EverSource Wealth Advisors LLC Sells 11,615 Shares of The TJX Companies, Inc. $TJX

Key Points

• EverSource Wealth Advisors LLC reduced its stock position in The TJX Companies by 57.0%, now holding 8,754 shares valued at approximately $1.066 million.
• In the first quarter, several other large investors increased their holdings in TJX Companies, with TCTC Holdings LLC growing its position by 210.1%.
• Analysts have issued a generally positive outlook on TJX Companies, with twenty analysts assigning a buy rating and a target price averaging $141.33.

EverSource Wealth Advisors LLC cut its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 57.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 8,754 shares of the apparel and home fashions retailer's stock after selling 11,615 shares during the quarter. EverSource Wealth Advisors LLC's holdings in TJX Companies were worth $1,066,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. TCTC Holdings LLC raised its stake in shares of 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 purchasing an additional 145 shares in the last quarter. Atlantic Edge Private Wealth Management LLC raised its stake in shares of TJX Companies by 58.8% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after purchasing an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC raised its stake in shares of TJX Companies by 99.3% during the 1st 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 in the last quarter. Inlight Wealth Management LLC purchased a new stake in shares of TJX Companies during the 1st quarter worth about $37,000. Finally, Rialto Wealth Management LLC raised its stake in shares of TJX Companies by 105.9% during the 1st quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after purchasing an additional 179 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the transaction, the director directly owned 22,712 shares of the company's stock, valued at $2,909,180.08. This represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.13% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

TJX has been the subject of a number of recent research reports. Morgan Stanley set a $140.00 price target on TJX Companies and gave the stock an "overweight" rating in a research note on Thursday, May 22nd. TD Securities raised their price target on TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Loop Capital set a $150.00 price target on TJX Companies and gave the stock a "buy" rating in a research note on Thursday, May 22nd. Telsey Advisory Group reissued an "outperform" rating and issued a $150.00 price objective on shares of TJX Companies in a research note on Wednesday, August 13th. Finally, Daiwa America raised TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $141.33.

TJX Companies Trading Up 1.0%

NYSE TJX traded up $1.37 on Tuesday, reaching $134.43. The company had a trading volume of 6,721,612 shares, compared to its average volume of 4,822,886. The company has a quick ratio of 0.51, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The stock has a market cap of $150.17 billion, a price-to-earnings ratio of 31.63, a PEG ratio of 3.10 and a beta of 0.89. The stock's 50 day moving average is $126.21 and its 200-day moving average is $125.23. The TJX Companies, Inc. has a 52 week low of $111.22 and a 52 week high of $135.85.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.02. The company had revenue of $13.11 billion during the quarter, compared to analysts' expectations of $13.01 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%.TJX Companies's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 earnings per share. TJX Companies has set its FY 2026 guidance at 4.340-4.430 EPS. Q2 2026 guidance at 0.970-1.000 EPS. Equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio is currently 40.00%.

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.