Accurate Wealth Management LLC Sells 19,824 Shares of The TJX Companies, Inc. $TJX

Accurate Wealth Management LLC lowered its holdings in The TJX Companies, Inc. (NYSE:TJX) by 77.1% during the second quarter, HoldingsChannel.com reports. The fund owned 5,875 shares of the apparel and home fashions retailer’s stock after selling 19,824 shares during the period. Accurate Wealth Management LLC’s holdings in TJX Companies were worth $730,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Nuveen LLC bought a new stake in TJX Companies during the first quarter worth about $1,330,717,000. GAMMA Investing LLC grew its stake in TJX Companies by 14,486.1% during the first quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer’s stock worth $354,696,000 after buying an additional 2,892,151 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in TJX Companies by 65.8% during the first quarter. Assenagon Asset Management S.A. now owns 3,282,351 shares of the apparel and home fashions retailer’s stock worth $399,790,000 after buying an additional 1,302,845 shares during the last quarter. Amundi grew its stake in 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 buying an additional 1,104,292 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in TJX Companies by 1.1% during the first quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer’s stock worth $12,230,396,000 after buying an additional 1,099,129 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Up 0.5%

Shares of NYSE TJX opened at $140.39 on Thursday. The company’s 50 day simple moving average is $133.97 and its 200 day simple moving average is $127.95. The TJX Companies, Inc. has a fifty-two week low of $111.22 and a fifty-two week high of $145.58. The firm has a market capitalization of $156.25 billion, a P/E ratio of 31.98, a P/E/G ratio of 3.14 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data 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 business had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period in the prior year, the business posted $0.96 earnings per share. TJX Companies’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. On average, analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

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 issued a $0.425 dividend. 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%.

Analysts Set New Price Targets

TJX has been the topic of several research analyst reports. Sanford C. Bernstein upped their price objective on shares of TJX Companies from $145.00 to $152.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Evercore ISI upped their price objective on shares of TJX Companies from $150.00 to $162.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Daiwa America raised shares of TJX Companies to a “strong-buy” rating in a research note on Tuesday, July 8th. Wells Fargo & Company increased their price target on shares of TJX Companies from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Thursday, August 21st. Finally, Bank of America increased their price target on shares of TJX Companies from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $147.58.

About TJX Companies

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.