The TJX Companies, Inc. $TJX Stock Position Lifted by National Pension Service

National Pension Service raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 1.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,686,071 shares of the apparel and home fashions retailer’s stock after buying an additional 41,029 shares during the period. National Pension Service’s holdings in TJX Companies were worth $406,940,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Engineers Gate Manager LP grew its holdings in TJX Companies by 179.0% during the second quarter. Engineers Gate Manager LP now owns 58,683 shares of the apparel and home fashions retailer’s stock worth $8,890,000 after acquiring an additional 37,650 shares during the period. Cidel Asset Management Inc. increased its holdings in shares of TJX Companies by 3.3% in the second quarter. Cidel Asset Management Inc. now owns 4,541 shares of the apparel and home fashions retailer’s stock valued at $688,000 after buying an additional 147 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of TJX Companies by 5.4% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 11,246 shares of the apparel and home fashions retailer’s stock valued at $1,704,000 after acquiring an additional 575 shares during the last quarter. NorthRock Partners LLC lifted its holdings in shares of TJX Companies by 4.2% during the second quarter. NorthRock Partners LLC now owns 3,868 shares of the apparel and home fashions retailer’s stock valued at $586,000 after purchasing an additional 157 shares during the last quarter. Finally, Integrated Wealth Concepts LLC increased its stake in TJX Companies by 38.1% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 69,286 shares of the apparel and home fashions retailer’s stock worth $10,498,000 after purchasing an additional 19,123 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Jefferies Financial Group cut shares of TJX Companies from a “buy” rating to a “hold” rating and decreased their target price for the stock from $180.00 to $145.00 in a report on Wednesday, August 26th. BTIG Research restated a “buy” rating and issued a $190.00 target price on shares of TJX Companies in a report on Thursday, August 20th. Evercore reaffirmed an “outperform” rating and issued a $173.00 target price on shares of TJX Companies in a research report on Thursday, August 20th. JPMorgan Chase & Co. increased their price objective on TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Finally, Morgan Stanley set a $178.00 target price on TJX Companies and gave the company an “overweight” rating in a research note on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $171.63.

TJX Companies Price Performance

Shares of TJX opened at $126.05 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.56 and a current ratio of 1.15. The firm has a market cap of $138.65 billion, a PE ratio of 23.30, a PEG ratio of 2.32 and a beta of 0.60. The firm’s 50 day moving average price is $148.67 and its 200 day moving average price is $154.75. The TJX Companies, Inc. has a twelve month low of $125.81 and a twelve month high of $170.00.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 EPS 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 company had revenue of $15.18 billion during the quarter, compared to the consensus estimate of $15.16 billion. During the same period in the previous year, the firm posted $1.10 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. 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, research analysts expect that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

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.