DAVENPORT & Co LLC Has $110.34 Million Holdings in The TJX Companies, Inc. $TJX

Key Points

• DAVENPORT & Co LLC increased its holdings in The TJX Companies to approximately $110.34 million, owning about 893,702 shares after adding 5,253 shares in the second quarter.
• The recent quarterly earnings report showed TJX Companies achieving $1.10 EPS, surpassing analysts' expectations and demonstrating a 6.9% increase in revenue compared to the previous year.
• The company announced a quarterly dividend of $0.425 per share, payable to shareholders on December 4th, with an annualized dividend yield of 1.2%.

DAVENPORT & Co LLC lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 893,702 shares of the apparel and home fashions retailer's stock after acquiring an additional 5,253 shares during the quarter. DAVENPORT & Co LLC owned approximately 0.08% of TJX Companies worth $110,335,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. TCTC Holdings LLC boosted its position in TJX Companies by 210.1% during the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock worth $26,000 after buying an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC raised its stake in shares of 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 acquiring an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC lifted its holdings in shares of TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after purchasing an additional 149 shares during the period. Inlight Wealth Management LLC acquired a new position in shares of TJX Companies during the first quarter worth $37,000. Finally, Activest Wealth Management grew its stake in shares of TJX Companies by 4,485.7% in the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock worth $39,000 after purchasing an additional 314 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Trading Down 0.8%

Shares of TJX stock opened at $141.30 on Monday. The company has a market cap of $157.26 billion, a P/E ratio of 32.19, a PEG ratio of 3.18 and a beta of 0.92. The stock has a 50 day simple moving average of $136.51 and a two-hundred day simple moving average of $129.47. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17. The TJX Companies, Inc. has a fifty-two week low of $111.22 and a fifty-two week 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 earnings per share (EPS) 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 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% compared to the same quarter last year. During the same period in the prior year, the business 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 forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be issued a dividend of $0.425 per share. The ex-dividend date is Thursday, November 13th. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. TJX Companies's dividend payout ratio is currently 38.72%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Macquarie reaffirmed a "buy" rating on shares of TJX Companies in a research report on Monday, August 11th. Daiwa Capital Markets began coverage on TJX Companies in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price target for the company. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $155.00 price objective (up from $150.00) on shares of TJX Companies in a research note on Wednesday, August 20th. Citigroup upped their target price on TJX Companies from $140.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Finally, Daiwa America upgraded shares of TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $147.58.

TJX Companies Company 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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