Palacios Wealth Management LLC Invests $299,000 in The TJX Companies, Inc. $TJX

Key Points

• Palacios Wealth Management LLC invested approximately $299,000 in 2,424 shares of The TJX Companies, Inc. during the second quarter, reflecting increased institutional interest in the retailer.
• The TJX Companies reported earnings of $1.10 per share in its latest quarterly results, exceeding analysts' expectations and showing a revenue increase of 6.9% year-over-year.
• A recent dividend of $0.425 per share was announced, reflecting a yield of 1.2%, with an ex-dividend date set for November 13th.

Palacios Wealth Management LLC purchased a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,424 shares of the apparel and home fashions retailer's stock, valued at approximately $299,000.

A number of other large investors have also recently bought and sold shares of TJX. Brighton Jones LLC raised its position 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 buying an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of TJX Companies by 12.1% in the fourth 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 last quarter. Bison Wealth LLC lifted its position 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 buying an additional 955 shares during the last quarter. Forum Financial Management LP grew its position in shares of TJX Companies by 5.4% in the fourth quarter. Forum Financial Management LP now owns 7,811 shares of the apparel and home fashions retailer's stock valued at $944,000 after purchasing an additional 400 shares during the last quarter. Finally, Mackenzie Financial Corp raised its position in shares of TJX Companies by 3.9% during the fourth quarter. Mackenzie Financial Corp now owns 1,897,673 shares of the apparel and home fashions retailer's stock valued at $229,258,000 after buying an additional 71,037 shares during the last quarter. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Up 0.1%

NYSE:TJX traded up $0.08 during mid-day trading on Tuesday, reaching $139.49. The company's stock had a trading volume of 1,217,529 shares, compared to its average volume of 5,286,230. The stock has a fifty day moving average of $133.23 and a 200-day moving average of $127.78. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. 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 $155.25 billion, a PE ratio of 31.77, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $14.12 billion. During the same quarter last year, the business posted $0.96 EPS. The company'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. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TJX shares. Morgan Stanley increased their target price on shares of TJX Companies from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Erste Group Bank began coverage on shares of TJX Companies in a research note on Friday, September 5th. They issued a "buy" rating on the stock. Barclays boosted their price target on TJX Companies from $147.00 to $155.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Bank of America upped their target price on TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Finally, Daiwa Capital Markets began coverage on TJX Companies in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 target price for the company. One 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 stock. According to MarketBeat.com, TJX Companies presently has an average rating of "Buy" and a consensus target price of $147.58.

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.