Mitsubishi UFJ Asset Management Co. Ltd. Raises Holdings in The TJX Companies, Inc. $TJX

Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 6.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 2,586,496 shares of the apparel and home fashions retailer’s stock after acquiring an additional 168,042 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in TJX Companies were worth $319,460,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of TJX. TCTC Holdings LLC boosted its stake in shares of TJX Companies by 210.1% during the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 145 shares during the last quarter. Princeton Global Asset Management LLC purchased a new position in TJX Companies in the 2nd quarter valued at about $28,000. Legacy Investment Solutions LLC acquired a new stake in shares of TJX Companies during the 2nd quarter worth about $32,000. True Wealth Design LLC grew its holdings in shares of TJX Companies by 121.1% during the second quarter. True Wealth Design LLC now owns 272 shares of the apparel and home fashions retailer’s stock worth $34,000 after buying an additional 149 shares in the last quarter. Finally, Iron Horse Wealth Management LLC grew its holdings in shares of TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer’s stock worth $36,000 after buying an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of NYSE:TJX opened at $144.59 on Friday. The business’s 50-day simple moving average is $141.57 and its 200 day simple moving average is $132.74. The company has a market cap of $160.92 billion, a P/E ratio of 32.94, a PEG ratio of 3.14 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17. The TJX Companies, Inc. has a one year low of $112.10 and a one year high of $146.46.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.09. The company had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. TJX Companies’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the company earned $0.96 earnings per share. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies’s payout ratio is presently 38.72%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Sanford C. Bernstein increased their price target on TJX Companies from $145.00 to $152.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Weiss Ratings restated a “buy (b+)” rating on shares of TJX Companies in a report on Wednesday, October 8th. Barclays boosted their price objective on shares of TJX Companies from $147.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. lifted their target price on TJX Companies from $148.00 to $149.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Finally, Citigroup upped their price target on TJX Companies from $140.00 to $160.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $149.00.

About TJX Companies

The TJX Companies, Inc, together with its subsidiaries, operates as an off-price apparel and home fashions retailer in the United States, Canada, Europe, and Australia. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, and gourmet food departments; jewelry and accessories; and other merchandise.