Aberdeen Group plc Decreases Holdings in The TJX Companies, Inc. $TJX

Key Points

• Aberdeen Group plc reduced its holdings in The TJX Companies by 10.6%, selling 223,510 shares to own 1,881,558 shares of the retailer, valued at approximately $230.6 million.
• The TJX Companies reported strong earnings with an EPS of $1.10, surpassing estimates, alongside a quarterly revenue of $14.4 billion, representing a 6.9% year-over-year increase.
• Investors can expect a quarterly dividend of $0.425 per share on December 4th, 2023, reflecting an annualized yield of 1.2%.

Aberdeen Group plc trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 10.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,881,558 shares of the apparel and home fashions retailer's stock after selling 223,510 shares during the quarter. Aberdeen Group plc owned 0.17% of TJX Companies worth $230,632,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. 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 worth $26,000 after purchasing an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC raised its position in TJX Companies by 58.8% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after purchasing an additional 110 shares during the period. Iron Horse Wealth Management LLC raised its position in TJX Companies by 99.3% in the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after purchasing an additional 149 shares during the period. Inlight Wealth Management LLC purchased a new stake in TJX Companies in the 1st quarter worth about $37,000. Finally, Activest Wealth Management raised its position in TJX Companies by 4,485.7% in the 1st quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock worth $39,000 after purchasing an additional 314 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Price Performance

NYSE TJX opened at $140.38 on Friday. The TJX Companies, Inc. has a 52-week low of $111.73 and a 52-week high of $145.58. The firm's 50 day moving average price is $138.07 and its 200-day moving average price is $130.10. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17. The company has a market cap of $156.23 billion, a PE ratio of 31.98, a P/E/G ratio of 3.08 and a beta of 0.92.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $14.12 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. TJX Companies's revenue for the quarter was up 6.9% compared to the same quarter last year. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend 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 is presently 38.72%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TJX shares. Evercore ISI increased their price objective on shares of TJX Companies from $150.00 to $162.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Daiwa America upgraded shares of TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. Telsey Advisory Group restated an "outperform" rating and issued a $155.00 target price (up from $150.00) on shares of TJX Companies in a research note on Wednesday, August 20th. Citigroup upped their target price 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. Finally, Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, August 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $147.63.

TJX Companies 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.

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