MinichMacGregor Wealth Management LLC Purchases New Shares in The TJX Companies, Inc. $TJX

Key Points

• MinichMacGregor Wealth Management LLC has acquired 40,852 shares of The TJX Companies, valued at approximately $5,045,000, indicating strong interest in the retailer's stock.
• Analysts have raised their target prices for TJX Companies, with a consensus target price of $147.58 and a majority rating it as a "Buy".
• The company announced a quarterly dividend of $0.425 per share, equating to an annualized dividend yield of 1.2%, demonstrating a commitment to returning value to shareholders.

MinichMacGregor Wealth Management LLC acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 40,852 shares of the apparel and home fashions retailer's stock, valued at approximately $5,045,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. TCTC Holdings LLC raised its position in TJX Companies by 210.1% in the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock worth $26,000 after purchasing an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC grew its stake in shares of 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 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 worth $36,000 after buying an additional 149 shares during the period. Inlight Wealth Management LLC bought a new stake in shares of TJX Companies during the 1st quarter worth approximately $37,000. Finally, Activest Wealth Management boosted its holdings in 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 valued at $39,000 after acquiring an additional 314 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analyst Ratings Changes

TJX has been the subject of several research analyst reports. Sanford C. Bernstein lifted their target price on TJX Companies from $145.00 to $152.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Daiwa Capital Markets started coverage on TJX Companies in a report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price objective on the stock. Morgan Stanley upped their target price on TJX Companies from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. UBS Group raised their price target on TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Finally, Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, August 23rd. One 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 MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $147.58.

TJX Companies Stock Performance

Shares of TJX stock opened at $143.09 on Friday. The firm has a market capitalization of $159.25 billion, a price-to-earnings ratio of 32.60, a price-to-earnings-growth ratio of 3.18 and a beta of 0.90. The TJX Companies, Inc. has a 1 year low of $111.22 and a 1 year high of $145.58. The business has a fifty day moving average of $134.77 and a 200 day moving average of $128.30. 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 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 return on equity of 58.63% and a net margin of 8.59%.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 company earned $0.96 earnings per share. TJX Companies'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. As a group, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

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

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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