Engineers Gate Manager LP Raises Stock Position in The TJX Companies, Inc. $TJX

Engineers Gate Manager LP boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 179.0% in the second quarter, HoldingsChannel reports. The firm owned 58,683 shares of the apparel and home fashions retailer’s stock after buying an additional 37,650 shares during the period. Engineers Gate Manager LP’s holdings in TJX Companies were worth $8,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Cidel Asset Management Inc. boosted its stake 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 worth $688,000 after buying an additional 147 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC grew its holdings in TJX Companies by 5.4% during the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 11,246 shares of the apparel and home fashions retailer’s stock worth $1,704,000 after acquiring an additional 575 shares during the period. NorthRock Partners LLC raised its position in 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 acquiring an additional 157 shares in the last quarter. Integrated Wealth Concepts LLC raised its position in TJX Companies by 38.1% during the second quarter. Integrated Wealth Concepts LLC now owns 69,286 shares of the apparel and home fashions retailer’s stock valued at $10,498,000 after acquiring an additional 19,123 shares in the last quarter. Finally, RFG Advisory LLC lifted its holdings in TJX Companies by 11.6% in the second quarter. RFG Advisory LLC now owns 4,860 shares of the apparel and home fashions retailer’s stock valued at $736,000 after acquiring an additional 506 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $126.44 on Friday. The business has a 50 day simple moving average of $148.12 and a two-hundred day simple moving average of $154.53. The TJX Companies, Inc. has a 12 month low of $125.56 and a 12 month high of $170.00. The stock has a market capitalization of $139.08 billion, a P/E ratio of 23.37, a PEG ratio of 2.27 and a beta of 0.60. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.15 and a quick ratio of 0.56.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, August 19th. The apparel and home fashions retailer reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.03. The company had revenue of $15.18 billion for the quarter, compared to analysts’ expectations of $15.16 billion. TJX Companies had a net margin of 9.73% and a return on equity of 56.56%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.10 EPS. 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, analysts predict that The TJX Companies, Inc. will post 5.22 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. JPMorgan Chase & Co. upped their price objective on TJX Companies from $173.00 to $174.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Guggenheim set a $152.00 target price on shares of TJX Companies in a report on Monday, August 31st. Weiss Ratings cut shares of TJX Companies from a “buy (b+)” rating to a “buy (b)” rating in a research note on Tuesday, July 21st. Erste Group Bank downgraded shares of TJX Companies from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Finally, Barclays set a $188.00 target price on TJX Companies and gave the company an “overweight” rating in a research report on Thursday, August 20th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, TJX Companies currently has an average rating of “Moderate Buy” and a consensus price target of $171.63.

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.