Harbour Trust & Investment Management Co Boosts Stock Holdings in The TJX Companies, Inc. $TJX

Key Points

• Harbour Trust & Investment Management Co increased its stake in The TJX Companies, Inc. by 4.9% during the second quarter, now owning 86,709 shares valued at approximately $10.7 million.
• Analysts have upgraded TJX Companies' stock rating, with Evercore ISI raising its target price from $150.00 to $162.00 and several others providing "buy" ratings, indicating strong investor confidence.
• The company recently announced a quarterly dividend of $0.425 per share, with an ex-dividend date set for November 13th, reflecting a steady dividend payout policy.

Harbour Trust & Investment Management Co raised its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 86,709 shares of the apparel and home fashions retailer's stock after purchasing an additional 4,073 shares during the period. TJX Companies accounts for about 1.2% of Harbour Trust & Investment Management Co's portfolio, making the stock its 25th largest position. Harbour Trust & Investment Management Co's holdings in TJX Companies were worth $10,708,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in TJX. TCTC Holdings LLC boosted its holdings in shares of 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 buying an additional 145 shares in the last quarter. Atlantic Edge Private Wealth Management LLC boosted its holdings in shares of 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 buying an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC boosted its holdings in shares of 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 buying an additional 149 shares in the last quarter. Inlight Wealth Management LLC bought a new stake in shares of TJX Companies in the 1st quarter valued at about $37,000. Finally, Activest Wealth Management boosted its holdings in shares of 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 buying an additional 314 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TJX shares. Evercore ISI lifted their target price on shares of TJX Companies from $150.00 to $162.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, August 23rd. Daiwa America upgraded shares of TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. Weiss Ratings reiterated a "buy (b+)" rating on shares of TJX Companies in a research note on Wednesday, October 8th. Finally, Erste Group Bank started coverage on shares of TJX Companies in a research note on Friday, September 5th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $147.63.

TJX Companies Price Performance

Shares of NYSE TJX opened at $141.38 on Tuesday. The firm has a market cap of $157.35 billion, a PE ratio of 32.20, a PEG ratio of 3.12 and a beta of 0.92. The firm has a fifty day moving average of $138.31 and a 200 day moving average of $130.40. 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 TJX Companies, Inc. has a one year low of $111.73 and a one year high of $145.58.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly 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. 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 firm's revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. As a group, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be issued 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 dividend yield of 1.2%. TJX Companies's dividend payout ratio is presently 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.

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