares of TJX Companies in a report on Thursday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $171.63.

TJX Companies Price Performance

TJX opened at $128.66 on Wednesday. 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 stock has a market capitalization of $141.53 billion, a P/E ratio of 23.78, a price-to-earnings-growth ratio of 2.38 and a beta of 0.60. The company’s 50 day simple moving average is $149.18 and its 200-day simple moving average is $154.97. The TJX Companies, Inc. has a one year low of $128.37 and a one year high of $170.00.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.03. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The firm had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same quarter in the previous year, the company posted $1.10 EPS. TJX Companies’s 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. Sell-side analysts anticipate 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.