NorthCrest Asset Manangement LLC Raises Stake in The TJX Companies, Inc. $TJX

Key Points

• NorthCrest Asset Management LLC significantly increased its holdings in The TJX Companies, Inc. by 379.3% during Q2, now owning shares valued at $5.43 million.
• TJX Companies reported $1.10 earnings per share, exceeding analysts' expectations, and announced a quarterly dividend of $0.425 per share to be paid on December 4th.
• Research analysts have a positive outlook on TJX Companies, with an average rating of "Buy" and a target price of $147.58.

NorthCrest Asset Manangement LLC raised its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 379.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,106 shares of the apparel and home fashions retailer's stock after purchasing an additional 34,113 shares during the quarter. NorthCrest Asset Manangement LLC's holdings in TJX Companies were worth $5,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in TJX. Pinnacle Financial Partners Inc increased its position in shares of TJX Companies by 2.2% during the 1st quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer's stock valued at $46,989,000 after purchasing an additional 8,319 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of TJX Companies by 1.7% during the 1st quarter. State of Alaska Department of Revenue now owns 181,712 shares of the apparel and home fashions retailer's stock valued at $22,132,000 after purchasing an additional 3,125 shares during the last quarter. FCG Investment Co bought a new position in shares of TJX Companies during the 1st quarter valued at about $2,620,000. Mainstream Capital Management LLC raised its stake in shares of TJX Companies by 4.3% during the first quarter. Mainstream Capital Management LLC now owns 12,450 shares of the apparel and home fashions retailer's stock worth $1,516,000 after acquiring an additional 515 shares in the last quarter. Finally, Parr Mcknight Wealth Management Group LLC raised its stake in shares of TJX Companies by 12.6% during the first quarter. Parr Mcknight Wealth Management Group LLC now owns 40,840 shares of the apparel and home fashions retailer's stock worth $4,974,000 after acquiring an additional 4,579 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Trading Down 0.2%

TJX traded down $0.34 during midday trading on Monday, reaching $139.44. 3,683,147 shares of the company's stock traded hands, compared to its average volume of 4,656,251. The firm has a fifty day moving average of $133.23 and a two-hundred day moving average of $127.78. The TJX Companies, Inc. has a 52 week low of $111.22 and a 52 week high of $145.58. The stock has a market capitalization of $155.19 billion, a price-to-earnings ratio of 31.76, a P/E/G ratio of 3.14 and a beta of 0.90. 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 announced its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.09. The company had revenue of $14.40 billion during the quarter, compared to analyst estimates of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The firm's revenue was up 6.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.96 earnings per share. 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, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have commented on the stock. Daiwa America raised shares of TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. UBS Group boosted their price target on shares of TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Daiwa Capital Markets initiated coverage on shares of TJX Companies in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price target for the company. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, August 23rd. Finally, Sanford C. Bernstein increased their target price on TJX Companies from $145.00 to $152.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus 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.