Alpine Woods Capital Investors LLC Decreases Stock Position in The TJX Companies, Inc. $TJX

Key Points

• Alpine Woods Capital Investors LLC reduced its stake in The TJX Companies by 7.1%, decreasing its shares to 23,657 valued at approximately $2.92 million.
• Several institutional investors, such as Pinnacle Financial Partners Inc and State of Alaska Department of Revenue, increased their holdings in TJX, demonstrating continued interest in the stock among major investors.
• Analysts have positively adjusted their price targets for TJX, with Citigroup increasing its target to $160 and a consensus target price of $147.63, reflecting strong buy sentiment among analysts.

Alpine Woods Capital Investors LLC lessened its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 7.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,657 shares of the apparel and home fashions retailer's stock after selling 1,796 shares during the quarter. Alpine Woods Capital Investors LLC's holdings in TJX Companies were worth $2,921,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pinnacle Financial Partners Inc boosted its holdings in TJX Companies by 2.2% in the 1st quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer's stock worth $46,989,000 after acquiring an additional 8,319 shares during the period. State of Alaska Department of Revenue boosted its holdings in TJX Companies by 1.7% in the 1st quarter. State of Alaska Department of Revenue now owns 181,712 shares of the apparel and home fashions retailer's stock worth $22,132,000 after acquiring an additional 3,125 shares during the period. FCG Investment Co purchased a new position in TJX Companies in the 1st quarter worth approximately $2,620,000. MinichMacGregor Wealth Management LLC purchased a new position in TJX Companies in the 2nd quarter worth approximately $5,045,000. Finally, Mainstream Capital Management LLC boosted its stake in shares of TJX Companies by 4.3% during the 1st quarter. Mainstream Capital Management LLC now owns 12,450 shares of the apparel and home fashions retailer's stock valued at $1,516,000 after buying an additional 515 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analysts Set New Price Targets

TJX has been the subject of a number of recent analyst reports. Erste Group Bank initiated coverage on shares of TJX Companies in a research report on Friday, September 5th. They set a "buy" rating for the company. Robert W. Baird raised their price target on shares of TJX Companies from $143.00 to $152.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Bank of America raised their price target on shares of TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Citigroup raised their price target on shares of TJX Companies from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Finally, UBS Group raised their price target on shares of TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $147.63.

TJX Companies Stock Performance

Shares of TJX opened at $141.38 on Tuesday. The business's fifty day moving average price is $138.31 and its 200 day moving average price is $130.40. The TJX Companies, Inc. has a 12-month low of $111.73 and a 12-month high of $145.58. The stock has a market capitalization of $157.35 billion, a PE ratio of 32.20, a price-to-earnings-growth ratio of 3.12 and a beta of 0.92. 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 announced its quarterly earnings data 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. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The firm had revenue of $14.40 billion for the quarter, compared to analysts' expectations of $14.12 billion. During the same period last year, the business posted $0.96 earnings per share. The firm's revenue for the quarter 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. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

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

Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The TJX Companies, Inc. (NYSE:TJX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.