Addenda Capital Inc. Has $14.66 Million Stake in The TJX Companies, Inc. $TJX

Key Points

• Addenda Capital Inc. increased its stake in The TJX Companies by 2.2%, holding 118,696 shares valued at approximately $14.66 million as of the end of the last quarter.
• The TJX Companies reported strong quarterly earnings, with $1.10 EPS surpassing analyst estimates, and a 6.9% growth in revenue year-over-year, reaching $14.40 billion.
• The company has announced a quarterly dividend of $0.425 per share, to be paid on December 4th, representing an annualized dividend yield of 1.2%.

Addenda Capital Inc. lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,696 shares of the apparel and home fashions retailer's stock after purchasing an additional 2,522 shares during the quarter. Addenda Capital Inc.'s holdings in TJX Companies were worth $14,658,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of TJX. City Holding Co. grew its holdings in TJX Companies by 9.3% during the second quarter. City Holding Co. now owns 19,780 shares of the apparel and home fashions retailer's stock worth $2,442,000 after buying an additional 1,680 shares in the last quarter. Argus Investors Counsel Inc. grew its holdings in TJX Companies by 71.2% during the second quarter. Argus Investors Counsel Inc. now owns 9,612 shares of the apparel and home fashions retailer's stock worth $1,187,000 after buying an additional 3,997 shares in the last quarter. Sonora Investment Management Group LLC bought a new stake in TJX Companies during the second quarter worth $215,000. WD Rutherford LLC grew its stake in TJX Companies by 6.4% in the 2nd quarter. WD Rutherford LLC now owns 25,801 shares of the apparel and home fashions retailer's stock valued at $3,186,000 after purchasing an additional 1,544 shares during the period. Finally, Avior Wealth Management LLC grew its stake in TJX Companies by 18.5% in the 2nd quarter. Avior Wealth Management LLC now owns 13,123 shares of the apparel and home fashions retailer's stock valued at $1,621,000 after purchasing an additional 2,052 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Performance

NYSE:TJX opened at $143.09 on Friday. The business's 50-day moving average price is $134.77 and its two-hundred day moving average price is $128.39. The TJX Companies, Inc. has a twelve month low of $111.22 and a twelve month high of $145.58. The stock has a market cap of $159.25 billion, a P/E ratio of 32.60, a PEG ratio of 3.22 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 - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. The company had revenue of $14.40 billion for the quarter, compared to analysts' expectations of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.TJX Companies's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $0.96 EPS. 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 predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies's dividend payout ratio (DPR) is currently 38.72%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Evercore ISI upped their price objective on TJX Companies from $150.00 to $162.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Telsey Advisory Group restated an "outperform" rating and issued a $155.00 price objective (up previously from $150.00) on shares of TJX Companies in a research note on Wednesday, August 20th. UBS Group upped their price objective on TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Macquarie reiterated a "buy" rating on shares of TJX Companies in a research note on Monday, August 11th. Finally, Sanford C. Bernstein increased their price objective on TJX Companies from $145.00 to $152.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $147.58.

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.

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