McKinley Carter Wealth Services Inc. Purchases 1,968 Shares of The TJX Companies, Inc. $TJX

Key Points

• McKinley Carter Wealth Services Inc. increased its position in The TJX Companies, acquiring an additional 1,968 shares, bringing its total holdings to 85,826 shares worth approximately $10.6 million.
• TJX Companies reported a 6.9% year-over-year increase in revenue at $14.40 billion for the quarter, and achieved an earnings per share (EPS) of $1.10, exceeding analysts' expectations.
• The company announced a quarterly dividend of $0.425 to be paid on December 4th, representing an annualized yield of 1.2% with a payout ratio of 38.72%.

McKinley Carter Wealth Services Inc. increased its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 85,826 shares of the apparel and home fashions retailer's stock after purchasing an additional 1,968 shares during the period. McKinley Carter Wealth Services Inc.'s holdings in TJX Companies were worth $10,599,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Clear Creek Financial Management LLC grew its holdings in shares of TJX Companies by 1.8% during the first quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock worth $586,000 after purchasing an additional 83 shares in the last quarter. Knuff & Co LLC boosted its stake in TJX Companies by 8.5% in 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 in the last quarter. McLean Asset Management Corp boosted its stake in TJX Companies by 3.2% in 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 in the last quarter. Salem Investment Counselors Inc. boosted its stake 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 buying an additional 86 shares in the last quarter. 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 worth $1,762,000 after buying an additional 86 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $138.57 on Friday. 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 company has a market cap of $154.22 billion, a PE ratio of 31.56, a P/E/G ratio of 3.12 and a beta of 0.92. The business has a 50 day moving average of $137.78 and a 200 day moving average of $129.96. The TJX Companies, Inc. has a 52 week low of $111.73 and a 52 week high of $145.58.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. The company had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The firm's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $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. 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 Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Bank of America upped their target price on TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, August 23rd. Erste Group Bank assumed coverage on TJX Companies in a research note on Friday, September 5th. They issued a "buy" rating for the company. 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 research note on Monday. Finally, Morgan Stanley increased their price objective on TJX Companies from $140.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $147.63.

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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