First Merchants Corp Lowers Stock Holdings in The TJX Companies, Inc. $TJX

First Merchants Corp lowered its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,726 shares of the apparel and home fashions retailer's stock after selling 3,509 shares during the period. First Merchants Corp's holdings in TJX Companies were worth $13,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of TJX. TCTC Holdings LLC raised its position in TJX Companies by 210.1% in the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after purchasing an additional 145 shares in the last quarter. Atlantic Edge Private Wealth Management LLC raised its position in TJX Companies by 58.8% in 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 purchasing an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC raised its position in TJX Companies by 99.3% in 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 purchasing an additional 149 shares in the last quarter. Inlight Wealth Management LLC acquired a new stake in TJX Companies in the 1st quarter valued at about $37,000. Finally, Activest Wealth Management raised its position in TJX Companies by 4,485.7% in the 1st quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock valued at $39,000 after purchasing an additional 314 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Trading Down 1.4%

Shares of TJX stock opened at $140.68 on Thursday. The business's 50 day moving average is $137.50 and its two-hundred day moving average is $129.83. The TJX Companies, Inc. has a twelve month low of $111.73 and a twelve month high of $145.58. The company has a market capitalization of $156.57 billion, a P/E ratio of 32.05, a price-to-earnings-growth ratio of 3.17 and a beta of 0.92. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32.

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 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.09. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The company had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period last year, the business posted $0.96 EPS. The company'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. Equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm 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. The ex-dividend date is Thursday, November 13th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. TJX Companies's payout ratio is 38.72%.

Analysts Set New Price Targets

TJX has been the topic of several research analyst reports. UBS Group raised their target price on TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Daiwa America upgraded TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. raised their price target on TJX Companies from $148.00 to $149.00 and gave the stock an "overweight" rating in a research note on Monday. Telsey Advisory Group restated an "outperform" rating and set a $155.00 price target (up previously from $150.00) on shares of TJX Companies in a research note on Wednesday, August 20th. Finally, Barclays raised their price target on TJX Companies from $147.00 to $155.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $147.63.

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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