Franklin Street Advisors Inc. NC Reduces Holdings in The TJX Companies, Inc. $TJX

Key Points

• Franklin Street Advisors Inc. NC reduced its stake in The TJX Companies by 1.9%, owning 202,099 shares worth approximately $24.96 million after selling 3,918 shares in the second quarter.
• TJX reported a net margin of 8.59% and a revenue increase of 6.9% year-over-year, posting an EPS of $1.10, exceeding the consensus estimate by $0.09.
• The company is set to pay a quarterly dividend of $0.425 on December 4th, with a corresponding dividend yield of 1.2%.

Franklin Street Advisors Inc. NC trimmed its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 202,099 shares of the apparel and home fashions retailer's stock after selling 3,918 shares during the period. TJX Companies makes up 1.5% of Franklin Street Advisors Inc. NC's investment portfolio, making the stock its 22nd largest holding. Franklin Street Advisors Inc. NC's holdings in TJX Companies were worth $24,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the stock. Clear Creek Financial Management LLC grew its position in shares of TJX Companies by 1.8% in the 1st quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock valued at $586,000 after buying an additional 83 shares during the last quarter. Knuff & Co LLC grew its position in shares of TJX Companies by 8.5% in the 1st quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer's stock valued at $129,000 after buying an additional 83 shares during the last quarter. McLean Asset Management Corp grew its position in TJX Companies by 3.2% during the 2nd quarter. McLean Asset Management Corp now owns 2,746 shares of the apparel and home fashions retailer's stock worth $344,000 after purchasing an additional 84 shares during the last quarter. Salem Investment Counselors Inc. grew its position in TJX Companies by 2.2% during the 1st quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock worth $485,000 after purchasing an additional 86 shares during the last quarter. Finally, NBC Securities Inc. grew its position in TJX Companies by 0.6% during the 2nd quarter. NBC Securities Inc. now owns 14,274 shares of the apparel and home fashions retailer's stock worth $1,762,000 after purchasing an additional 86 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Down 0.8%

TJX stock opened at $141.30 on Friday. The TJX Companies, Inc. has a one year low of $111.22 and a one year high of $145.58. The stock has a market capitalization of $157.26 billion, a PE ratio of 32.19, a price-to-earnings-growth ratio of 3.21 and a beta of 0.92. 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 company has a fifty day moving average of $136.51 and a 200-day moving average of $129.30.

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 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 analysts' expectations of $14.12 billion. During the same quarter last year, the business earned $0.96 EPS. The business'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. As a group, analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business 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. 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 (DPR) is 38.72%.

Analysts Set New Price Targets

Several research analysts have issued reports on TJX shares. JPMorgan Chase & Co. raised their price objective 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. Erste Group Bank started coverage on shares of TJX Companies in a research report on Friday, September 5th. They set a "buy" rating on the stock. Telsey Advisory Group reissued an "outperform" rating and set a $155.00 price objective (up from $150.00) on shares of TJX Companies in a research report on Wednesday, August 20th. Weiss Ratings reissued a "buy (b+)" rating on shares of TJX Companies in a research report on Saturday, September 27th. Finally, Barclays raised their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, TJX Companies presently has an average rating of "Buy" and a consensus target price of $147.58.

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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