Meyer Handelman Co. Sells 6,245 Shares of The TJX Companies, Inc. $TJX

Key Points

• Meyer Handelman Co. reduced its holdings in The TJX Companies by 3.5%, selling 6,245 shares during the second quarter, retaining 171,825 shares valued at approximately $21.2 million.
• The TJX Companies reported a EPS of $1.10 for the quarter, exceeding expectations, with revenue rising 6.9% year-over-year to $14.4 billion.
• The company declared a quarterly dividend of $0.425 per share, with a dividend yield of 1.2% and a payout ratio of 38.72%.

Meyer Handelman Co. lessened its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,825 shares of the apparel and home fashions retailer's stock after selling 6,245 shares during the quarter. Meyer Handelman Co.'s holdings in TJX Companies were worth $21,219,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. TCTC Holdings LLC raised its position 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 purchasing an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC increased its position in TJX Companies by 58.8% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after acquiring an additional 110 shares during the period. Iron Horse Wealth Management LLC increased its position in TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after acquiring an additional 149 shares during the period. Inlight Wealth Management LLC bought a new position in TJX Companies during the first quarter worth about $37,000. Finally, Activest Wealth Management increased its position in TJX Companies by 4,485.7% during the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock worth $39,000 after acquiring an additional 314 shares during the period. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Up 0.7%

NYSE:TJX opened at $141.46 on Friday. The firm's 50 day simple moving average is $134.36 and its 200 day simple moving average is $128.11. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52. The TJX Companies, Inc. has a one year low of $111.22 and a one year high of $145.58. The company has a market cap of $157.43 billion, a PE ratio of 32.22, a P/E/G ratio of 3.16 and a beta of 0.90.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS 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 business had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period last year, the company earned $0.96 EPS. 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. On average, research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on TJX. Daiwa America raised shares of TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. Barclays raised their price target on shares of TJX Companies from $147.00 to $155.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Bank of America increased their price objective on shares of TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Daiwa Capital Markets began coverage on shares of TJX Companies in a research note on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price objective on the stock. Finally, Morgan Stanley increased their price objective on shares of TJX Companies from $140.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company currently 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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