First American Bank Acquires 5,921 Shares of The TJX Companies, Inc. $TJX

Key Points

• First American Bank increased its stake in The TJX Companies by 4.5%, acquiring an additional 5,921 shares, bringing its total ownership to 138,840 shares valued at $17.15 million.
• Equities analysts have a positive outlook on TJX Companies, with multiple firms raising their price targets; for example, JPMorgan Chase set a new target of $148, while UBS Group revised theirs to $172.
• The TJX Companies reported quarterly earnings of $1.10 per share, exceeding expectations and showing a 6.9% year-over-year revenue increase, totaling $14.40 billion for the quarter.

First American Bank increased its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 138,840 shares of the apparel and home fashions retailer's stock after acquiring an additional 5,921 shares during the period. TJX Companies comprises about 1.2% of First American Bank's portfolio, making the stock its 20th largest position. First American Bank's holdings in TJX Companies were worth $17,145,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. MinichMacGregor Wealth Management LLC acquired a new stake in shares of TJX Companies in the 2nd quarter valued at about $5,045,000. Howard Capital Management Group LLC grew its stake in shares of TJX Companies by 2.3% in the second quarter. Howard Capital Management Group LLC now owns 247,472 shares of the apparel and home fashions retailer's stock valued at $30,560,000 after buying an additional 5,465 shares in the last quarter. Patton Fund Management Inc. bought a new position in shares of TJX Companies in the 2nd quarter valued at about $215,000. Kathmere Capital Management LLC increased its position in TJX Companies by 6.0% during the second quarter. Kathmere Capital Management LLC now owns 4,840 shares of the apparel and home fashions retailer's stock worth $598,000 after buying an additional 274 shares during the last quarter. Finally, ST Germain D J Co. Inc. lifted its holdings in TJX Companies by 4.9% during the 2nd quarter. ST Germain D J Co. Inc. now owns 99,957 shares of the apparel and home fashions retailer's stock valued at $12,344,000 after purchasing an additional 4,707 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on TJX shares. JPMorgan Chase & Co. raised their price target 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. UBS Group raised their price target on shares of TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Citigroup increased their target price on shares of TJX Companies from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Telsey Advisory Group reissued an "outperform" rating and issued a $155.00 price objective (up from $150.00) on shares of TJX Companies in a research note on Wednesday, August 20th. Finally, Barclays lifted their price objective on shares of TJX Companies from $147.00 to $155.00 and gave the company an "overweight" 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 company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $147.58.

TJX Companies Stock Up 1.2%

TJX stock opened at $143.09 on Friday. The TJX Companies, Inc. has a fifty-two week low of $111.22 and a fifty-two week high of $145.58. The company has a market capitalization of $159.25 billion, a price-to-earnings ratio of 32.60, a PEG ratio of 3.18 and a beta of 0.90. 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 fifty day moving average of $134.77 and a 200-day moving average of $128.30.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, topping 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 for the quarter, compared to analysts' expectations of $14.12 billion. During the same period in the prior year, the business earned $0.96 earnings per share. TJX Companies's revenue for the quarter 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. As a group, equities research analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

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

TJX Companies 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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