Midwest Trust Co Purchases New Position in The TJX Companies, Inc. $TJX

Midwest Trust Co purchased a new stake in shares of The TJX Companies, Inc. (NYSE:TJX) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 29,101 shares of the apparel and home fashions retailer’s stock, valued at approximately $3,594,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Flossbach Von Storch SE grew its holdings in TJX Companies by 5.1% during the second quarter. Flossbach Von Storch SE now owns 131,535 shares of the apparel and home fashions retailer’s stock worth $16,243,000 after buying an additional 6,385 shares in the last quarter. Prescott Group Capital Management L.L.C. boosted its holdings in TJX Companies by 2.7% during the 2nd quarter. Prescott Group Capital Management L.L.C. now owns 38,130 shares of the apparel and home fashions retailer’s stock worth $4,709,000 after acquiring an additional 1,000 shares during the last quarter. Global Wealth Management Investment Advisory Inc. boosted its holdings in TJX Companies by 8.3% during the 2nd quarter. Global Wealth Management Investment Advisory Inc. now owns 17,730 shares of the apparel and home fashions retailer’s stock worth $2,189,000 after acquiring an additional 1,356 shares during the last quarter. Sound View Wealth Advisors Group LLC grew its stake in shares of TJX Companies by 21.9% in the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 21,620 shares of the apparel and home fashions retailer’s stock worth $2,670,000 after acquiring an additional 3,880 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of TJX Companies by 6.9% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,586,496 shares of the apparel and home fashions retailer’s stock valued at $319,460,000 after purchasing an additional 168,042 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Stock Up 1.5%

TJX opened at $146.71 on Tuesday. The TJX Companies, Inc. has a twelve month low of $112.10 and a twelve month high of $146.93. The company’s 50-day moving average price is $141.77 and its two-hundred day moving average price is $132.98. The stock has a market cap of $163.28 billion, a price-to-earnings ratio of 33.42, a PEG ratio of 3.14 and a beta of 0.90. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32.

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, topping analysts’ consensus estimates of $1.01 by $0.09. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The company had revenue of $14.40 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. TJX Companies’s 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. As a group, equities analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies’s dividend payout ratio is currently 38.72%.

Wall Street Analysts Forecast Growth

TJX has been the topic of several analyst reports. Weiss Ratings restated a “buy (b+)” rating on shares of TJX Companies in a report on Wednesday, October 8th. Wells Fargo & Company set a $140.00 target price on shares of TJX Companies and gave the stock an “equal weight” rating in a research report on Monday, October 27th. Barclays boosted their target price on TJX Companies from $147.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Evercore ISI increased their price target on TJX Companies from $150.00 to $162.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. 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 report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, TJX Companies has an average rating of “Buy” and a consensus target price of $150.50.

About TJX Companies

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.