Welch & Forbes LLC Grows Stake in The TJX Companies, Inc. $TJX

Welch & Forbes LLC grew its holdings in The TJX Companies, Inc. (NYSE:TJX) by 0.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 785,017 shares of the apparel and home fashions retailer’s stock after acquiring an additional 520 shares during the quarter. TJX Companies comprises 1.2% of Welch & Forbes LLC’s investment portfolio, making the stock its 22nd biggest holding. Welch & Forbes LLC’s holdings in TJX Companies were worth $96,942,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC grew its stake in TJX Companies by 3.3% during the 2nd quarter. Revolve Wealth Partners LLC now owns 2,453 shares of the apparel and home fashions retailer’s stock worth $303,000 after buying an additional 79 shares during the last quarter. Roble Belko & Company Inc grew its stake in TJX Companies by 0.3% during the 2nd quarter. Roble Belko & Company Inc now owns 31,478 shares of the apparel and home fashions retailer’s stock worth $3,887,000 after buying an additional 82 shares during the last quarter. Knuff & Co LLC grew its stake in TJX Companies by 8.5% during the 1st quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer’s stock worth $129,000 after buying an additional 83 shares during the last quarter. 3Chopt Investment Partners LLC grew its stake in TJX Companies by 1.6% during the 2nd quarter. 3Chopt Investment Partners LLC now owns 5,239 shares of the apparel and home fashions retailer’s stock worth $647,000 after buying an additional 83 shares during the last quarter. Finally, McLean Asset Management Corp grew its stake in TJX Companies by 3.2% during the 2nd quarter. McLean Asset Management Corp now owns 2,746 shares of the apparel and home fashions retailer’s stock worth $344,000 after buying an additional 84 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Trading Down 1.5%

Shares of TJX stock opened at $140.13 on Friday. 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 business’s 50 day moving average is $140.95 and its two-hundred day moving average is $132.21. The company has a market capitalization of $155.96 billion, a P/E ratio of 31.92, a price-to-earnings-growth ratio of 3.14 and a beta of 0.92. The TJX Companies, Inc. has a twelve month low of $111.73 and a twelve month high of $146.46.

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

TJX Companies Announces Dividend

The firm also recently declared 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 of this dividend is Thursday, November 13th. TJX Companies’s dividend payout ratio (DPR) is currently 38.72%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Barclays raised their price target on TJX Companies from $147.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Daiwa Capital Markets assumed coverage on TJX Companies in a research note on Tuesday, July 8th. They set an “outperform” rating and a $133.00 price target on the stock. Wells Fargo & Company set a $140.00 price target on TJX Companies and gave the stock an “equal weight” rating in a research note on Monday, October 27th. JPMorgan Chase & Co. lifted their target price on TJX Companies from $148.00 to $149.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Finally, Sanford C. Bernstein lifted their target price on TJX Companies from $145.00 to $152.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. One research 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 stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $149.00.

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.