Assetmark Inc. Increases Stake in The TJX Companies, Inc. $TJX

Assetmark Inc. raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 211,500 shares of the apparel and home fashions retailer’s stock after purchasing an additional 15,312 shares during the quarter. Assetmark Inc.’s holdings in TJX Companies were worth $26,118,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TJX. Vanguard Group Inc. lifted its stake in shares of TJX Companies by 1.1% during the 1st 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 in the last quarter. Ameriprise Financial Inc. raised its holdings in TJX Companies by 0.3% during the 1st quarter. Ameriprise Financial Inc. now owns 13,068,312 shares of the apparel and home fashions retailer’s stock valued at $1,591,758,000 after acquiring an additional 35,800 shares during the period. Amundi lifted its position in shares of TJX Companies by 10.2% during the first quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer’s stock worth $1,489,305,000 after acquiring an additional 1,104,292 shares in the last quarter. Nuveen LLC bought a new position in shares of TJX Companies in the first quarter worth $1,330,717,000. Finally, Invesco Ltd. boosted its holdings in shares of TJX Companies by 2.8% in the first quarter. Invesco Ltd. now owns 9,000,600 shares of the apparel and home fashions retailer’s stock worth $1,096,273,000 after acquiring an additional 247,579 shares during the period. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on TJX shares. Wells Fargo & Company set a $140.00 price objective on TJX Companies and gave the stock an “equal weight” rating in a report on Monday. Sanford C. Bernstein increased their price target on shares of TJX Companies from $145.00 to $152.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. BTIG Research started coverage on shares of TJX Companies in a research note on Tuesday, October 14th. They set a “buy” rating and a $165.00 price objective for the company. Erste Group Bank started coverage on shares of TJX Companies in a report on Friday, September 5th. They set a “buy” rating on the stock. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $155.00 price target (up from $150.00) on shares of TJX Companies in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, TJX Companies presently has an average rating of “Buy” and a consensus target price of $149.00.

TJX Companies Stock Up 0.4%

Shares of NYSE:TJX opened at $142.30 on Friday. The firm has a market capitalization of $158.37 billion, a PE ratio of 32.41, a price-to-earnings-growth ratio of 3.14 and a beta of 0.92. 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 52-week low of $111.73 and a 52-week high of $146.46. The firm has a fifty day moving average of $140.87 and a 200 day moving average of $132.11.

TJX Companies (NYSE:TJX) last issued its quarterly earnings results 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 return on equity of 58.63% and a net margin of 8.59%.The firm had revenue of $14.40 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. The company’s revenue was up 6.9% compared to the same quarter last year. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. As a group, research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.70 annualized dividend and a yield of 1.2%. TJX Companies’s dividend payout ratio is currently 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.