Comerica Bank Trims Stake in The TJX Companies, Inc. $TJX

Key Points

• Comerica Bank reduced its stake in The TJX Companies, Inc. by 3.0%, selling 15,102 shares, leaving them with a total of 481,480 shares worth approximately $58.64 million.
• Analysts have recently increased target prices for TJX stock, with JPMorgan raising it to $148 and Citigroup to $160, reflecting a strong consensus rating of "Buy".
• The company reported a quarterly EPS of $1.10, surpassing estimates, and declared a quarterly dividend of $0.425 to be paid on September 4th.

Comerica Bank decreased its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 481,480 shares of the apparel and home fashions retailer's stock after selling 15,102 shares during the period. Comerica Bank's holdings in TJX Companies were worth $58,644,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. TCTC Holdings LLC lifted its stake in TJX Companies by 210.1% in the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after purchasing an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC lifted its position 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 worth $36,000 after acquiring an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC lifted its position 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 worth $36,000 after acquiring an additional 149 shares in the last quarter. Inlight Wealth Management LLC purchased a new stake in shares of TJX Companies during the first quarter worth $37,000. Finally, Rialto Wealth Management LLC lifted its position in shares of TJX Companies by 105.9% during the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after acquiring an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Trading Down 0.1%

Shares of TJX Companies stock traded down $0.09 during trading on Thursday, reaching $137.14. 5,138,657 shares of the stock were exchanged, compared to its average volume of 5,364,520. The stock's fifty day moving average is $127.79 and its 200 day moving average is $125.71. 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 $153.20 billion, a price-to-earnings ratio of 31.24, a price-to-earnings-growth ratio of 3.07 and a beta of 0.89. The TJX Companies, Inc. has a 1 year low of $111.22 and a 1 year high of $145.58.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.09. The business had revenue of $14.40 billion for the quarter, compared to analysts' expectations 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 period in the previous year, the firm 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, equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 14th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, August 14th. TJX Companies's payout ratio is presently 38.72%.

Analyst Upgrades and Downgrades

TJX has been the topic of several recent research reports. Wells Fargo & Company increased their target price on TJX Companies from $120.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 21st. Barclays increased their target price on TJX Companies from $147.00 to $155.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. Sanford C. Bernstein upped their price target on shares of TJX Companies from $145.00 to $152.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Finally, UBS Group upped their price target on shares of TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, TJX Companies currently has an average rating of "Buy" and an average target price of $147.58.

Insiders Place Their Bets

In other TJX Companies news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the sale, the director directly owned 22,712 shares in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.13% of the company's stock.

About TJX Companies

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.