Bahl & Gaynor Inc. Acquires 27,623 Shares of The TJX Companies, Inc. $TJX

Key Points

• Bahl & Gaynor Inc. increased its stake in The TJX Companies, Inc. by 2.1%, acquiring an additional 27,623 shares, and now owns approximately 1.3 million shares valued at $161.4 million.
• Research firms have upgraded TJX's ratings, with one analyst setting a new target price of $155, reflecting increased confidence in the company's performance.
• The company reported a 6.9% increase in revenue year-over-year, with earnings per share for the latest quarter at $1.10, exceeding estimates.

Bahl & Gaynor Inc. boosted its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.1% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,325,389 shares of the apparel and home fashions retailer's stock after buying an additional 27,623 shares during the quarter. Bahl & Gaynor Inc. owned approximately 0.12% of TJX Companies worth $161,432,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of TJX. Shell Asset Management Co. lifted its stake in shares of TJX Companies by 16.5% during the fourth quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer's stock worth $3,524,000 after purchasing an additional 4,128 shares in the last quarter. Pathstone Holdings LLC lifted its position in shares of TJX Companies by 10.1% during the fourth quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer's stock worth $88,992,000 after purchasing an additional 67,853 shares in the last quarter. Ethic Inc. boosted its stake in shares of TJX Companies by 21.1% in the fourth quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer's stock valued at $20,196,000 after purchasing an additional 29,158 shares during the period. Fiduciary Trust Co grew its holdings in TJX Companies by 5.2% during the 4th quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer's stock valued at $349,284,000 after purchasing an additional 144,113 shares in the last quarter. Finally, Pinnacle Financial Partners Inc increased its stake in TJX Companies by 2.2% during 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 buying an additional 8,319 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Price Performance

Shares of NYSE TJX traded up $1.14 during mid-day trading on Tuesday, reaching $136.64. The company had a trading volume of 6,523,400 shares, compared to its average volume of 5,467,022. The company has a 50-day moving average price of $127.22 and a two-hundred day moving average price of $125.55. The stock has a market cap of $152.64 billion, a PE ratio of 30.87, a P/E/G ratio of 3.05 and a beta of 0.89. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The TJX Companies, Inc. has a 1-year low of $111.22 and a 1-year high of $145.58.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates 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 quarter last year, the business posted $0.96 EPS. TJX Companies's revenue 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. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's payout ratio is presently 38.72%.

Insiders Place Their Bets

In related news, Director Amy B. Lane sold 950 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director directly owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. This represents a 4.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.13% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Loop Capital set a $150.00 price target on TJX Companies and gave the company a "buy" rating in a report on Thursday, May 22nd. Daiwa America raised TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. Telsey Advisory Group reiterated an "outperform" rating and set a $155.00 target price (up from $150.00) on shares of TJX Companies in a research note on Wednesday, August 20th. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Wells Fargo & Company upped their price objective on TJX Companies from $120.00 to $130.00 and gave the company an "equal weight" rating in a research note on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of "Buy" and a consensus price target of $147.58.

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.