Concurrent Investment Advisors LLC Buys 2,783 Shares of The TJX Companies, Inc. $TJX

Key Points

• Concurrent Investment Advisors LLC increased its stake in The TJX Companies by 4.2%, acquiring an additional 2,783 shares and bringing its total holdings to 69,813 shares valued at approximately $8.62 million.
• Analysts have set new price targets for TJX Companies, with expectations ranging from $152.00 to $155.00, and a consensus average target of $147.63, reflecting a generally positive outlook.
• TJX Companies announced a quarterly dividend of $0.425 per share, with an annualized dividend yield of 1.2%, and a payout ratio of 38.72%.

Concurrent Investment Advisors LLC raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,813 shares of the apparel and home fashions retailer's stock after purchasing an additional 2,783 shares during the quarter. Concurrent Investment Advisors LLC's holdings in TJX Companies were worth $8,621,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. TCTC Holdings LLC lifted its position in 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 purchasing an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC lifted its position in 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 purchasing an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC lifted its holdings in shares of TJX Companies by 99.3% in the 1st 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 during the last quarter. Inlight Wealth Management LLC bought a new stake in shares of TJX Companies in the 1st quarter worth approximately $37,000. Finally, Activest Wealth Management lifted its holdings in shares of TJX Companies by 4,485.7% in the 1st quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock worth $39,000 after acquiring an additional 314 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TJX has been the subject of a number of recent research reports. Sanford C. Bernstein boosted their price objective 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. Robert W. Baird boosted their price objective on shares of TJX Companies from $143.00 to $152.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Telsey Advisory Group restated an "outperform" rating and issued a $155.00 price objective (up from $150.00) on shares of TJX Companies in a report on Wednesday, August 20th. Macquarie restated a "buy" rating on shares of TJX Companies in a report on Monday, August 11th. Finally, Weiss Ratings reaffirmed a "buy (b+)" rating on shares of TJX Companies in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, TJX Companies has an average rating of "Buy" and an average price target of $147.63.

TJX Companies Stock Up 1.3%

Shares of TJX Companies stock opened at $140.38 on Monday. 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 company's fifty day simple moving average is $138.07 and its two-hundred day simple moving average is $130.24. The company has a market cap of $156.23 billion, a P/E ratio of 31.98, a PEG ratio of 3.12 and a beta of 0.92. The TJX Companies, Inc. has a 12-month low of $111.73 and a 12-month high of $145.58.

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 firm 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 company's revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

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

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