Norris Perne & French LLP MI Reduces Position in The TJX Companies, Inc. $TJX

Key Points

• Norris Perne & French LLP MI reduced its stake in The TJX Companies, Inc. by 4.3%, owning 122,041 shares valued at approximately $15 million after selling 5,440 shares in the second quarter.
• Multiple large investors have increased their positions in TJX Companies, with City Holding Co. leading with a 9.3% increase, now holding 19,780 shares.
• Research analysts have raised their price targets for TJX stock, with UBS raising theirs from $164.00 to $172.00, reflecting a consensus "Buy" rating based on positive earnings reports.

Norris Perne & French LLP MI cut its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 122,041 shares of the apparel and home fashions retailer's stock after selling 5,440 shares during the period. Norris Perne & French LLP MI's holdings in TJX Companies were worth $15,071,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Independence Bank of Kentucky increased its position in shares of TJX Companies by 3.2% in the 2nd quarter. Independence Bank of Kentucky now owns 22,798 shares of the apparel and home fashions retailer's stock valued at $2,815,000 after purchasing an additional 710 shares during the last quarter. Moody Lynn & Lieberson LLC increased its position in shares of TJX Companies by 1.1% in the 2nd quarter. Moody Lynn & Lieberson LLC now owns 8,601 shares of the apparel and home fashions retailer's stock valued at $1,062,000 after purchasing an additional 91 shares during the last quarter. Smith Salley Wealth Management increased its position in shares of TJX Companies by 2.9% in the 2nd quarter. Smith Salley Wealth Management now owns 273,633 shares of the apparel and home fashions retailer's stock valued at $33,791,000 after purchasing an additional 7,700 shares during the last quarter. Addenda Capital Inc. increased its position in shares of TJX Companies by 2.2% in the 2nd quarter. Addenda Capital Inc. now owns 118,696 shares of the apparel and home fashions retailer's stock valued at $14,658,000 after purchasing an additional 2,522 shares during the last quarter. Finally, City Holding Co. grew its position in shares of TJX Companies by 9.3% in the 2nd quarter. City Holding Co. now owns 19,780 shares of the apparel and home fashions retailer's stock valued at $2,442,000 after buying an additional 1,680 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on TJX. UBS Group increased their target price on shares of TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Daiwa America raised shares of TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. Daiwa Capital Markets began coverage on shares of TJX Companies in a research report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 target price on the stock. Sanford C. Bernstein increased their target price on shares of TJX Companies from $145.00 to $152.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Finally, JPMorgan Chase & Co. increased their target price on shares of TJX Companies from $145.00 to $148.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $147.58.

TJX Companies Stock Up 1.2%

TJX stock opened at $143.09 on Monday. The TJX Companies, Inc. has a one year low of $111.22 and a one year high of $145.58. The stock has a market capitalization of $159.25 billion, a PE ratio of 32.60, a price-to-earnings-growth ratio of 3.22 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17. The company has a fifty day moving average of $134.77 and a 200-day moving average of $128.50.

TJX Companies (NYSE:TJX - Get Free Report) last released 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 company had revenue of $14.40 billion during the quarter, compared to analysts' expectations of $14.12 billion. During the same quarter last year, the business earned $0.96 EPS. The business's 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. As a group, analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

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

About TJX Companies

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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