Knights of Columbus Asset Advisors LLC Lowers Position in The TJX Companies, Inc. $TJX

Key Points

• Knights of Columbus Asset Advisors LLC reduced its stake in The TJX Companies by 57.7%, selling over 75,000 shares and now holding 55,212 shares valued at approximately $6.8 million.
• The TJX Companies recently reported quarterly earnings of $1.10 per share, exceeding analyst estimates, along with a revenue increase of 6.9% year-over-year.
• The company announced a quarterly dividend of $0.425, reflecting an annualized dividend yield of 1.2%, with the next payment due on December 4th.

Knights of Columbus Asset Advisors LLC trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 57.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,212 shares of the apparel and home fashions retailer's stock after selling 75,220 shares during the quarter. Knights of Columbus Asset Advisors LLC's holdings in TJX Companies were worth $6,818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TJX. Clear Creek Financial Management LLC increased its position in shares of TJX Companies by 1.8% during the 1st 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 purchasing an additional 83 shares during the last quarter. Knuff & Co LLC increased its holdings 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 buying an additional 83 shares during the last quarter. McLean Asset Management Corp increased its holdings in TJX Companies by 3.2% during the second quarter. McLean Asset Management Corp now owns 2,746 shares of the apparel and home fashions retailer's stock worth $344,000 after buying an additional 84 shares during the last quarter. Salem Investment Counselors Inc. raised its position in TJX Companies by 2.2% in the first 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 during the period. Finally, NBC Securities Inc. boosted its stake in TJX Companies by 0.6% in the second quarter. NBC Securities Inc. now owns 14,274 shares of the apparel and home fashions retailer's stock valued at $1,762,000 after acquiring an additional 86 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Down 0.8%

Shares of NYSE:TJX opened at $141.30 on Monday. The company has a market cap of $157.26 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 3.18 and a beta of 0.92. The TJX Companies, Inc. has a one year low of $111.22 and a one year high of $145.58. The firm has a fifty day moving average price of $136.51 and a two-hundred day moving average price of $129.47. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.09. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The company had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter last year, the business posted $0.96 earnings per share. The firm's revenue 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. Analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

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 $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies's dividend payout ratio is 38.72%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Daiwa Capital Markets initiated 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. Morgan Stanley increased their price target on TJX Companies from $140.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Telsey Advisory Group restated an "outperform" rating and issued a $155.00 price objective (up from $150.00) on shares of TJX Companies in a research note on Wednesday, August 20th. Daiwa America upgraded shares of TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, Robert W. Baird lifted their target price on shares of TJX Companies from $143.00 to $152.00 and gave the stock an "outperform" rating in a research note 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 assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus 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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