NewEdge Advisors LLC Grows Stock Position in The TJX Companies, Inc. $TJX

Key Points

• NewEdge Advisors LLC increased its stake in The TJX Companies, Inc. by 8.7%, owning 438,475 shares valued at $53.4 million as of the latest SEC filing.
• The TJX Companies reported earnings of $1.10 per share for the latest quarter, surpassing analysts' expectations and showing a 6.9% year-over-year revenue increase of $14.4 billion.
• The firm announced a quarterly dividend of $0.425 per share, equivalent to a 1.2% dividend yield, with a dividend payout ratio of 38.72%.

NewEdge Advisors LLC increased its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 8.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 438,475 shares of the apparel and home fashions retailer's stock after buying an additional 35,229 shares during the quarter. NewEdge Advisors LLC's holdings in TJX Companies were worth $53,406,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. TCTC Holdings LLC lifted its stake 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 acquiring an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC grew its position in TJX Companies by 58.8% in the 1st 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 acquiring an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC grew its position in TJX Companies by 99.3% in the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after acquiring an additional 149 shares during the last quarter. Inlight Wealth Management LLC purchased a new stake in TJX Companies in the first quarter worth $37,000. Finally, Activest Wealth Management lifted its position in shares of 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 purchasing an additional 314 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Trading Up 1.1%

Shares of NYSE:TJX opened at $140.99 on Friday. The business's 50-day moving average is $129.57 and its 200 day moving average is $126.26. 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 1 year low of $111.22 and a 1 year high of $145.58. The firm has a market capitalization of $156.92 billion, a P/E ratio of 32.12, a P/E/G ratio of 3.14 and a beta of 0.90.

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

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, August 14th. TJX Companies's dividend payout ratio is 38.72%.

Analyst Upgrades and Downgrades

TJX has been the topic of several recent analyst reports. Evercore ISI increased their price objective on TJX Companies from $150.00 to $162.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. increased their price target on TJX Companies from $145.00 to $148.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Macquarie restated a "buy" rating on shares of TJX Companies in a research note on Monday, August 11th. Citigroup lifted their price objective on TJX Companies from $140.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Finally, UBS Group increased their target price on shares of TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus 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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