Westpac Banking Corp Invests $160,000 in The TJX Companies, Inc. $TJX

Westpac Banking Corp purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,293 shares of the apparel and home fashions retailer’s stock, valued at approximately $160,000.

A number of other institutional investors also recently bought and sold shares of the stock. FCG Investment Co purchased a new stake in shares of TJX Companies during the 1st quarter valued at about $2,620,000. MinichMacGregor Wealth Management LLC bought a new position in TJX Companies during the second quarter valued at approximately $5,045,000. Infusive Asset Management Inc. boosted its holdings in TJX Companies by 30.1% in the first quarter. Infusive Asset Management Inc. now owns 27,730 shares of the apparel and home fashions retailer’s stock worth $3,378,000 after purchasing an additional 6,415 shares during the last quarter. First American Bank grew its position in TJX Companies by 4.5% in the 2nd quarter. First American Bank now owns 138,840 shares of the apparel and home fashions retailer’s stock worth $17,145,000 after purchasing an additional 5,921 shares during the period. Finally, Wedbush Securities Inc. raised its stake in TJX Companies by 52.3% during the 2nd quarter. Wedbush Securities Inc. now owns 27,193 shares of the apparel and home fashions retailer’s stock valued at $3,358,000 after buying an additional 9,334 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Down 0.6%

NYSE TJX opened at $145.20 on Tuesday. The TJX Companies, Inc. has a 12 month low of $112.10 and a 12 month high of $148.11. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The stock has a market cap of $161.60 billion, a PE ratio of 33.08, a P/E/G ratio of 3.14 and a beta of 0.90. The stock’s 50 day moving average is $142.42 and its 200 day moving average is $133.64.

TJX Companies (NYSE:TJX) last posted its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, beating 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 analysts’ expectations of $14.12 billion. During the same period last year, the company posted $0.96 earnings per share. TJX Companies’s quarterly revenue 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. Research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be given a dividend of $0.425 per share. The ex-dividend date is Thursday, November 13th. This represents a $1.70 annualized dividend and a yield of 1.2%. TJX Companies’s dividend payout ratio (DPR) is 38.72%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on TJX. Weiss Ratings restated a “buy (b+)” rating on shares of TJX Companies in a research note on Wednesday, October 8th. TD Cowen raised their target price on TJX Companies from $160.00 to $162.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Evercore ISI upped their price target 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. Sanford C. Bernstein raised their price objective 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. Finally, Robert W. Baird boosted their target price on shares of TJX Companies from $143.00 to $152.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, TJX Companies currently has a consensus rating of “Buy” and a consensus 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.