Curbstone Financial Management Corp Lowers Position in The TJX Companies, Inc. $TJX

Key Points

• Curbstone Financial Management Corp has reduced its stake in The TJX Companies by 7.5%, now owning 34,184 shares valued at approximately $4.22 million, making it the fund's 24th largest investment.
• Several hedge funds, including Nuveen LLC and Mirova US LLC, have increased their stakes in TJX Companies, indicating strong institutional interest in the company.
• Analysts have a generally positive outlook on TJX Companies, with 23 buy ratings and a new average price target of $148.50 following upgrades from firms like Wells Fargo and UBS Group.

Curbstone Financial Management Corp decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 7.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,184 shares of the apparel and home fashions retailer's stock after selling 2,760 shares during the quarter. TJX Companies comprises about 0.9% of Curbstone Financial Management Corp's investment portfolio, making the stock its 24th biggest holding. Curbstone Financial Management Corp's holdings in TJX Companies were worth $4,221,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of the business. Nuveen LLC bought a new stake in shares of TJX Companies in the first quarter worth $1,330,717,000. Mirova US LLC lifted its stake in shares of TJX Companies by 164.5% during the 2nd quarter. Mirova US LLC now owns 2,699,156 shares of the apparel and home fashions retailer's stock worth $333,319,000 after acquiring an additional 1,678,665 shares during the last quarter. Amundi grew its stake in TJX Companies by 10.2% in the first quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer's stock worth $1,489,305,000 after purchasing an additional 1,104,292 shares in the last quarter. Vanguard Group Inc. boosted its position in TJX Companies by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer's stock valued at $12,230,396,000 after acquiring an additional 1,099,129 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in TJX Companies by 17.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,807,714 shares of the apparel and home fashions retailer's stock worth $829,180,000 after buying an additional 1,025,329 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. BTIG Research assumed coverage on TJX Companies in a research note on Tuesday. They issued a "buy" rating and a $165.00 price target for the company. Wells Fargo & Company upped their price target on TJX Companies from $120.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 21st. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. Daiwa Capital Markets began coverage on TJX Companies in a report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price target on the stock. Finally, UBS Group lifted their price target on shares of TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $148.50.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $143.95 on Friday. The firm's 50 day moving average is $139.33 and its two-hundred day moving average is $130.88. 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 $160.21 billion, a P/E ratio of 32.79, a PEG ratio of 3.16 and a beta of 0.92. The TJX Companies, Inc. has a 52 week low of $111.73 and a 52 week high of $146.46.

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 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.09. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The firm had revenue of $14.40 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter last year, the business posted $0.96 EPS. The company's revenue was up 6.9% on a year-over-year basis. 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 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 payout ratio is 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.

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