Focused Investors LLC Sells 19,600 Shares of The TJX Companies, Inc. $TJX

Key Points

• Focused Investors LLC sold 19,600 shares of The TJX Companies, Inc., reducing its stake to 920,250 shares, which now represents 3.7% of its investment portfolio.
• Multiple hedge funds have adjusted their holdings in TJX, with Pinnacle Financial Partners Inc. increasing its stake by 2.2% in the 1st quarter.
• Due to strong performance, Wall Street analysts have issued positive ratings for TJX, with a consensus price target of $147.63.

Focused Investors LLC decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 920,250 shares of the apparel and home fashions retailer's stock after selling 19,600 shares during the quarter. TJX Companies comprises approximately 3.7% of Focused Investors LLC's investment portfolio, making the stock its 13th largest position. Focused Investors LLC owned approximately 0.08% of TJX Companies worth $113,642,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Pinnacle Financial Partners Inc increased its stake in shares of TJX Companies by 2.2% in the 1st quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer's stock valued at $46,989,000 after acquiring an additional 8,319 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of TJX Companies by 1.7% in the 1st quarter. State of Alaska Department of Revenue now owns 181,712 shares of the apparel and home fashions retailer's stock valued at $22,132,000 after acquiring an additional 3,125 shares in the last quarter. FCG Investment Co bought a new stake in shares of TJX Companies in the 1st quarter valued at $2,620,000. MinichMacGregor Wealth Management LLC acquired a new stake in TJX Companies in the 2nd quarter valued at $5,045,000. Finally, Mainstream Capital Management LLC grew its position in TJX Companies by 4.3% in the 1st quarter. Mainstream Capital Management LLC now owns 12,450 shares of the apparel and home fashions retailer's stock valued at $1,516,000 after purchasing an additional 515 shares during the period. Institutional investors own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

TJX has been the subject of several research reports. Macquarie reissued a "buy" rating on shares of TJX Companies in a research report on Monday, August 11th. Erste Group Bank initiated coverage on shares of TJX Companies in a research report on Friday, September 5th. They issued a "buy" rating for the company. Wells Fargo & Company lifted their price target on shares of TJX Companies from $120.00 to $130.00 and gave the company an "equal weight" rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. lifted their price target on shares of TJX Companies from $148.00 to $149.00 and gave the company an "overweight" rating in a research report on Monday. Finally, Daiwa America raised shares of TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, TJX Companies has an average rating of "Buy" and a consensus price target of $147.63.

TJX Companies Trading Down 0.3%

NYSE TJX opened at $142.70 on Wednesday. The stock has a market capitalization of $158.81 billion, a price-to-earnings ratio of 32.51, a PEG ratio of 3.22 and a beta of 0.92. The TJX Companies, Inc. has a one year low of $111.73 and a one year high of $145.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52. The business's fifty day moving average is $137.20 and its 200-day moving average is $129.75.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.09. The company had revenue of $14.40 billion for the quarter, compared to analysts' expectations of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The business's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted $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 predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies's payout ratio is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.