The TJX Companies, Inc. $TJX Shares Sold by Busey Bank

Key Points

• Busey Bank reduced its holdings in The TJX Companies, Inc. by 50.1%, selling 2,946 shares in the second quarter, now owning 2,940 shares valued at approximately $363,000.
• During the first quarter, several investors increased their positions in TJX, with Activest Wealth Management boosting their holdings by an eye-popping 4,485.7%.
• TJX Companies reported a quarterly earnings per share (EPS) of $1.10, exceeding analysts' expectations of $1.01, along with a year-over-year revenue increase of 6.9%.

Busey Bank lessened its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 50.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,940 shares of the apparel and home fashions retailer's stock after selling 2,946 shares during the quarter. Busey Bank's holdings in TJX Companies were worth $363,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in TJX Companies by 1.1% in 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 acquiring an additional 1,099,129 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in TJX Companies by 0.3% in the 1st quarter. Ameriprise Financial Inc. now owns 13,068,312 shares of the apparel and home fashions retailer's stock worth $1,591,758,000 after acquiring an additional 35,800 shares in the last quarter. Amundi increased its holdings in TJX Companies by 10.2% in the 1st quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer's stock worth $1,489,305,000 after acquiring an additional 1,104,292 shares in the last quarter. Nuveen LLC purchased a new stake in TJX Companies in the 1st quarter worth $1,330,717,000. Finally, Invesco Ltd. increased its holdings in TJX Companies by 2.8% in the 1st 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 in the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, August 23rd. Sanford C. Bernstein lifted their target price on shares of TJX Companies from $145.00 to $152.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Robert W. Baird lifted their target price on shares of TJX Companies from $143.00 to $152.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Daiwa Capital Markets assumed coverage on shares of TJX Companies in a research note on Tuesday, July 8th. They set an "outperform" rating and a $133.00 target price on the stock. Finally, Erste Group Bank assumed coverage on shares of TJX Companies in a research note on Friday, September 5th. They set a "buy" rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $147.58.

TJX Companies Trading Down 0.2%

NYSE:TJX traded down $0.34 on Monday, reaching $139.44. 3,683,147 shares of the company's stock were exchanged, compared to its average volume of 5,308,948. 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 capitalization of $155.19 billion, a price-to-earnings ratio of 31.76, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90. The business has a fifty day moving average of $132.91 and a 200-day moving average of $127.63. The TJX Companies, Inc. has a 52-week low of $111.22 and a 52-week 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 (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.09. The company had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The business's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 earnings per share. 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, analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

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

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.