Ironwood Investment Counsel LLC Grows Stake in The TJX Companies, Inc. $TJX

Ironwood Investment Counsel LLC grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 51.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 11,887 shares of the apparel and home fashions retailer’s stock after acquiring an additional 4,018 shares during the quarter. Ironwood Investment Counsel LLC’s holdings in TJX Companies were worth $1,468,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Nuveen LLC bought a new position in TJX Companies in the 1st quarter worth $1,330,717,000. Mirova US LLC lifted its holdings in TJX Companies by 164.5% in the second quarter. Mirova US LLC now owns 2,699,156 shares of the apparel and home fashions retailer’s stock worth $333,319,000 after buying an additional 1,678,665 shares during the period. Amundi lifted its holdings in 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 worth $1,489,305,000 after buying an additional 1,104,292 shares during the period. Vanguard Group Inc. boosted its position in 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 acquiring an additional 1,099,129 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of TJX Companies by 17.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,807,714 shares of the apparel and home fashions retailer’s stock worth $829,180,000 after acquiring an additional 1,025,329 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Price Performance

TJX opened at $146.04 on Wednesday. The company’s 50-day simple moving average is $141.93 and its two-hundred day simple moving average is $133.12. 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 stock has a market capitalization of $162.53 billion, a P/E ratio of 33.27, a P/E/G ratio of 3.14 and a beta of 0.90. The TJX Companies, Inc. has a 52-week low of $112.10 and a 52-week high of $147.59.

TJX Companies (NYSE:TJX) last announced its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The firm had revenue of $14.40 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the business posted $0.96 earnings per share. The business’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. As a group, analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have commented on TJX. Jefferies Financial Group reissued a “buy” rating and set a $170.00 price objective on shares of TJX Companies in a research report on Tuesday. Barclays raised their price objective on TJX Companies from $147.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Morgan Stanley lifted their price target on TJX Companies from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Weiss Ratings reiterated a “buy (b+)” rating on shares of TJX Companies in a research note on Wednesday, October 8th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $155.00 price target (up previously from $150.00) on shares of TJX Companies in a report on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $151.75.

TJX Companies 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.