CHB Investment Group LLC Boosts Position in The TJX Companies, Inc. $TJX

Key Points

• CHB Investment Group LLC increased its stake in The TJX Companies by 11.6%, owning 27,120 shares valued at approximately $3.35 million as of the latest report.
• TJX Companies reported a quarterly EPS of $1.10, exceeding analysts' estimates of $1.01, and achieved a revenue of $14.40 billion, up 6.9% year-over-year.
• The company declared a quarterly dividend of $0.425, with an annualized yield of 1.2%, payable on December 4th to shareholders of record on November 13th.

CHB Investment Group LLC raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 11.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,120 shares of the apparel and home fashions retailer's stock after buying an additional 2,829 shares during the quarter. CHB Investment Group LLC's holdings in TJX Companies were worth $3,349,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Clear Creek Financial Management LLC grew its holdings in TJX Companies by 1.8% during the 1st quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock valued at $586,000 after buying an additional 83 shares in the last quarter. Knuff & Co LLC boosted its position in shares of TJX Companies by 8.5% during the 1st quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer's stock valued at $129,000 after acquiring an additional 83 shares during the last quarter. McLean Asset Management Corp boosted its position in shares of TJX Companies by 3.2% during the 2nd quarter. McLean Asset Management Corp now owns 2,746 shares of the apparel and home fashions retailer's stock valued at $344,000 after acquiring an additional 84 shares during the last quarter. Salem Investment Counselors Inc. boosted its position in shares of TJX Companies by 2.2% during the 1st quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock valued at $485,000 after acquiring an additional 86 shares during the last quarter. Finally, NBC Securities Inc. boosted its position in shares of TJX Companies by 0.6% during the 2nd quarter. NBC Securities Inc. now owns 14,274 shares of the apparel and home fashions retailer's stock valued at $1,762,000 after acquiring an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Stock Performance

NYSE:TJX opened at $139.70 on Wednesday. The business has a 50 day moving average of $133.59 and a 200 day moving average of $127.86. The company has a market capitalization of $155.48 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 3.14 and a beta of 0.90. The TJX Companies, Inc. has a 1-year low of $111.22 and a 1-year high of $145.58. 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 released its 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. The company had revenue of $14.40 billion during 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%.TJX Companies's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company 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. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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

Analysts Set New Price Targets

TJX has been the subject of a number of research analyst reports. Erste Group Bank initiated coverage on TJX Companies in a research report on Friday, September 5th. They set a "buy" rating for the company. Robert W. Baird lifted their price target on TJX Companies from $143.00 to $152.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Macquarie reiterated a "buy" rating on shares of TJX Companies in a research report on Monday, August 11th. Morgan Stanley lifted their price target on TJX Companies from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Finally, JPMorgan Chase & Co. boosted their target price on TJX Companies from $145.00 to $148.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $147.58.

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.

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