Farther Finance Advisors LLC Boosts Position in The TJX Companies, Inc. $TJX

Key Points

• Farther Finance Advisors LLC increased its holdings in The TJX Companies, Inc. by 12.9%, acquiring an additional 2,361 shares in the most recent quarter, bringing its total to 20,624 shares valued at approximately $2.5 million.
• TJX Companies reported Q2 earnings of $1.10 per share, surpassing forecasts, with a total revenue of $14.40 billion, indicating a 6.9% year-over-year increase.
• The company has declared a quarterly dividend of $0.425 per share with an annualized yield of 1.2%, scheduled for payment on December 4.

Farther Finance Advisors LLC boosted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 12.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 20,624 shares of the apparel and home fashions retailer's stock after acquiring an additional 2,361 shares during the period. Farther Finance Advisors LLC's holdings in TJX Companies were worth $2,547,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TCTC Holdings LLC boosted its position in TJX Companies by 210.1% in the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after buying an additional 145 shares in the last quarter. Atlantic Edge Private Wealth Management LLC lifted its position in 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 valued at $36,000 after acquiring an additional 110 shares during the period. Iron Horse Wealth Management LLC grew its stake in shares of TJX Companies by 99.3% in 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 acquiring an additional 149 shares during the period. Inlight Wealth Management LLC bought a new position in shares of TJX Companies in the first quarter worth approximately $37,000. Finally, Activest Wealth Management raised 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 valued at $39,000 after acquiring an additional 314 shares during the period. 91.09% of the stock is owned by institutional investors.

TJX Companies Trading Down 0.2%

Shares of NYSE:TJX traded down $0.34 during midday trading on Monday, reaching $139.44. The company's stock had a trading volume of 3,683,147 shares, compared to its average volume of 4,656,251. 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 firm has a 50 day moving average price of $133.23 and a two-hundred day moving average price of $127.78. The firm has a market capitalization of $155.19 billion, a price-to-earnings ratio of 31.76, a PEG ratio of 3.14 and a beta of 0.90. 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 released its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The business had revenue of $14.40 billion for the quarter, compared to analysts' expectations of $14.12 billion. During the same quarter in the prior year, the firm earned $0.96 earnings per share. The firm'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. As a group, 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 announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be given a $0.425 dividend. 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 (DPR) is 38.72%.

Analyst Ratings Changes

Several research firms recently issued reports on TJX. JPMorgan Chase & Co. boosted their target price on shares of TJX Companies from $145.00 to $148.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd. Barclays lifted their price objective on TJX Companies from $147.00 to $155.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Bank of America upped their target price on TJX Companies from $145.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Finally, Citigroup raised their target price on TJX Companies from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $147.58.

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.