The TJX Companies, Inc. $TJX Holdings Cut by Ascent Group LLC

Ascent Group LLC lowered its holdings in The TJX Companies, Inc. (NYSE:TJX) by 10.8% during the second quarter, HoldingsChannel.com reports. The fund owned 70,997 shares of the apparel and home fashions retailer’s stock after selling 8,634 shares during the period. Ascent Group LLC’s holdings in TJX Companies were worth $8,767,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in TJX. TCTC Holdings LLC increased its stake in shares of TJX Companies by 210.1% in the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock valued at $26,000 after purchasing an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC increased its stake in shares of TJX Companies by 58.8% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer’s stock valued at $36,000 after purchasing an additional 110 shares during the period. Iron Horse Wealth Management LLC increased its stake in shares of TJX Companies by 99.3% in the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer’s stock valued at $36,000 after purchasing an additional 149 shares during the period. Inlight Wealth Management LLC acquired a new stake in shares of TJX Companies in the first quarter valued at approximately $37,000. Finally, Activest Wealth Management increased its stake in shares of TJX Companies by 4,485.7% in the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer’s stock valued at $39,000 after purchasing an additional 314 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

TJX Companies Trading Down 0.8%

TJX Companies stock opened at $141.30 on Friday. 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 firm has a market cap of $157.26 billion, a price-to-earnings ratio of 32.19, a price-to-earnings-growth ratio of 3.21 and a beta of 0.92. The TJX Companies, Inc. has a 1 year low of $111.22 and a 1 year high of $145.58. The firm’s 50 day moving average price is $136.51 and its two-hundred day moving average price is $129.30.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.09. The firm had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.96 earnings per share. 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, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company 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. This represents a $1.70 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies’s payout ratio is presently 38.72%.

Wall Street Analyst Weigh In

TJX has been the topic of several analyst reports. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, August 23rd. Daiwa Capital Markets initiated coverage on shares of TJX Companies in a research note on Tuesday, July 8th. They set an “outperform” rating and a $133.00 price objective on the stock. Wells Fargo & Company raised their price objective 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. Morgan Stanley raised their price objective on shares of TJX Companies from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Finally, Barclays raised their price objective on shares of TJX Companies from $147.00 to $155.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $147.58.

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.