Envestnet Asset Management Inc. Grows Holdings in The TJX Companies, Inc. $TJX

Envestnet Asset Management Inc. boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,676,531 shares of the apparel and home fashions retailer’s stock after acquiring an additional 28,559 shares during the period. Envestnet Asset Management Inc. owned 0.43% of TJX Companies worth $708,492,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna boosted its position in shares of TJX Companies by 120.3% in the 4th 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 in the last quarter. Cetera Trust Company N.A purchased a new stake in shares of TJX Companies in the 2nd quarter worth approximately $27,000. Bard Associates Inc. bought a new position in TJX Companies during the 4th quarter valued at approximately $35,000. Kelly Lawrence W & Associates Inc. CA bought a new position in TJX Companies during the 2nd quarter valued at approximately $35,000. Finally, Cedar Mountain Advisors LLC raised its stake in TJX Companies by 47.7% during the first quarter. Cedar Mountain Advisors LLC now owns 226 shares of the apparel and home fashions retailer’s stock valued at $36,000 after buying an additional 73 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Key TJX Companies News

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

• Positive Sentiment: Earnings beat supports shares: TJX reported quarterly EPS of $1.22, ahead of the $1.19 consensus, while revenue reached approximately $15.2 billion and increased 5.4% year over year. The results reinforce the company’s ability to attract value-focused shoppers. TJX Companies stock holds near USD 127 as earnings beat estimates
• Positive Sentiment: Retail environment remains favorable: TJX was included among retail stocks viewed as well positioned after August retail sales rose 1.2% despite inflation and elevated interest rates. Its off-price model may benefit as consumers seek lower prices. 5 Solid Retail Stocks to Grab as Sales Roar Despite High Inflation
• Positive Sentiment: Digital initiatives could lift store traffic: Fresh online assortments, social-media engagement and gifting programs are intended to generate repeat visits and strengthen customer engagement. TJX Companies’ Digital Reach: Can Engagement Lift Store Traffic?
• Positive Sentiment: Analyst and media interest is elevated: TJX is among the most-watched stocks on Zacks, while Jim Cramer said he was buying the pullback, potentially improving near-term sentiment. Jim Cramer Notes He Is Buying The Pullback In TJX
• Neutral Sentiment: Valuation and technical picture warrant caution: TJX trades at roughly 24 times earnings, while its price remains below its 50-day and 200-day averages. This suggests the recent rebound has not yet fully repaired the stock’s broader technical trend.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on TJX shares. BTIG Research reissued a “buy” rating and issued a $190.00 target price on shares of TJX Companies in a 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 for the company in a research report on Thursday, August 20th. Barclays set a $188.00 price target on shares of TJX Companies and gave the stock an “overweight” rating in a research note on Thursday, August 20th. Citigroup downgraded shares of TJX Companies from a “buy” rating to a “neutral” rating and cut their price objective for the company from $182.00 to $154.00 in a research report on Thursday, August 20th. Finally, Jefferies Financial Group lowered shares of TJX Companies from a “buy” rating to a “hold” rating and reduced their price objective for the company from $180.00 to $145.00 in a research note on Wednesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $171.63.

TJX Companies Stock Up 0.7%

TJX traded up $0.86 during trading on Wednesday, hitting $131.65. 8,649,295 shares of the company’s stock traded hands, compared to its average volume of 5,932,928. The stock has a market capitalization of $144.81 billion, a price-to-earnings ratio of 24.33, a PEG ratio of 2.36 and a beta of 0.60. The company’s 50 day simple moving average is $144.13 and its two-hundred day simple moving average is $152.72. The TJX Companies, Inc. has a 12-month low of $122.78 and a 12-month high of $170.00. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18.

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, topping the consensus estimate of $1.19 by $0.03. TJX Companies had a return on equity of 56.56% and a net margin of 9.73%.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 business earned $1.10 earnings per share. The company’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. Analysts predict that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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

About TJX Companies

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.