Fifth Third Bancorp Grows Stock Holdings in The TJX Companies, Inc. $TJX

Key Points

• Fifth Third Bancorp increased its stake in The TJX Companies, Inc. by 0.6%, now holding 924,676 shares worth approximately $114.19 million.
• The TJX Companies reported a quarterly EPS of $1.10, surpassing analyst expectations, and its revenue rose by 6.9% year-over-year to $14.40 billion.
• The company declared a quarterly dividend of $0.425 per share, with a dividend yield of 1.2%, scheduled for payment on December 4th.

Fifth Third Bancorp lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 924,676 shares of the apparel and home fashions retailer's stock after purchasing an additional 5,965 shares during the period. Fifth Third Bancorp owned about 0.08% of TJX Companies worth $114,188,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. TCTC Holdings LLC lifted its position 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 during the last quarter. Atlantic Edge Private Wealth Management LLC lifted its position 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 during the last quarter. Iron Horse Wealth Management LLC lifted its position 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 during the last quarter. Inlight Wealth Management LLC acquired a new stake in TJX Companies during the 1st quarter worth $37,000. Finally, Activest Wealth Management raised its stake in TJX Companies by 4,485.7% during the 1st quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock worth $39,000 after acquiring an additional 314 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $139.70 on Wednesday. The company has a 50-day simple moving average of $133.59 and a 200-day simple moving average of $127.86. The TJX Companies, Inc. has a one year low of $111.22 and a one year high of $145.58. 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 stock has a market capitalization of $155.48 billion, a price-to-earnings ratio of 31.82, a PEG ratio of 3.14 and a beta of 0.90.

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 EPS for the quarter, beating 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 business had revenue of $14.40 billion during the quarter, compared to analysts' expectations of $14.12 billion. During the same period in the prior year, the company earned $0.96 earnings per share. The business's revenue was up 6.9% compared to the same quarter last year. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. On average, analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Daiwa America upgraded shares of TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. Erste Group Bank assumed coverage on shares of TJX Companies in a research note on Friday, September 5th. They set a "buy" rating on the stock. Telsey Advisory Group reiterated an "outperform" rating and set a $155.00 price target (up from $150.00) on shares of TJX Companies in a research note on Wednesday, August 20th. JPMorgan Chase & Co. lifted their price target on shares of TJX Companies from $145.00 to $148.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Finally, Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, August 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target 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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