IFP Advisors Inc Increases Holdings in The TJX Companies, Inc. $TJX

IFP Advisors Inc lifted its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 33.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,732 shares of the apparel and home fashions retailer's stock after purchasing an additional 11,659 shares during the period. IFP Advisors Inc's holdings in TJX Companies were worth $5,785,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. TCTC Holdings LLC lifted its holdings in TJX Companies by 210.1% during the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock worth $26,000 after buying an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC lifted its holdings in TJX Companies by 58.8% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after buying an additional 110 shares during the period. Iron Horse Wealth Management LLC lifted its holdings in TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after buying an additional 149 shares during the period. Inlight Wealth Management LLC purchased a new stake in TJX Companies during the first quarter worth $37,000. Finally, Activest Wealth Management lifted its holdings in TJX Companies by 4,485.7% during the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock worth $39,000 after buying an additional 314 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Price Performance

NYSE TJX opened at $138.57 on Friday. 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 stock's fifty day moving average price is $137.78 and its 200 day moving average price is $129.96. The TJX Companies, Inc. has a 1 year low of $111.73 and a 1 year high of $145.58. The company has a market cap of $154.22 billion, a price-to-earnings ratio of 31.56, a PEG ratio of 3.12 and a beta of 0.92.

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 (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.09. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The firm had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the prior year, the firm earned $0.96 EPS. The firm's revenue was up 6.9% on a year-over-year basis. 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, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies's dividend payout ratio is presently 38.72%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on TJX shares. JPMorgan Chase & Co. upped their target price on TJX Companies from $148.00 to $149.00 and gave the stock an "overweight" rating in a report on Monday. Barclays upped their target price on TJX Companies from $147.00 to $155.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. UBS Group increased their price objective on TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Telsey Advisory Group reiterated an "outperform" rating and set a $155.00 price objective (up previously from $150.00) on shares of TJX Companies in a report on Wednesday, August 20th. Finally, Sanford C. Bernstein increased their price objective on TJX Companies from $145.00 to $152.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $147.63.

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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