iA Global Asset Management Inc. Sells 60,397 Shares of The TJX Companies, Inc. $TJX

iA Global Asset Management Inc. decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 42.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,966 shares of the apparel and home fashions retailer’s stock after selling 60,397 shares during the period. iA Global Asset Management Inc.’s holdings in TJX Companies were worth $9,998,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TJX. Brighton Jones LLC boosted its stake in TJX Companies by 113.7% in the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock worth $1,817,000 after purchasing an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after acquiring an additional 235 shares during the last quarter. Bison Wealth LLC boosted its holdings in shares of TJX Companies by 32.9% during the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock valued at $466,000 after acquiring an additional 955 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in shares of TJX Companies during the 1st quarter valued at about $122,000. Finally, Adell Harriman & Carpenter Inc. boosted its holdings in shares of TJX Companies by 5.5% during the 1st quarter. Adell Harriman & Carpenter Inc. now owns 3,813 shares of the apparel and home fashions retailer’s stock valued at $464,000 after acquiring an additional 198 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TJX. Erste Group Bank began coverage on shares of TJX Companies in a report on Friday, September 5th. They set a “buy” rating on the stock. Sanford C. Bernstein raised their price target on shares of TJX Companies from $145.00 to $152.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. JPMorgan Chase & Co. raised their price target on shares of TJX Companies from $148.00 to $149.00 and gave the company an “overweight” rating in a report on Monday, October 6th. Citigroup raised their price target on shares of TJX Companies from $140.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Finally, UBS Group raised their price target on shares of TJX Companies from $164.00 to $172.00 and gave the company a “buy” rating in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $149.00.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $140.13 on Monday. The firm’s 50 day moving average price is $140.95 and its 200-day moving average price is $132.25. The TJX Companies, Inc. has a twelve month low of $111.73 and a twelve month high of $146.46. 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 stock has a market capitalization of $155.96 billion, a PE ratio of 31.92, a price-to-earnings-growth ratio of 3.14 and a beta of 0.92.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, topping 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 firm had revenue of $14.40 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the prior year, the business earned $0.96 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. Equities research 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. Shareholders of record on Thursday, November 13th will be paid a dividend of $0.425 per share. The ex-dividend date is Thursday, November 13th. This represents a $1.70 dividend on an annualized basis and a yield of 1.2%. TJX Companies’s dividend payout ratio (DPR) is presently 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.