Community Trust & Investment Co. Sells 3,606 Shares of The TJX Companies, Inc. $TJX

Key Points

• Community Trust & Investment Co. has reduced its stake in The TJX Companies by 2.2%, now holding 159,102 shares valued at approximately $19.65 million.
• TJX Companies reported earnings of $1.10 per share, exceeding estimates, with quarterly revenue of $14.40 billion, up 6.9% year-over-year.
• The company announced a quarterly dividend of $0.425, scheduled for payment on December 4th, reflecting an annualized yield of 1.2%.

Community Trust & Investment Co. lessened its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,102 shares of the apparel and home fashions retailer's stock after selling 3,606 shares during the period. TJX Companies comprises 1.1% of Community Trust & Investment Co.'s investment portfolio, making the stock its 27th biggest holding. Community Trust & Investment Co.'s holdings in TJX Companies were worth $19,648,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Nuveen LLC purchased a new stake in TJX Companies in the 1st quarter valued at about $1,330,717,000. GAMMA Investing LLC boosted its holdings in TJX Companies by 14,486.1% in the 1st quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock valued at $354,696,000 after purchasing an additional 2,892,151 shares during the period. Assenagon Asset Management S.A. boosted its holdings in TJX Companies by 65.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,282,351 shares of the apparel and home fashions retailer's stock valued at $399,790,000 after purchasing an additional 1,302,845 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of TJX Companies during the 4th quarter worth $136,753,000. Finally, Amundi lifted its holdings in shares of TJX Companies by 10.2% during 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 during the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on TJX. Morgan Stanley boosted their price target on shares of TJX Companies from $140.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Barclays boosted their price target on shares of TJX Companies from $147.00 to $155.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Wells Fargo & Company upped their price objective on shares of TJX Companies from $120.00 to $130.00 and gave the stock an "equal weight" rating in a report on Thursday, August 21st. Robert W. Baird increased their price objective on shares of TJX Companies from $143.00 to $152.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Finally, Evercore ISI upped their price target on shares of TJX Companies from $150.00 to $162.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. One 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. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $147.58.

TJX Companies Trading Down 0.2%

Shares of TJX Companies stock traded down $0.34 during trading on Monday, hitting $139.44. The stock had a trading volume of 3,683,147 shares, compared to its average volume of 4,656,251. The firm's fifty day simple moving average is $133.23 and its 200-day simple moving average is $127.78. The stock has a market cap of $155.19 billion, a PE ratio of 31.76, a PEG ratio of 3.14 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52. The TJX Companies, Inc. has a 12 month low of $111.22 and a 12 month high of $145.58.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $1.01 by $0.09. The company had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The firm's revenue was up 6.9% compared to the same quarter last year. During the same quarter last 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, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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