Canoe Financial LP Sells 87,100 Shares of The TJX Companies, Inc. $TJX

Key Points

• Canoe Financial LP reduced its stake in The TJX Companies by 8.3%, selling 87,100 shares during the 2nd quarter, with remaining ownership at 965,017 shares.
• The TJX Companies reported better-than-expected earnings, posting $1.10 EPS versus analysts' estimates of $1.01, and revenue of $14.40 billion, exceeding expectations of $14.12 billion.
• The company announced a quarterly dividend of $0.425 per share, representing an annual yield of 1.2%, with the ex-dividend date set for November 13th.

Canoe Financial LP reduced its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 8.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 965,017 shares of the apparel and home fashions retailer's stock after selling 87,100 shares during the period. TJX Companies accounts for about 1.7% of Canoe Financial LP's investment portfolio, making the stock its 23rd biggest holding. Canoe Financial LP owned about 0.09% of TJX Companies worth $119,170,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. TCTC Holdings LLC raised its holdings in shares of TJX Companies by 210.1% during the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after buying an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of TJX Companies by 58.8% during the first 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 buying an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC raised its holdings in shares of TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after buying an additional 149 shares during the last quarter. Inlight Wealth Management LLC bought a new stake in shares of TJX Companies during the first quarter valued at approximately $37,000. Finally, Activest Wealth Management raised its holdings in shares of TJX Companies by 4,485.7% during the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock valued at $39,000 after buying an additional 314 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Stock Down 0.2%

NYSE:TJX traded down $0.34 during trading hours on Monday, reaching $139.44. The company's stock had a trading volume of 3,597,610 shares, compared to its average volume of 5,299,500. The company has a market cap 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 TJX Companies, Inc. has a one year low of $111.22 and a one year high of $145.58. The business's 50-day moving average is $132.91 and its 200-day moving average is $127.63. 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 issued its quarterly earnings data 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. 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 during the quarter, compared to analysts' expectations of $14.12 billion. During the same period in the prior year, the company posted $0.96 earnings per share. TJX Companies's revenue for the quarter 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 predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on TJX shares. Daiwa Capital Markets started coverage on TJX Companies in a report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price target on the stock. Barclays upped their price target on TJX Companies from $147.00 to $155.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Macquarie reaffirmed a "buy" rating on shares of TJX Companies in a report on Monday, August 11th. JPMorgan Chase & Co. upped their price target on TJX Companies from $145.00 to $148.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Finally, Telsey Advisory Group restated an "outperform" rating and set a $155.00 price target (up from $150.00) on shares of TJX Companies in a report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $147.58.

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.