Community Trust & Investment Co. Has $19.65 Million Position in 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. lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. 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 about 1.1% of Community Trust & Investment Co.'s portfolio, making the stock its 27th biggest position. Community Trust & Investment Co.'s holdings in TJX Companies were worth $19,648,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Atticus Wealth Management LLC increased its holdings in TJX Companies by 675.0% during the 2nd quarter. Atticus Wealth Management LLC now owns 1,085 shares of the apparel and home fashions retailer's stock valued at $134,000 after purchasing an additional 945 shares during the period. Wedmont Private Capital grew its holdings in TJX Companies by 1.8% in the second quarter. Wedmont Private Capital now owns 16,470 shares of the apparel and home fashions retailer's stock worth $2,066,000 after purchasing an additional 285 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in TJX Companies by 24.6% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 190,784 shares of the apparel and home fashions retailer's stock worth $23,560,000 after purchasing an additional 37,669 shares during the period. Dynamic Advisor Solutions LLC raised its position in shares of TJX Companies by 1.6% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 17,164 shares of the apparel and home fashions retailer's stock worth $2,120,000 after purchasing an additional 270 shares during the last quarter. Finally, Bruce G. Allen Investments LLC raised its position in TJX Companies by 28.3% in the second quarter. Bruce G. Allen Investments LLC now owns 1,389 shares of the apparel and home fashions retailer's stock valued at $172,000 after purchasing an additional 306 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Erste Group Bank assumed coverage on shares of TJX Companies in a research report on Friday, September 5th. They set a "buy" rating for the company. JPMorgan Chase & Co. lifted their price target on shares of TJX Companies from $145.00 to $148.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. UBS Group boosted their price objective on TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Telsey Advisory Group reissued an "outperform" rating and issued a $155.00 target price (up from $150.00) on shares of TJX Companies in a research note on Wednesday, August 20th. Finally, Robert W. Baird lifted their target price on TJX Companies from $143.00 to $152.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, TJX Companies has an average rating of "Buy" and a consensus price target of $147.58.

TJX Companies Stock Down 0.2%

NYSE TJX traded down $0.32 during mid-day trading on Friday, hitting $139.61. The company's stock had a trading volume of 7,503,417 shares, compared to its average volume of 4,569,886. The company's 50 day simple moving average is $132.91 and its 200 day simple moving average is $127.58. The TJX Companies, Inc. has a twelve month low of $111.22 and a twelve month high of $145.58. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $155.38 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 3.14 and a beta of 0.90.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.09. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The business had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the prior year, the company earned $0.96 earnings per share. The firm's quarterly revenue was up 6.9% compared to the same quarter last year. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. Analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be given a dividend of $0.425 per share. 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 currently 38.72%.

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.