Marshfield Associates Decreases Stake in The TJX Companies, Inc. $TJX

Key Points

• Marshfield Associates has reduced its equity stake in The TJX Companies, Inc. by 51%, now holding approximately 1.1 million shares, representing 2.9% of its investment portfolio.
• During the first quarter, several institutional investors significantly increased their stakes in TJX Companies, with TCTC Holdings LLC's stake growing by 210.1%.
• The company announced a quarterly dividend of $0.425 per share, resulting in an annualized yield of 1.2%, with the next payout scheduled for September 4th.

Marshfield Associates trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 51.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,107,796 shares of the apparel and home fashions retailer's stock after selling 1,152,362 shares during the period. TJX Companies comprises about 2.9% of Marshfield Associates' portfolio, making the stock its 16th biggest position. Marshfield Associates owned 0.10% of TJX Companies worth $134,930,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in TJX. TCTC Holdings LLC lifted its position in shares of TJX Companies by 210.1% during the 1st 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 last quarter. Atlantic Edge Private Wealth Management LLC lifted its position in shares of TJX Companies by 58.8% during the 1st 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 last quarter. Iron Horse Wealth Management LLC lifted its position in shares of TJX Companies by 99.3% during the 1st 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 last quarter. Inlight Wealth Management LLC purchased a new stake in shares of TJX Companies during the 1st quarter worth approximately $37,000. Finally, Activest Wealth Management lifted its position in shares of TJX Companies by 4,485.7% during the 1st 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 last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TJX. Bank of America boosted their price objective on shares of TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Daiwa Capital Markets initiated coverage on shares of TJX Companies in a research report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 target price on the stock. Wells Fargo & Company raised their target price on shares of TJX Companies from $120.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Thursday, August 21st. BMO Capital Markets restated an "outperform" rating on shares of TJX Companies in a research report on Wednesday, May 21st. Finally, TD Securities raised their target price on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research report on Tuesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of $147.58.

TJX Companies Stock Performance

NYSE:TJX traded up $1.52 during midday trading on Thursday, reaching $140.99. The stock had a trading volume of 4,171,889 shares, compared to its average volume of 5,346,264. The firm has a fifty day simple moving average of $129.19 and a two-hundred day simple moving average of $126.15. The TJX Companies, Inc. has a 12-month low of $111.22 and a 12-month high of $145.58. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The stock has a market cap of $157.50 billion, a P/E ratio of 32.12, a P/E/G ratio of 3.07 and a beta of 0.90.

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

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, August 14th. TJX Companies's payout ratio is presently 38.72%.

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.