Baird Financial Group Inc. Increases Stake in The TJX Companies, Inc. $TJX

Key Points

• Baird Financial Group Inc. increased its holdings in The TJX Companies by 3.1%, now owning approximately $455.75 million worth of shares, making TJX its 25th largest holding.
• The TJX Companies reported a strong quarterly performance with a net margin of 8.59% and a revenue of $14.40 billion, surpassing analysts' expectations.
• The company announced a quarterly dividend of $0.425 per share, resulting in an annualized yield of 1.2%, with a payout ratio of 38.72%.

Baird Financial Group Inc. boosted its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,741,794 shares of the apparel and home fashions retailer's stock after purchasing an additional 112,236 shares during the period. TJX Companies comprises about 0.9% of Baird Financial Group Inc.'s holdings, making the stock its 25th largest holding. Baird Financial Group Inc. owned about 0.33% of TJX Companies worth $455,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. TCTC Holdings LLC lifted its stake 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 valued at $26,000 after purchasing an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC lifted its stake 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 valued at $36,000 after purchasing an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC lifted its stake 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 valued at $36,000 after purchasing an additional 149 shares during the last quarter. Inlight Wealth Management LLC bought a new position in TJX Companies in the 1st quarter valued at approximately $37,000. Finally, Activest Wealth Management lifted its stake 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 valued at $39,000 after purchasing an additional 314 shares during the last quarter. Institutional investors own 91.09% of the company's stock.

TJX Companies Price Performance

TJX stock traded down $0.49 during midday trading on Monday, reaching $136.63. The company had a trading volume of 4,116,829 shares, compared to its average volume of 5,570,308. The TJX Companies, Inc. has a 1 year low of $111.22 and a 1 year high of $145.58. The company has a market capitalization of $152.63 billion, a P/E ratio of 31.12, a P/E/G ratio of 3.07 and a beta of 0.90. The firm has a 50-day moving average price of $128.58 and a 200-day moving average price of $125.97. 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 results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.09. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The business 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 EPS. The firm'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. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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

Insider Activity at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.13% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on TJX shares. Sanford C. Bernstein increased their price objective on shares of TJX Companies from $145.00 to $152.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Daiwa Capital Markets began coverage on shares of TJX Companies in a research note on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price target for the company. Evercore ISI raised their price target on shares of TJX Companies from $150.00 to $162.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Daiwa America upgraded shares of TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, Macquarie reiterated a "buy" rating on shares of TJX Companies in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $147.58.

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.