Hendley & Co. Inc. Raises Stake in The TJX Companies, Inc. $TJX

Key Points

• Hendley & Co. Inc. significantly raised its stake in The TJX Companies, Inc. by 75% in the 2nd quarter, acquiring a total of 8,305 shares worth approximately $1.03 million.
• Analysts have been bullish on TJX, with multiple firms raising their price targets, including Sanford C. Bernstein who increased their target from $145 to $152, resulting in a consensus price target of $147.63.
• TJX Companies reported a 6.9% increase in revenue year-over-year for the most recent quarter, surpassing expectations with earnings per share of $1.10 compared to an anticipated $1.01.

Hendley & Co. Inc. increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 75.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,305 shares of the apparel and home fashions retailer's stock after purchasing an additional 3,560 shares during the period. Hendley & Co. Inc.'s holdings in TJX Companies were worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clear Creek Financial Management LLC grew its position in TJX Companies by 1.8% during 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 buying an additional 83 shares during the period. Knuff & Co LLC raised its stake in TJX Companies by 8.5% during the first quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer's stock worth $129,000 after purchasing an additional 83 shares during the period. McLean Asset Management Corp raised its stake in shares of TJX Companies by 3.2% in the 2nd quarter. McLean Asset Management Corp now owns 2,746 shares of the apparel and home fashions retailer's stock valued at $344,000 after acquiring an additional 84 shares during the period. 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. boosted its holdings in shares of TJX Companies by 0.6% in the 2nd quarter. NBC Securities Inc. now owns 14,274 shares of the apparel and home fashions retailer's stock valued at $1,762,000 after buying an additional 86 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on TJX. Sanford C. Bernstein upped their price target 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. Macquarie reiterated a "buy" rating on shares of TJX Companies in a report on Monday, August 11th. Daiwa Capital Markets assumed coverage on shares of TJX Companies in a report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price target on the stock. Bank of America lifted their price objective on shares of TJX Companies from $145.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $155.00 price target (up previously from $150.00) on shares of TJX Companies in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, TJX Companies has a consensus rating of "Buy" and a consensus price target of $147.63.

TJX Companies Price Performance

Shares of NYSE TJX opened at $142.70 on Wednesday. The TJX Companies, Inc. has a fifty-two week low of $111.73 and a fifty-two week high of $145.58. The firm's 50-day simple moving average is $137.20 and its 200 day simple moving average is $129.75. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The stock has a market cap of $158.81 billion, a P/E ratio of 32.51, a P/E/G ratio of 3.22 and a beta of 0.92.

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 firm had revenue of $14.40 billion for the quarter, compared to analysts' expectations of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. TJX Companies's revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business 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. Equities analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently announced 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. This represents a $1.70 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies's payout ratio is 38.72%.

About TJX Companies

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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