The TJX Companies, Inc. $TJX Shares Sold by Gateway Investment Advisers LLC

Key Points

• Gateway Investment Advisers LLC has reduced its stake in The TJX Companies by 40.3%, selling 7,355 shares and bringing their total holdings down to 10,905 shares, valued at approximately $1.35 million.
• The TJX Companies reported an earnings per share (EPS) of $1.10 for the recent quarter, surpassing expectations and showing a 6.9% year-over-year revenue increase to $14.40 billion.
• A quarterly dividend of $0.425 has been announced, with the ex-dividend date set for November 13th, indicating a 1.2% dividend yield.

Gateway Investment Advisers LLC lessened its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 40.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,905 shares of the apparel and home fashions retailer's stock after selling 7,355 shares during the quarter. Gateway Investment Advisers LLC's holdings in TJX Companies were worth $1,347,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. TCTC Holdings LLC raised its holdings in shares of TJX Companies by 210.1% in the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock worth $26,000 after buying an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC grew 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 acquiring an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC lifted its position in shares of TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after purchasing an additional 149 shares during the last quarter. Inlight Wealth Management LLC bought a new position in shares of TJX Companies in the first quarter worth about $37,000. Finally, Activest Wealth Management grew its holdings in shares of TJX Companies by 4,485.7% in the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock worth $39,000 after purchasing an additional 314 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Down 0.2%

Shares of TJX traded down $0.34 during trading hours on Monday, hitting $139.44. The company had a trading volume of 3,683,147 shares, compared to its average volume of 4,656,251. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $155.19 billion, a PE ratio of 31.76, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90. The TJX Companies, Inc. has a one year low of $111.22 and a one year high of $145.58. The company's fifty day moving average price is $133.23 and its two-hundred day moving average price is $127.78.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. The company had revenue of $14.40 billion for 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 revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 earnings per share. 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 analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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

Analyst Upgrades and Downgrades

TJX has been the subject of a number of research analyst reports. Macquarie reiterated a "buy" rating on shares of TJX Companies in a report on Monday, August 11th. Daiwa America raised shares of TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. Wells Fargo & Company boosted their price target on TJX Companies from $120.00 to $130.00 and gave the company an "equal weight" rating in a report on Thursday, August 21st. Sanford C. Bernstein increased their price objective on TJX Companies from $145.00 to $152.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Finally, UBS Group lifted their target price on TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $147.58.

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.