SKY Mountain Capital Management Inc. Sells 1,181 Shares of The TJX Companies, Inc. $TJX

SKY Mountain Capital Management Inc. cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 23.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,821 shares of the apparel and home fashions retailer’s stock after selling 1,181 shares during the quarter. TJX Companies accounts for about 0.3% of SKY Mountain Capital Management Inc.’s portfolio, making the stock its 21st biggest position. SKY Mountain Capital Management Inc.’s holdings in TJX Companies were worth $504,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. TCTC Holdings LLC raised its position 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 valued at $26,000 after buying an additional 145 shares during the last quarter. Princeton Global Asset Management LLC purchased a new position in TJX Companies during the 2nd quarter worth $28,000. Legacy Investment Solutions LLC bought a new stake in shares of TJX Companies in the 2nd quarter worth $32,000. True Wealth Design LLC raised its holdings in shares of TJX Companies by 121.1% in the second quarter. True Wealth Design LLC now owns 272 shares of the apparel and home fashions retailer’s stock valued at $34,000 after purchasing an additional 149 shares during the last quarter. Finally, Activest Wealth Management lifted its position in shares of 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 purchasing an additional 314 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Up 0.2%

Shares of NYSE TJX opened at $145.83 on Thursday. The stock has a market capitalization of $162.30 billion, a P/E ratio of 33.22, a PEG ratio of 3.14 and a beta of 0.90. The TJX Companies, Inc. has a one year low of $112.10 and a one year high of $151.00. The firm’s 50 day simple moving average is $142.66 and its two-hundred day simple moving average is $133.84. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, November 19th. The apparel and home fashions retailer reported $1.28 EPS for the quarter, beating the consensus estimate of $1.22 by $0.06. The company had revenue of $15.12 billion for the quarter, compared to analyst estimates of $14.80 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.14 EPS. TJX Companies has set its Q4 2026 guidance at 1.330-1.360 EPS. FY 2026 guidance at 4.630-4.660 EPS. As a group, analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared 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 of this dividend is Thursday, November 13th. TJX Companies’s payout ratio is 38.72%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on TJX shares. BTIG Research started coverage on shares of TJX Companies in a research report on Tuesday, October 14th. They set a “buy” rating and a $165.00 target price on the stock. Barclays increased their price target on TJX Companies from $147.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Weiss Ratings reissued a “buy (b+)” rating on shares of TJX Companies in a report on Wednesday, October 8th. Bank of America increased their price objective on TJX Companies from $150.00 to $168.00 and gave the company a “buy” rating in a report on Thursday. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $170.00 target price (up previously from $155.00) on shares of TJX Companies in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $154.86.

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.