The TJX Companies, Inc. $TJX Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 6.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 241,412 shares of the apparel and home fashions retailer’s stock after acquiring an additional 14,878 shares during the period. Sequoia Financial Advisors LLC’s holdings in TJX Companies were worth $36,574,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in TJX. California State Teachers Retirement System boosted its holdings in shares of TJX Companies by 15,228.3% during the second quarter. California State Teachers Retirement System now owns 258,776,847 shares of the apparel and home fashions retailer’s stock valued at $39,204,692,000 after acquiring an additional 257,088,620 shares during the period. BlackRock Inc. acquired a new stake in shares of TJX Companies in the 2nd quarter worth about $16,489,926,000. Geode Capital Management LLC lifted its position in TJX Companies by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 27,011,104 shares of the apparel and home fashions retailer’s stock valued at $4,134,174,000 after purchasing an additional 673,690 shares during the last quarter. Bank of America Corp DE lifted its position in TJX Companies by 2.0% in the 4th quarter. Bank of America Corp DE now owns 25,620,925 shares of the apparel and home fashions retailer’s stock valued at $3,935,630,000 after purchasing an additional 495,989 shares during the last quarter. Finally, Capital International Investors boosted its stake in TJX Companies by 2.0% during the 4th quarter. Capital International Investors now owns 15,986,573 shares of the apparel and home fashions retailer’s stock valued at $2,455,911,000 after purchasing an additional 308,408 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Down 2.2%

TJX stock opened at $126.05 on Thursday. The firm’s 50-day moving average is $148.67 and its two-hundred day moving average is $154.75. The company has a market capitalization of $138.65 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 2.32 and a beta of 0.60. The TJX Companies, Inc. has a 52 week low of $125.81 and a 52 week high of $170.00. The company has a current ratio of 1.15, a quick ratio of 0.56 and a debt-to-equity ratio of 0.18.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, beating 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 business had revenue of $15.18 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same period last year, the firm posted $1.10 earnings per share. The business’s revenue was up 5.4% on a year-over-year basis. 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. On average, analysts forecast that The TJX Companies, Inc. will post 5.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TJX shares. Wall Street Zen cut shares of TJX Companies from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Citigroup downgraded TJX Companies from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $182.00 to $154.00 in a research report on Thursday, August 20th. Barclays set a $188.00 price objective on TJX Companies and gave the stock an “overweight” rating in a report on Thursday, August 20th. Jefferies Financial Group cut TJX Companies from a “buy” rating to a “hold” rating and lowered their target price for the company from $180.00 to $145.00 in a research report on Wednesday, August 26th. Finally, Robert W. Baird lifted their target price on TJX Companies from $172.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, May 21st. Two research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $171.63.

TJX Companies Company Profile

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.