Deltec Asset Management LLC Buys 8,000 Shares of The TJX Companies, Inc. $TJX

Key Points

• Deltec Asset Management LLC significantly increased its stake in The TJX Companies, adding 8,000 shares and raising its total holdings to 21,100 shares valued at approximately $2.6 million.
• Analysts are optimistic about TJX Companies, with many issuing "buy" ratings and a consensus price target of $147.58.
• The company has announced a quarterly dividend of $0.425 to be paid on December 4th, representing an annualized yield of 1.2%.

Deltec Asset Management LLC increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 61.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,100 shares of the apparel and home fashions retailer's stock after purchasing an additional 8,000 shares during the quarter. Deltec Asset Management LLC's holdings in TJX Companies were worth $2,606,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Pinnacle Financial Partners Inc grew its stake in shares of TJX Companies by 2.2% during 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 purchasing an additional 8,319 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of TJX Companies by 1.7% during 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 purchasing an additional 3,125 shares during the last quarter. FCG Investment Co bought a new stake in shares of TJX Companies during the first quarter valued at approximately $2,620,000. MinichMacGregor Wealth Management LLC bought a new position in TJX Companies in the second quarter valued at approximately $5,045,000. Finally, Mainstream Capital Management LLC boosted its stake 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 last quarter. 91.09% of the stock is owned by 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 note on Friday, September 5th. They issued a "buy" rating on the stock. Daiwa Capital Markets assumed coverage on shares of TJX Companies in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price objective on the stock. Bank of America raised their price objective on shares of TJX Companies from $145.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Macquarie reaffirmed a "buy" rating on shares of TJX Companies in a research note on Monday, August 11th. Finally, Citigroup raised their price objective on shares of TJX Companies from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of "Buy" and a consensus price target of $147.58.

TJX Companies Stock Up 0.7%

TJX Companies stock opened at $144.54 on Wednesday. The company has a market cap of $160.86 billion, a P/E ratio of 32.92, a price-to-earnings-growth ratio of 3.23 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 company has a fifty day simple moving average of $135.52 and a 200 day simple moving average of $128.82. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32.

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, beating analysts' consensus estimates of $1.01 by $0.09. The business had revenue of $14.40 billion during 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 firm's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.96 earnings per share. 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 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. Investors 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 yield of 1.2%. TJX Companies's dividend payout ratio (DPR) 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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