Mutual of America Capital Management LLC Cuts Holdings in The TJX Companies, Inc. $TJX

Key Points

• Mutual of America Capital Management LLC reduced its holdings in TJX Companies by 4.9%, selling 7,048 shares and bringing its total to 135,547 shares worth approximately $16.74 million.
• Analysts are optimistic about TJX Companies, with Evercore ISI raising the target price from $150.00 to $162.00, while UBS Group increased it from $164.00 to $172.00.
• TJX Companies recently announced a quarterly dividend of $0.425 per share, set to be paid on December 4th, representing an annualized dividend yield of 1.2%.

Mutual of America Capital Management LLC lowered its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 135,547 shares of the apparel and home fashions retailer's stock after selling 7,048 shares during the quarter. Mutual of America Capital Management LLC's holdings in TJX Companies were worth $16,739,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TJX. Brighton Jones LLC grew its holdings in shares of TJX Companies by 113.7% during the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock worth $1,817,000 after purchasing an additional 8,002 shares during the period. Revolve Wealth Partners LLC lifted its position in TJX Companies by 12.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after buying an additional 235 shares in the last quarter. Bison Wealth LLC lifted its position in TJX Companies by 32.9% during the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer's stock valued at $466,000 after buying an additional 955 shares in the last quarter. GAMMA Investing LLC grew its stake in TJX Companies by 19.8% during the first quarter. GAMMA Investing LLC now owns 23,909 shares of the apparel and home fashions retailer's stock worth $2,912,000 after buying an additional 3,944 shares during the period. Finally, CWA Asset Management Group LLC increased its position in shares of TJX Companies by 19.2% in the first quarter. CWA Asset Management Group LLC now owns 4,500 shares of the apparel and home fashions retailer's stock worth $548,000 after acquiring an additional 726 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TJX. Evercore ISI lifted their target price on shares of TJX Companies from $150.00 to $162.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Daiwa America raised TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. Weiss Ratings restated a "buy (b+)" rating on shares of TJX Companies in a research note on Wednesday, October 8th. Erste Group Bank began coverage on TJX Companies in a research note on Friday, September 5th. They issued a "buy" rating for the company. Finally, UBS Group boosted their price target on TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $148.50.

TJX Companies Stock Up 1.0%

Shares of TJX Companies stock opened at $143.95 on Friday. The TJX Companies, Inc. has a 1-year low of $111.73 and a 1-year high of $146.46. The company has a market capitalization of $160.21 billion, a PE ratio of 32.79, a P/E/G ratio of 3.19 and a beta of 0.92. 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 business has a 50-day moving average of $139.33 and a 200-day moving average of $130.93.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly 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 business had revenue of $14.40 billion for the quarter, compared to analysts' expectations of $14.12 billion. During the same quarter in the previous year, the firm posted $0.96 earnings per share. The company'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. As a group, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently declared 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 of this dividend 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 presently 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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