The TJX Companies, Inc. $TJX Stock Holdings Increased by BTC Capital Management Inc.

Key Points

• BTC Capital Management Inc. increased its stake in The TJX Companies, Inc. by 12.3%, owning 103,404 shares valued at approximately $12.7 million.
• Recent earnings results reported $1.10 EPS, surpassing estimates, with revenues up 6.9% year-over-year, indicating strong growth.
• The quarterly dividend announced is $0.425 per share, reflecting an annual yield of 1.2% with a payout ratio of 38.72%.

BTC Capital Management Inc. increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 12.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 103,404 shares of the apparel and home fashions retailer's stock after buying an additional 11,311 shares during the quarter. TJX Companies comprises approximately 1.0% of BTC Capital Management Inc.'s portfolio, making the stock its 26th biggest holding. BTC Capital Management Inc.'s holdings in TJX Companies were worth $12,687,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Clear Creek Financial Management LLC raised its holdings in shares of TJX Companies by 1.8% in the 1st quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock worth $586,000 after purchasing an additional 83 shares during the period. Knuff & Co LLC raised its holdings in shares of TJX Companies by 8.5% in the 1st quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer's stock worth $129,000 after purchasing an additional 83 shares during the period. McLean Asset Management Corp raised its holdings in shares of TJX Companies by 3.2% in the 2nd quarter. McLean Asset Management Corp now owns 2,746 shares of the apparel and home fashions retailer's stock worth $344,000 after purchasing an additional 84 shares during the period. Salem Investment Counselors Inc. raised its holdings in shares of TJX Companies by 2.2% in the 1st quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock worth $485,000 after purchasing an additional 86 shares during the period. Finally, NBC Securities Inc. raised its holdings in shares of TJX Companies by 0.6% in the 2nd quarter. NBC Securities Inc. now owns 14,274 shares of the apparel and home fashions retailer's stock worth $1,762,000 after purchasing an additional 86 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Daiwa Capital Markets assumed coverage on TJX Companies in a report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price objective on the stock. Macquarie restated a "buy" rating on shares of TJX Companies in a report on Monday, August 11th. Bank of America increased their target price on TJX Companies from $145.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Robert W. Baird increased their target price on TJX Companies from $143.00 to $152.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Finally, Citigroup increased their target price on TJX Companies from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $147.58.

TJX Companies Stock Performance

NYSE:TJX traded up $0.20 during trading hours on Tuesday, reaching $139.61. 1,102,543 shares of the stock were exchanged, compared to its average volume of 5,285,643. The stock has a market capitalization of $155.37 billion, a P/E ratio of 31.79, a P/E/G ratio of 3.14 and a beta of 0.90. The TJX Companies, Inc. has a 52 week low of $111.22 and a 52 week high of $145.58. 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 50 day simple moving average of $133.23 and a 200-day simple moving average of $127.78.

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 (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.09. The business had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The business's revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $0.96 EPS. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. As a group, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.70 annualized dividend and a dividend 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.