First Citizens Bank & Trust Co. Has $2.13 Million Stake in The TJX Companies, Inc. $TJX

Key Points

• First Citizens Bank & Trust Co. reduced its stake in The TJX Companies, Inc. by 47.7%, holding a total of 17,275 shares valued at $2.13 million as of its latest SEC filing.
• The TJX Companies reported earnings of $1.10 per share for the last quarter, exceeding the consensus estimate by $0.09, with revenue increasing by 6.9% year-over-year.
• The company declared a quarterly dividend of $0.425 per share, with an ex-dividend date of November 13th, representing an annual yield of 1.2%.

First Citizens Bank & Trust Co. reduced its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 47.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,275 shares of the apparel and home fashions retailer's stock after selling 15,787 shares during the quarter. First Citizens Bank & Trust Co.'s holdings in TJX Companies were worth $2,133,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of TJX. Nuveen LLC purchased a new stake in TJX Companies in the 1st quarter valued at $1,330,717,000. Mirova US LLC raised its position in TJX Companies by 164.5% in the 2nd quarter. Mirova US LLC now owns 2,699,156 shares of the apparel and home fashions retailer's stock valued at $333,319,000 after buying an additional 1,678,665 shares during the last quarter. Amundi raised its position in TJX Companies by 10.2% in the 1st quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer's stock valued at $1,489,305,000 after buying an additional 1,104,292 shares during the last quarter. Vanguard Group Inc. raised its position in TJX Companies by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer's stock valued at $12,230,396,000 after buying an additional 1,099,129 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in TJX Companies by 17.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,807,714 shares of the apparel and home fashions retailer's stock valued at $829,180,000 after buying an additional 1,025,329 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Trading Down 0.5%

Shares of TJX Companies stock opened at $142.32 on Friday. The TJX Companies, Inc. has a 1 year low of $111.73 and a 1 year high of $146.46. The firm has a market cap of $158.39 billion, a PE ratio of 32.42, a P/E/G ratio of 3.18 and a beta of 0.92. The stock has a fifty day moving average price of $140.12 and a 200-day moving average price of $131.44. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results 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. The company had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The firm's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.96 EPS. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. Equities research analysts anticipate 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. 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 is presently 38.72%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on TJX Companies from $148.00 to $149.00 and gave the company an "overweight" rating in a research report on Monday, October 6th. Morgan Stanley increased their price target on TJX Companies from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. UBS Group increased their price target on TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Daiwa Capital Markets assumed coverage on TJX Companies in a research report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 target price for the company. Finally, Barclays raised their target price on TJX Companies from $147.00 to $155.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $148.50.

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.

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