Harrell Investment Partners LLC Trims Stock Holdings in The TJX Companies, Inc. $TJX

Key Points

• Harrell Investment Partners LLC has reduced its holdings in The TJX Companies, Inc. by 50.5%, now owning 12,322 shares valued at approximately $1.52 million.
• Analysts have raised their price targets for TJX Companies, with UBS Group increasing its target from $164.00 to $172.00, and the average price target now stands at $147.58.
• The company has announced a quarterly dividend of $0.425 per share, set to be paid on December 4th, representing an annualized dividend yield of 1.2%.

Harrell Investment Partners LLC decreased its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 50.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,322 shares of the apparel and home fashions retailer's stock after selling 12,550 shares during the period. Harrell Investment Partners LLC's holdings in TJX Companies were worth $1,522,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. TCTC Holdings LLC increased its stake 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 purchasing an additional 145 shares in the last quarter. Atlantic Edge Private Wealth Management LLC boosted its position in shares of TJX Companies by 58.8% in the first 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 period. Iron Horse Wealth Management LLC boosted its position in shares of TJX Companies by 99.3% in the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after acquiring an additional 149 shares during the period. Inlight Wealth Management LLC bought a new position in shares of TJX Companies in the first quarter valued at approximately $37,000. Finally, Activest Wealth Management boosted its position 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 valued at $39,000 after acquiring an additional 314 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Sanford C. Bernstein raised their price objective on shares of TJX Companies from $145.00 to $152.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. raised their price objective on shares of TJX Companies from $145.00 to $148.00 and gave the company an "overweight" rating in a research 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 company a "buy" rating in a research report on Thursday, August 21st. Telsey Advisory Group reiterated an "outperform" rating and set a $155.00 target price (up from $150.00) on shares of TJX Companies in a research report on Wednesday, August 20th. Finally, Erste Group Bank assumed coverage on shares of TJX Companies in a research report on Friday, September 5th. They set a "buy" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $147.58.

TJX Companies Trading Up 0.5%

Shares of TJX Companies stock opened at $140.39 on Thursday. The firm has a market cap of $156.25 billion, a PE ratio of 31.98, a PEG ratio of 3.14 and a beta of 0.90. 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 TJX Companies, Inc. has a 1 year low of $111.22 and a 1 year high of $145.58. The company has a 50 day simple moving average of $133.97 and a two-hundred day simple moving average of $127.95.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.09. The firm 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 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. Analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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

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.

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