Howard Capital Management Group LLC Purchases 5,465 Shares of The TJX Companies, Inc. $TJX

Key Points

• Howard Capital Management Group LLC increased its stake in The TJX Companies by 2.3%, acquiring an additional 5,465 shares, bringing its total holdings to 247,472 shares valued at approximately $30.56 million.
• The TJX Companies reported a quarterly earnings per share (EPS) of $1.10, surpassing the consensus estimate of $1.01, with revenue reaching $14.40 billion, higher than expectations of $14.12 billion.
• Recently, the company declared a $0.425 quarterly dividend to be paid on December 4th, representing a 1.2% yield based on its annualized dividend payout.

Howard Capital Management Group LLC lifted its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 247,472 shares of the apparel and home fashions retailer's stock after purchasing an additional 5,465 shares during the period. TJX Companies accounts for about 2.1% of Howard Capital Management Group LLC's portfolio, making the stock its 18th largest position. Howard Capital Management Group LLC's holdings in TJX Companies were worth $30,560,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Patton Fund Management Inc. bought a new position in TJX Companies in the 2nd quarter worth approximately $215,000. Kathmere Capital Management LLC boosted its stake in shares of TJX Companies by 6.0% in the 2nd quarter. Kathmere Capital Management LLC now owns 4,840 shares of the apparel and home fashions retailer's stock valued at $598,000 after purchasing an additional 274 shares during the last quarter. ST Germain D J Co. Inc. grew its position in shares of TJX Companies by 4.9% during the 2nd quarter. ST Germain D J Co. Inc. now owns 99,957 shares of the apparel and home fashions retailer's stock worth $12,344,000 after buying an additional 4,707 shares during the period. Beaumont Financial Advisors LLC lifted its stake in shares of TJX Companies by 1.9% in the 2nd quarter. Beaumont Financial Advisors LLC now owns 39,252 shares of the apparel and home fashions retailer's stock valued at $4,847,000 after purchasing an additional 738 shares during the period. Finally, Colton Groome Financial Advisors LLC increased its stake in TJX Companies by 30.2% in the second quarter. Colton Groome Financial Advisors LLC now owns 5,125 shares of the apparel and home fashions retailer's stock valued at $633,000 after purchasing an additional 1,188 shares in the last quarter. 91.09% of the stock is owned by institutional investors.

TJX Companies Price Performance

Shares of NYSE TJX opened at $143.09 on Friday. 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 firm's 50-day simple moving average is $134.77 and its 200 day simple moving average is $128.30. The stock has a market cap of $159.25 billion, a price-to-earnings ratio of 32.60, a PEG ratio of 3.18 and a beta of 0.90. The TJX Companies, Inc. has a fifty-two week low of $111.22 and a fifty-two week high of $145.58.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.09. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The business had revenue of $14.40 billion for the quarter, compared to analysts' expectations of $14.12 billion. During the same period in the previous year, the company earned $0.96 earnings per share. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. 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 anticipate that The TJX Companies, Inc. will post 4.18 earnings per share 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 paid a $0.425 dividend. The ex-dividend date is Thursday, November 13th. This represents a $1.70 annualized dividend and a yield of 1.2%. TJX Companies's dividend payout ratio is presently 38.72%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TJX. Evercore ISI lifted their price objective on shares of TJX Companies from $150.00 to $162.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Citigroup upped their price target 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. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd. Telsey Advisory Group restated an "outperform" rating and set a $155.00 price target (up previously from $150.00) on shares of TJX Companies in a report on Wednesday, August 20th. Finally, Bank of America upped 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, TJX Companies presently has an average rating of "Buy" and an average target price of $147.58.

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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