Eastern Bank Has $15.42 Million Stake in The TJX Companies, Inc. $TJX

Key Points

• Eastern Bank has decreased its stake in The TJX Companies, Inc. by 1.9%, holding 124,874 shares valued at approximately $15.42 million.
• Brokerages have increased their target prices for TJX shares, with several setting new targets ranging from $133 to $162, reflecting positive sentiment and multiple "outperform" ratings.
• The TJX Companies reported earnings of $1.10 per share, exceeding analysts' expectations, and has been granted a consensus "Buy" rating with a forecast of 4.18 earnings per share for the current fiscal year.

Eastern Bank trimmed its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 124,874 shares of the apparel and home fashions retailer's stock after selling 2,363 shares during the period. Eastern Bank's holdings in TJX Companies were worth $15,421,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in TJX. Brighton Jones LLC boosted its position in shares of TJX Companies by 113.7% during the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after acquiring an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in shares of TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after acquiring an additional 235 shares in the last quarter. Bison Wealth LLC boosted its position in shares of TJX Companies by 32.9% during the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer's stock valued at $466,000 after acquiring an additional 955 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of TJX Companies by 19.8% during the 1st quarter. GAMMA Investing LLC now owns 23,909 shares of the apparel and home fashions retailer's stock valued at $2,912,000 after acquiring an additional 3,944 shares in the last quarter. Finally, Zhang Financial LLC boosted its position in shares of TJX Companies by 7.0% during the 1st quarter. Zhang Financial LLC now owns 2,218 shares of the apparel and home fashions retailer's stock valued at $270,000 after acquiring an additional 145 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TJX. Evercore ISI lifted their target price on shares of TJX Companies from $150.00 to $162.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Telsey Advisory Group reiterated an "outperform" rating and set a $155.00 target price (up from $150.00) on shares of TJX Companies in a research report on Wednesday, August 20th. Daiwa America raised shares of TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. Daiwa Capital Markets started coverage on shares of TJX Companies in a report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price target for the company. Finally, Barclays lifted their price target on shares of TJX Companies from $147.00 to $155.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. One 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 currently has a consensus rating of "Buy" and a consensus target price of $147.63.

TJX Companies Trading Up 1.3%

Shares of TJX stock opened at $140.38 on Friday. The TJX Companies, Inc. has a 12-month low of $111.73 and a 12-month high of $145.58. The company has a market capitalization of $156.23 billion, a P/E ratio of 31.98, a P/E/G ratio of 3.08 and a beta of 0.92. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $138.07 and a 200 day moving average price of $130.10.

TJX Companies (NYSE:TJX - Get Free Report) last announced 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. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The company had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. 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. Research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be paid 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 payout ratio is currently 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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