Bridges Investment Management Inc. Sells 3,171 Shares of The TJX Companies, Inc. $TJX

Key Points

• Bridges Investment Management Inc. reduced its stake in TJX Companies by 2.1%, selling 3,171 shares during the second quarter, holding a total of 148,313 shares worth approximately $18.31 million.
• TJX Companies reported quarterly earnings of $1.10 EPS, surpassing estimates of $1.01, with a revenue of $14.40 billion, up 6.9% year-over-year.
• The company has announced a quarterly dividend of $0.425 per share, translating to an annualized dividend of $1.70 and a yield of 1.2%, with a payout ratio of 38.72%.

Bridges Investment Management Inc. lowered its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 148,313 shares of the apparel and home fashions retailer's stock after selling 3,171 shares during the quarter. Bridges Investment Management Inc.'s holdings in TJX Companies were worth $18,315,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Callahan Advisors LLC boosted its holdings in TJX Companies by 1.2% during the 2nd quarter. Callahan Advisors LLC now owns 20,753 shares of the apparel and home fashions retailer's stock valued at $2,563,000 after acquiring an additional 251 shares during the period. New York State Teachers Retirement System lifted its position in shares of TJX Companies by 0.4% during the second quarter. New York State Teachers Retirement System now owns 859,731 shares of the apparel and home fashions retailer's stock worth $106,168,000 after purchasing an additional 3,425 shares during the last quarter. Ritholtz Wealth Management boosted its stake in shares of TJX Companies by 20.5% during the second quarter. Ritholtz Wealth Management now owns 23,032 shares of the apparel and home fashions retailer's stock valued at $2,844,000 after purchasing an additional 3,915 shares during the period. Harbour Investments Inc. grew its holdings in shares of TJX Companies by 4.9% in the second quarter. Harbour Investments Inc. now owns 4,482 shares of the apparel and home fashions retailer's stock worth $553,000 after purchasing an additional 210 shares during the last quarter. Finally, Aries Wealth Management increased its stake in TJX Companies by 1.7% in the 2nd quarter. Aries Wealth Management now owns 14,351 shares of the apparel and home fashions retailer's stock worth $1,772,000 after buying an additional 240 shares during the period. Institutional investors own 91.09% of the company's stock.

TJX Companies Price Performance

Shares of NYSE TJX opened at $145.00 on Thursday. The business's 50 day moving average price is $138.88 and its 200 day moving average price is $130.60. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The firm has a market cap of $161.38 billion, a P/E ratio of 33.03, a P/E/G ratio of 3.20 and a beta of 0.92. The TJX Companies, Inc. has a 52 week low of $111.73 and a 52 week high of $146.46.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 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 business had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the prior year, the firm posted $0.96 EPS. The business's quarterly revenue 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, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on TJX shares. Weiss Ratings reaffirmed a "buy (b+)" rating on shares of TJX Companies in a research report on Wednesday, October 8th. Citigroup upped their price objective on TJX Companies from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Erste Group Bank started coverage on TJX Companies in a research report on Friday, September 5th. They set a "buy" rating on the stock. UBS Group upped their target price on TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Finally, Bank of America upped their target price on TJX Companies from $145.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $148.50.

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.

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