Legacy Trust Trims Position in The TJX Companies, Inc. $TJX

Key Points

• Legacy Trust has reduced its stake in The TJX Companies, Inc. by 15.3%, now holding 14,143 shares worth approximately $1.75 million.
• In the most recent earnings report, TJX reported $1.10 earnings per share, exceeding analysts' expectations, with revenue growth of 6.9% year-over-year.
• Dividends are set at $0.425 per share, with a yield of 1.2%, payable to shareholders on December 4th.

Legacy Trust trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 15.3% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 14,143 shares of the apparel and home fashions retailer's stock after selling 2,556 shares during the period. Legacy Trust's holdings in TJX Companies were worth $1,747,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in TJX. TCTC Holdings LLC raised its holdings in shares of TJX Companies by 210.1% in the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after buying an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of TJX Companies by 58.8% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after buying an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC raised its holdings in shares of TJX Companies by 99.3% in the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after buying an additional 149 shares during the last quarter. Inlight Wealth Management LLC purchased a new stake in shares of TJX Companies in the first quarter valued at about $37,000. Finally, Activest Wealth Management raised its holdings in shares of TJX Companies by 4,485.7% in the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock valued at $39,000 after buying an additional 314 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Trading Down 0.8%

Shares of TJX opened at $141.30 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The firm's 50-day moving average is $136.51 and its two-hundred day moving average is $129.38. The TJX Companies, Inc. has a twelve month low of $111.22 and a twelve month high of $145.58. The firm has a market capitalization of $157.26 billion, a P/E ratio of 32.19, a PEG ratio of 3.18 and a beta of 0.92.

TJX Companies (NYSE:TJX - Get Free Report) last issued its 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 company had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period in the prior year, the business posted $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. On average, research analysts predict 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 announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies's dividend payout ratio is presently 38.72%.

Analysts Set New Price Targets

TJX has been the subject of a number of research reports. Barclays upped their target price on shares of TJX Companies from $147.00 to $155.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Erste Group Bank assumed coverage on shares of TJX Companies in a research note on Friday, September 5th. They set a "buy" rating on the stock. JPMorgan Chase & Co. boosted their price target on shares of TJX Companies from $145.00 to $148.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Telsey Advisory Group reiterated an "outperform" rating and set a $155.00 price target (up from $150.00) on shares of TJX Companies in a research note on Wednesday, August 20th. Finally, Macquarie reiterated a "buy" rating on shares of TJX Companies in a research note on Monday, August 11th. 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 company's stock. According to data from MarketBeat.com, TJX Companies has an average rating of "Buy" and an average price target 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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