Canopy Partners LLC Invests $202,000 in The TJX Companies, Inc. $TJX

Canopy Partners LLC acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,632 shares of the apparel and home fashions retailer’s stock, valued at approximately $202,000.

A number of other hedge funds have also modified their holdings of TJX. Nuveen LLC acquired a new position in shares of TJX Companies in the first quarter valued at approximately $1,330,717,000. Assenagon Asset Management S.A. raised its position in shares of TJX Companies by 65.8% in the first quarter. Assenagon Asset Management S.A. now owns 3,282,351 shares of the apparel and home fashions retailer’s stock valued at $399,790,000 after buying an additional 1,302,845 shares during the last quarter. Amundi raised its position in shares of TJX Companies by 10.2% in the first quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer’s stock valued at $1,489,305,000 after buying an additional 1,104,292 shares during the last quarter. Vanguard Group Inc. raised its position in shares of TJX Companies by 1.1% in the first quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer’s stock valued at $12,230,396,000 after buying an additional 1,099,129 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of TJX Companies by 17.7% in the first quarter. Goldman Sachs Group Inc. now owns 6,807,714 shares of the apparel and home fashions retailer’s stock valued at $829,180,000 after buying an additional 1,025,329 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TJX. Evercore ISI boosted their price objective on shares of TJX Companies from $150.00 to $162.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Citigroup boosted their price objective on shares of TJX Companies from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. UBS Group upped their price target on shares of TJX Companies from $164.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Daiwa America raised shares of TJX Companies to a “strong-buy” rating in a research report on Tuesday, July 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of TJX Companies from $148.00 to $149.00 and gave the stock an “overweight” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $147.63.

TJX Companies Price Performance

TJX opened at $140.68 on Thursday. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The TJX Companies, Inc. has a 52-week low of $111.73 and a 52-week high of $145.58. The company has a 50 day moving average of $137.50 and a two-hundred day moving average of $129.83. The company has a market cap of $156.57 billion, a P/E ratio of 32.05, a P/E/G ratio of 3.17 and a beta of 0.92.

TJX Companies (NYSE:TJX) last released its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.09. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The company had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the previous year, the firm earned $0.96 earnings per share. TJX Companies’s revenue for the quarter was up 6.9% on a year-over-year basis. 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, analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

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

TJX Companies Company Profile

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.