Savvy Advisors Inc. Increases Holdings in The TJX Companies, Inc. $TJX

Savvy Advisors Inc. increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 104.5% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 13,653 shares of the apparel and home fashions retailer’s stock after acquiring an additional 6,978 shares during the period. Savvy Advisors Inc.’s holdings in TJX Companies were worth $1,686,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. TCTC Holdings LLC boosted its stake in TJX Companies by 210.1% in the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock worth $26,000 after purchasing an additional 145 shares during the period. Princeton Global Asset Management LLC purchased a new position in shares of TJX Companies in the second quarter worth $28,000. Atlantic Edge Private Wealth Management LLC lifted its holdings 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 worth $36,000 after buying an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC boosted its position in shares of TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer’s stock worth $36,000 after acquiring an additional 149 shares during the last quarter. Finally, Activest Wealth Management grew its stake in TJX Companies by 4,485.7% during the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer’s stock valued at $39,000 after acquiring an additional 314 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on TJX. Daiwa America upgraded shares of TJX Companies to a “strong-buy” rating in a report on Tuesday, July 8th. Wells Fargo & Company set a $140.00 target price on TJX Companies and gave the stock an “equal weight” rating in a report on Monday. Robert W. Baird boosted their target price on TJX Companies from $143.00 to $152.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Bank of America raised their price target on TJX Companies from $145.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of TJX Companies in a research note on Wednesday, October 8th. One equities research 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $149.00.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $142.30 on Friday. The stock has a market cap of $158.37 billion, a price-to-earnings ratio of 32.41, a price-to-earnings-growth ratio of 3.14 and a beta of 0.92. 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 stock has a 50 day moving average price of $140.87 and a 200-day moving average price of $132.11. The TJX Companies, Inc. has a one year low of $111.73 and a one year high of $146.46.

TJX Companies (NYSE:TJX) last issued 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 analysts’ consensus estimates of $1.01 by $0.09. The company had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.TJX Companies’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the company earned $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. Equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

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

TJX Companies Company 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.