HB Wealth Management LLC Has $7.29 Million Stock Position in The TJX Companies, Inc. $TJX

Key Points

• HB Wealth Management LLC has increased its holdings in The TJX Companies, Inc. to 58,990 shares, valued at approximately $7.29 million, indicating a 3.2% growth in the second quarter.
• Several institutional investors have recently purchased shares, with hedge funds collectively owning 91.09% of the company's stock.
• Analysts have raised target prices for TJX Companies, with Barclays setting it at $155 and Citigroup at $160, reflecting positive sentiment in the market.

HB Wealth Management LLC increased its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,990 shares of the apparel and home fashions retailer's stock after acquiring an additional 1,833 shares during the period. HB Wealth Management LLC's holdings in TJX Companies were worth $7,285,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Brighton Jones LLC increased its stake in TJX Companies by 113.7% in the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after buying an additional 8,002 shares during the period. Revolve Wealth Partners LLC grew its holdings in shares of TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after acquiring an additional 235 shares in the last quarter. Bison Wealth LLC increased its stake in shares of TJX Companies by 32.9% in the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer's stock worth $466,000 after acquiring an additional 955 shares during the last quarter. Fiduciary Alliance LLC raised its holdings in shares of TJX Companies by 17.6% during the first quarter. Fiduciary Alliance LLC now owns 11,814 shares of the apparel and home fashions retailer's stock worth $1,439,000 after acquiring an additional 1,766 shares in the last quarter. Finally, NBC Securities Inc. boosted its position in TJX Companies by 101,242.9% during the first quarter. NBC Securities Inc. now owns 14,188 shares of the apparel and home fashions retailer's stock valued at $1,728,000 after purchasing an additional 14,174 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on TJX. Barclays upped their target price on TJX Companies from $147.00 to $155.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Citigroup raised their price objective on shares of TJX Companies from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Evercore ISI lifted their target price on shares of TJX Companies from $150.00 to $162.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Wells Fargo & Company increased their price target on shares of TJX Companies from $120.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 21st. Finally, Macquarie reaffirmed a "buy" rating on shares of TJX Companies in a research note on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $147.58.

TJX Companies Stock Performance

NYSE:TJX opened at $144.54 on Wednesday. The firm has a market capitalization of $160.86 billion, a PE ratio of 32.92, a PEG ratio of 3.23 and a beta of 0.90. The TJX Companies, Inc. has a 1 year low of $111.22 and a 1 year high of $145.58. 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 firm's fifty day simple moving average is $135.52 and its 200 day simple moving average is $128.82.

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 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 revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business 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. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies's payout ratio is currently 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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