IMS Capital Management Acquires New Shares in The TJX Companies, Inc. $TJX

Key Points

• IMS Capital Management has acquired a new position in The TJX Companies, Inc., purchasing 12,336 shares valued at approximately $1,523,000 during the 2nd quarter.
• In a recent earnings report, TJX reported $1.10 earnings per share, exceeding analysts' expectations, and a revenue of $14.40 billion, marking a 6.9% increase compared to the previous year.
• The company announced a quarterly dividend of $0.425 per share, with an ex-dividend date set for November 13th, which represents a 1.2% yield.

IMS Capital Management acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 12,336 shares of the apparel and home fashions retailer's stock, valued at approximately $1,523,000.

A number of other large investors also recently modified their holdings of the business. Brighton Jones LLC grew its stake in TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after purchasing an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of TJX Companies by 12.1% in 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 buying an additional 235 shares during the last quarter. Bison Wealth LLC raised its stake in TJX Companies by 32.9% in the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer's stock worth $466,000 after purchasing an additional 955 shares in the last quarter. Jefferies Financial Group Inc. boosted its holdings in TJX Companies by 289.6% in the 4th quarter. Jefferies Financial Group Inc. now owns 23,105 shares of the apparel and home fashions retailer's stock valued at $2,791,000 after purchasing an additional 17,175 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of TJX Companies during the 4th quarter worth approximately $136,753,000. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Price Performance

TJX Companies stock opened at $139.70 on Wednesday. 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 TJX Companies, Inc. has a 52 week low of $111.22 and a 52 week high of $145.58. The stock has a market capitalization of $155.48 billion, a P/E ratio of 31.82, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90. The stock has a fifty day moving average of $133.59 and a 200-day moving average of $127.86.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.09. The business had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.TJX Companies's revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $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. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on TJX shares. UBS Group boosted their price target on TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Wells Fargo & Company upped their target price on TJX Companies from $120.00 to $130.00 and gave the company an "equal weight" rating in a research report on Thursday, August 21st. Sanford C. Bernstein increased their target price on TJX Companies from $145.00 to $152.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Daiwa America upgraded TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, Evercore ISI upped their price objective on shares of TJX Companies from $150.00 to $162.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. One 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. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $147.58.

TJX Companies Company 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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