Cabot Wealth Management Inc. Cuts Stake in The TJX Companies, Inc. $TJX

Cabot Wealth Management Inc. cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 27.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,916 shares of the apparel and home fashions retailer’s stock after selling 42,813 shares during the quarter. TJX Companies comprises about 1.7% of Cabot Wealth Management Inc.’s investment portfolio, making the stock its 19th biggest position. Cabot Wealth Management Inc.’s holdings in TJX Companies were worth $14,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in TJX. Pinnacle Financial Partners Inc increased its position in shares of TJX Companies by 2.2% during the first quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer’s stock worth $46,989,000 after acquiring an additional 8,319 shares during the last quarter. FCG Investment Co purchased a new stake in shares of TJX Companies during the first quarter worth about $2,620,000. MinichMacGregor Wealth Management LLC purchased a new stake in shares of TJX Companies during the second quarter worth about $5,045,000. Mainstream Capital Management LLC increased its position in shares of TJX Companies by 4.3% during the first quarter. Mainstream Capital Management LLC now owns 12,450 shares of the apparel and home fashions retailer’s stock worth $1,516,000 after acquiring an additional 515 shares during the last quarter. Finally, Parr Mcknight Wealth Management Group LLC increased its position in shares of TJX Companies by 12.6% during the first quarter. Parr Mcknight Wealth Management Group LLC now owns 40,840 shares of the apparel and home fashions retailer’s stock worth $4,974,000 after acquiring an additional 4,579 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

Shares of TJX stock opened at $141.90 on Friday. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average of $140.31 and a two-hundred day moving average of $131.68. The TJX Companies, Inc. has a 52 week low of $111.73 and a 52 week high of $146.46. The company has a market cap of $157.92 billion, a P/E ratio of 32.32, a PEG ratio of 3.15 and a beta of 0.92.

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

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies’s payout ratio is presently 38.72%.

Analyst Ratings Changes

A number of analysts have recently issued reports on TJX shares. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of TJX Companies in a research report on Friday. UBS Group lifted their target price on TJX Companies from $164.00 to $172.00 and gave the stock a “buy” rating in a research report on Thursday, August 21st. Daiwa Capital Markets initiated coverage on TJX Companies in a research report on Tuesday, July 8th. They set an “outperform” rating and a $133.00 target price on the stock. Daiwa America upgraded TJX Companies to a “strong-buy” rating in a research note on Tuesday, July 8th. Finally, Bank of America lifted their price target on TJX Companies from $145.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $148.50.

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.