Crew Capital Management Ltd. Sells 3,580 Shares of The TJX Companies, Inc. $TJX

Key Points

• Crew Capital Management Ltd. significantly reduced its stake in The TJX Companies by selling 3,580 shares, leading to a 59.6% decrease in its holdings.
• Analysts have set new price targets for TJX, with a consensus estimate of $147.58 and numerous firms assigning a "buy" rating.
• The company announced a quarterly dividend of $0.425 per share, with a dividend yield of 1.2%, scheduled to be paid on December 4th.

Crew Capital Management Ltd. trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 59.6% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 2,427 shares of the apparel and home fashions retailer's stock after selling 3,580 shares during the quarter. Crew Capital Management Ltd.'s holdings in TJX Companies were worth $300,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Pinnacle Financial Partners Inc lifted its holdings in TJX Companies by 2.2% in the first quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer's stock valued at $46,989,000 after acquiring an additional 8,319 shares during the period. State of Alaska Department of Revenue lifted its holdings in TJX Companies by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 181,712 shares of the apparel and home fashions retailer's stock valued at $22,132,000 after acquiring an additional 3,125 shares during the period. FCG Investment Co bought a new position in TJX Companies in the first quarter valued at about $2,620,000. Mainstream Capital Management LLC lifted its holdings in TJX Companies by 4.3% in the first quarter. Mainstream Capital Management LLC now owns 12,450 shares of the apparel and home fashions retailer's stock valued at $1,516,000 after acquiring an additional 515 shares during the period. Finally, Parr Mcknight Wealth Management Group LLC lifted its holdings in TJX Companies by 12.6% in the first quarter. Parr Mcknight Wealth Management Group LLC now owns 40,840 shares of the apparel and home fashions retailer's stock valued at $4,974,000 after acquiring an additional 4,579 shares during the period. 91.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TJX has been the topic of a number of recent research reports. Telsey Advisory Group reissued an "outperform" rating and issued a $155.00 target price (up previously from $150.00) on shares of TJX Companies in a report on Wednesday, August 20th. Daiwa America raised TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. Bank of America increased their target price on TJX Companies from $145.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Daiwa Capital Markets initiated coverage on TJX Companies in a report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 target price on the stock. Finally, Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, TJX Companies presently has an average rating of "Buy" and a consensus price target of $147.58.

TJX Companies Stock Down 0.2%

Shares of TJX opened at $139.44 on Tuesday. The stock has a market capitalization of $155.19 billion, a price-to-earnings ratio of 31.76, a price-to-earnings-growth 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 business's 50 day simple moving average is $133.23 and its 200-day simple moving average is $127.78. 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 issued 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 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 company's revenue for the quarter was up 6.9% on a year-over-year basis. 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. As a group, equities analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share 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. 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 is Thursday, November 13th. 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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