The TJX Companies, Inc. $TJX Shares Purchased by Park Avenue Securities LLC

Key Points

• Park Avenue Securities LLC increased its stake in The TJX Companies by 15.2%, acquiring an additional 11,805 shares during the second quarter, bringing its total holdings to 89,396 shares valued at approximately $11 million.
• Several hedge funds have recently boosted their investments in TJX, with Brighton Jones LLC raising its holdings by 113.7% and acquiring more shares during the fourth quarter.
• Analysts maintain a positive outlook for TJX, with a consensus rating of "Buy" and an average target price of $147.58, following several price upgrades from major brokerage firms.

Park Avenue Securities LLC lifted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 15.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 89,396 shares of the apparel and home fashions retailer's stock after purchasing an additional 11,805 shares during the quarter. Park Avenue Securities LLC's holdings in TJX Companies were worth $11,039,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. TCTC Holdings LLC raised its holdings in shares of TJX Companies by 210.1% in the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after acquiring an additional 145 shares in the last quarter. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of TJX Companies by 58.8% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after acquiring an additional 110 shares during the period. Iron Horse Wealth Management LLC lifted its position in shares of TJX Companies by 99.3% in the first 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 in the last quarter. Inlight Wealth Management LLC purchased a new stake in TJX Companies during the first quarter valued at approximately $37,000. Finally, Activest Wealth Management grew its stake 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 valued at $39,000 after buying an additional 314 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Trading Down 0.2%

Shares of NYSE:TJX traded down $0.34 during trading on Monday, hitting $139.44. 3,683,147 shares of the company's stock were exchanged, compared to its average volume of 4,656,251. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The firm has a 50-day moving average price of $133.23 and a two-hundred day moving average price of $127.78. The firm has a market cap of $155.19 billion, a P/E ratio of 31.76, a PEG ratio of 3.14 and a beta of 0.90. The TJX Companies, Inc. has a 1-year low of $111.22 and a 1-year high of $145.58.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The business's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the company 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. Equities analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors 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 yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies's dividend payout ratio (DPR) is 38.72%.

Analysts Set New Price Targets

Several analysts have recently commented on TJX shares. Daiwa Capital Markets began coverage on TJX Companies in a report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price objective for the company. Sanford C. Bernstein upped their price objective on TJX Companies from $145.00 to $152.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Evercore ISI upped their price objective on shares of TJX Companies from $150.00 to $162.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Robert W. Baird increased their target price on shares of TJX Companies from $143.00 to $152.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Finally, Barclays increased their target price on shares of TJX Companies from $147.00 to $155.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target 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.