Goelzer Investment Management Inc. Has $5.88 Million Position in The TJX Companies, Inc. $TJX

Key Points

• Goelzer Investment Management Inc. reduced its stake in The TJX Companies, Inc. by 5.0%, owning 47,603 shares worth approximately $5.88 million after selling 2,527 shares in the second quarter.
• Several institutional investors, including Berkshire Bank and Clarus Wealth Advisors, have increased their holdings in TJX Companies, reflecting a strong interest from the investment community.
• Analysts are optimistic about TJX Companies, with a majority rating it as a "Buy" and setting the average target price at $147.58 following positive quarterly earnings results.

Goelzer Investment Management Inc. reduced its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 47,603 shares of the apparel and home fashions retailer's stock after selling 2,527 shares during the period. Goelzer Investment Management Inc.'s holdings in TJX Companies were worth $5,878,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Clear Creek Financial Management LLC boosted its stake in shares of TJX Companies by 1.8% in the first 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 purchasing an additional 83 shares during the period. Knuff & Co LLC grew its holdings in TJX Companies by 8.5% during the 1st quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer's stock worth $129,000 after acquiring an additional 83 shares in the last quarter. McLean Asset Management Corp grew its holdings 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 acquiring an additional 84 shares in the last quarter. Salem Investment Counselors Inc. grew its holdings 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 acquiring an additional 86 shares in the last quarter. Finally, NBC Securities Inc. grew its holdings 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 acquiring an additional 86 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. Citigroup raised their price objective on shares of TJX Companies from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. UBS Group raised their price objective on shares of TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Telsey Advisory Group reissued an "outperform" rating and set a $155.00 target price (up from $150.00) on shares of TJX Companies in a report on Wednesday, August 20th. Finally, Bank of America increased their target price on shares of TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $147.58.

TJX Companies Price Performance

Shares of NYSE:TJX traded down $0.32 during trading hours on Friday, hitting $139.61. 7,503,417 shares of the company's stock traded hands, compared to its average volume of 4,569,886. The TJX Companies, Inc. has a 52 week low of $111.22 and a 52 week high of $145.58. 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's fifty day simple moving average is $132.91 and its two-hundred day simple moving average is $127.58. The company has a market cap of $155.38 billion, a price-to-earnings ratio of 31.80, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90.

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

TJX Companies Announces Dividend

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 issued a $0.425 dividend. The ex-dividend date 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 currently 38.72%.

TJX Companies Company 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.