Parsons Capital Management Inc. RI Has $6.37 Million Stock Holdings in The TJX Companies, Inc. $TJX

Key Points

• Parsons Capital Management Inc. RI reduced its holdings in The TJX Companies by 30.4%, owning 51,615 shares worth approximately $6.37 million after selling 22,550 shares in the second quarter.
• TJX Companies reported an earnings per share (EPS) of $1.10 for the last quarter, surpassing analysts' estimates of $1.01 and showing a year-over-year revenue growth of 6.9%.
• The company recently announced a quarterly dividend of $0.425 per share, with a payout ratio of 38.72%, and the dividend will be paid on December 4th.

Parsons Capital Management Inc. RI cut its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 30.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 51,615 shares of the apparel and home fashions retailer's stock after selling 22,550 shares during the quarter. Parsons Capital Management Inc. RI's holdings in TJX Companies were worth $6,374,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in 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 valued at $1,817,000 after acquiring an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in 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 valued at $262,000 after acquiring an additional 235 shares during the last quarter. Bison Wealth LLC boosted its holdings in 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 valued at $466,000 after acquiring an additional 955 shares during the last quarter. Merit Financial Group LLC boosted its holdings in TJX Companies by 35.3% in the first quarter. Merit Financial Group LLC now owns 47,221 shares of the apparel and home fashions retailer's stock valued at $5,752,000 after acquiring an additional 12,330 shares during the last quarter. Finally, RFG Advisory LLC boosted its holdings in TJX Companies by 12.3% in the first quarter. RFG Advisory LLC now owns 5,848 shares of the apparel and home fashions retailer's stock valued at $712,000 after acquiring an additional 641 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

TJX Companies Price Performance

Shares of TJX opened at $144.49 on Thursday. 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 TJX Companies, Inc. has a 1 year low of $111.22 and a 1 year high of $145.58. The stock has a market cap of $160.80 billion, a P/E ratio of 32.91, a price-to-earnings-growth ratio of 3.25 and a beta of 0.92. The stock's 50-day moving average price is $135.88 and its two-hundred day moving average price is $128.93.

TJX Companies (NYSE:TJX - Get Free Report) last issued its earnings results 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. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The firm had revenue of $14.40 billion for the quarter, compared to analysts' expectations of $14.12 billion. During the same quarter last year, the business earned $0.96 earnings per share. The company's revenue 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. On average, 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 disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be issued 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 is Thursday, November 13th. TJX Companies's payout ratio is 38.72%.

Wall Street Analyst Weigh In

TJX has been the topic of several recent research reports. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. UBS Group raised their price target on TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Robert W. Baird raised their price target on TJX Companies from $143.00 to $152.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Morgan Stanley raised their price target on TJX Companies from $140.00 to $150.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Finally, Bank of America raised 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. One research 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. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target 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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