The TJX Companies, Inc. $TJX is Bath Savings Trust Co's 3rd Largest Position

Key Points

• Bath Savings Trust Co decreased its stake in The TJX Companies to 403,171 shares, which constitutes 5.0% of its portfolio, valued at approximately $49.79 million.
• Analyst upgrades for TJX Companies include increased price targets from major firms, with Barclays and Bank of America raising their estimates to $155.00 and $150.00, respectively, leading to a consensus rating of "Buy".
• The TJX Companies reported a quarterly earnings beat with $1.10 EPS, outpacing estimates and showing revenue growth of 6.9% year-over-year at $14.40 billion.

Bath Savings Trust Co lessened its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 403,171 shares of the apparel and home fashions retailer's stock after selling 4,916 shares during the period. TJX Companies comprises about 5.0% of Bath Savings Trust Co's portfolio, making the stock its 3rd biggest position. Bath Savings Trust Co's holdings in TJX Companies were worth $49,788,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in TJX. Vanguard Group Inc. raised its stake in TJX Companies by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer's stock worth $12,230,396,000 after buying an additional 1,099,129 shares during the period. Ameriprise Financial Inc. grew its holdings in TJX Companies by 0.3% during the first quarter. Ameriprise Financial Inc. now owns 13,068,312 shares of the apparel and home fashions retailer's stock valued at $1,591,758,000 after purchasing an additional 35,800 shares during the period. Amundi grew its holdings in TJX Companies by 10.2% during the first quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer's stock valued at $1,489,305,000 after purchasing an additional 1,104,292 shares during the period. Nuveen LLC bought a new position in shares of TJX Companies in the first quarter worth $1,330,717,000. Finally, Invesco Ltd. boosted its holdings in shares of TJX Companies by 2.8% in the first quarter. Invesco Ltd. now owns 9,000,600 shares of the apparel and home fashions retailer's stock worth $1,096,273,000 after acquiring an additional 247,579 shares during the period. Institutional investors own 91.09% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Daiwa Capital Markets assumed coverage on TJX Companies in a research report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price objective on the stock. Citigroup raised their target price on TJX Companies from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Robert W. Baird raised their target price on TJX Companies from $143.00 to $152.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Erste Group Bank assumed coverage on TJX Companies in a research report on Friday, September 5th. They issued a "buy" rating on the stock. Finally, Barclays boosted their price objective on shares of TJX Companies from $147.00 to $155.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. One equities research 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 company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $147.58.

TJX Companies Price Performance

Shares of TJX stock traded down $0.32 on Friday, reaching $139.61. 7,503,417 shares of the company were exchanged, compared to its average volume of 4,569,886. The company has a market cap of $155.38 billion, a price-to-earnings ratio of 31.80, a P/E/G ratio of 3.14 and a beta of 0.90. The business has a 50-day moving average price of $132.91 and a 200 day moving average price of $127.58. 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 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 posted 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 net margin of 8.59% and a return on equity of 58.63%. The firm had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the business posted $0.96 earnings per share. TJX Companies's quarterly 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. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.2%. TJX Companies's dividend payout ratio is currently 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.