Financiere des Professionnels Fonds d investissement inc. Trims Holdings in The TJX Companies, Inc. $TJX

Key Points

• Financiere des Professionnels Fonds d'investissement inc. reduced its stake in The TJX Companies by 4.7% in the second quarter, owning 41,555 shares valued at approximately $5.1 million after selling 2,046 shares.
• Multiple hedge funds increased their stakes in TJX, with Berkshires Bank leading the charge by growing its holdings by 9.7%, now owning 45,614 shares worth about $5.6 million.
• Analysts have raised their target prices for TJX, with Bank of America increasing its target from $145 to $150 and maintaining a "buy" rating, contributing to a consensus rating of "buy" across the board.

Financiere des Professionnels Fonds d investissement inc. trimmed its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,555 shares of the apparel and home fashions retailer's stock after selling 2,046 shares during the period. Financiere des Professionnels Fonds d investissement inc.'s holdings in TJX Companies were worth $5,132,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of TJX. TCTC Holdings LLC increased 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 valued at $26,000 after acquiring an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC increased 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 valued at $36,000 after acquiring an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC increased 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 valued at $36,000 after acquiring an additional 149 shares during the last quarter. Inlight Wealth Management LLC acquired a new position in shares of TJX Companies during the 1st quarter valued at about $37,000. Finally, Activest Wealth Management increased its stake in shares of 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 valued at $39,000 after acquiring an additional 314 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of TJX Companies from $120.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 21st. Robert W. Baird increased their target price on shares of TJX Companies from $143.00 to $152.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Barclays increased their target price on shares of TJX Companies from $147.00 to $155.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Sanford C. Bernstein increased their target price on shares of TJX Companies from $145.00 to $152.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Finally, JPMorgan Chase & Co. increased their target price on shares of TJX Companies from $145.00 to $148.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. One equities research 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. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $147.58.

TJX Companies Stock Up 0.0%

NYSE:TJX traded up $0.01 during trading hours on Thursday, hitting $140.05. The stock had a trading volume of 4,794,483 shares, compared to its average volume of 4,682,858. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The TJX Companies, Inc. has a 1-year low of $111.22 and a 1-year high of $145.58. The business has a 50 day simple moving average of $132.59 and a two-hundred day simple moving average of $127.43. The company has a market cap of $155.87 billion, a PE ratio of 31.90, a price-to-earnings-growth ratio of 3.15 and a beta of 0.90.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter last year, the company earned $0.96 earnings per share. TJX Companies's revenue for the quarter 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. Analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies's dividend payout ratio 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.