1248 Management LLC Decreases Stock Holdings in The TJX Companies, Inc. $TJX

Key Points

• 1248 Management LLC has reduced its holdings in The TJX Companies by 32.5%, resulting in a position worth $675,000 as of its most recent SEC filing.
• Several large investors have increased their positions in TJX Companies, with notable growth from TCTC Holdings LLC by 210.1% and Activest Wealth Management by 4,485.7% during the 1st quarter.
• The company recently announced a quarterly dividend of $0.425 per share, with an annualized payout yielding 1.2% and a dividend payout ratio of 38.72%.

1248 Management LLC decreased its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 32.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,540 shares of the apparel and home fashions retailer's stock after selling 2,662 shares during the quarter. 1248 Management LLC's holdings in TJX Companies were worth $675,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. TCTC Holdings LLC increased its position in shares of TJX Companies by 210.1% in the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after acquiring an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC boosted its stake in shares of TJX Companies by 58.8% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after purchasing an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC boosted its stake in shares of TJX Companies by 99.3% during the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after purchasing an additional 149 shares in the last quarter. Inlight Wealth Management LLC bought a new stake in shares of TJX Companies during the 1st quarter valued at about $37,000. Finally, Activest Wealth Management boosted its stake in shares of TJX Companies by 4,485.7% during the 1st 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.

Wall Street Analyst Weigh In

TJX has been the topic of a number of research reports. Morgan Stanley lifted their target price on shares of TJX Companies from $140.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Erste Group Bank initiated coverage on shares of TJX Companies in a research note on Friday. They set a "buy" rating on the stock. Daiwa America raised shares of TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. Wells Fargo & Company boosted their price objective on shares of TJX Companies from $120.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 21st. Finally, Citigroup boosted their price objective on shares of TJX Companies from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $147.58.

TJX Companies Stock Down 1.2%

NYSE:TJX traded down $1.72 during mid-day trading on Friday, hitting $139.30. 6,711,403 shares of the company's stock were exchanged, compared to its average volume of 5,354,377. The business has a fifty day moving average price of $129.57 and a 200 day moving average price of $126.26. The company has a market cap of $155.03 billion, a PE ratio of 31.73, a P/E/G ratio of 3.14 and a beta of 0.90. The TJX Companies, Inc. has a one year low of $111.22 and a one year high of $145.58. 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 - Get Free Report) last issued its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.09. The firm had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The business's revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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 predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were paid a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, August 14th. TJX Companies's dividend payout ratio is currently 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.