Opal Wealth Advisors LLC Sells 2,580 Shares of The TJX Companies, Inc. $TJX

Key Points

• Opal Wealth Advisors LLC sold 2,580 shares of The TJX Companies, reducing its position by 71.3%, leaving it with 1,036 shares worth $128,000.
• The TJX Companies reported better-than-expected earnings with $1.10 earnings per share for the last quarter, surpassing estimates by $0.09, and had a revenue increase of 6.9% year-over-year.
• A quarterly dividend of $0.425 per share has been declared, with an annualized dividend yield of 1.2%, scheduled for payment on December 4th.

Opal Wealth Advisors LLC reduced its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 71.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,036 shares of the apparel and home fashions retailer's stock after selling 2,580 shares during the quarter. Opal Wealth Advisors LLC's holdings in TJX Companies were worth $128,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew its holdings in shares of TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock worth $1,817,000 after acquiring an additional 8,002 shares during the period. Revolve Wealth Partners LLC boosted its holdings in TJX Companies by 12.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock worth $262,000 after buying an additional 235 shares during the period. Bison Wealth LLC boosted its stake in shares of TJX Companies by 32.9% in the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer's stock worth $466,000 after acquiring an additional 955 shares during the period. Jefferies Financial Group Inc. boosted its stake in shares of TJX Companies by 289.6% in the fourth quarter. Jefferies Financial Group Inc. now owns 23,105 shares of the apparel and home fashions retailer's stock worth $2,791,000 after acquiring an additional 17,175 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of TJX Companies in the fourth quarter worth about $136,753,000. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Up 0.2%

NYSE:TJX opened at $139.70 on Wednesday. The TJX Companies, Inc. has a twelve month low of $111.22 and a twelve month high of $145.58. The company has a market cap of $155.48 billion, a price-to-earnings ratio of 31.82, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90. The stock has a fifty day simple moving average of $133.59 and a 200-day simple moving average of $127.86. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32.

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 earnings per share 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 during the quarter, compared to the consensus estimate of $14.12 billion. During the same period last year, the company earned $0.96 earnings per share. The business'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. Analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

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 paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies's payout ratio is currently 38.72%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Wells Fargo & Company upped their price target on TJX Companies from $120.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 21st. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $155.00 price target (up previously from $150.00) on shares of TJX Companies in a report on Wednesday, August 20th. Daiwa America raised TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. Daiwa Capital Markets initiated coverage on TJX Companies in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price objective for the company. Finally, Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $147.58.

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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