Patten & Patten Inc. TN Sells 4,979 Shares of The TJX Companies, Inc. $TJX

Key Points

• Patten & Patten Inc. has reduced its stake in The TJX Companies by 3.2%, selling 4,979 shares, bringing its total holdings to 150,440 shares valued at approximately $18.58 million.
• Recent analyst reports upgraded the price targets for TJX Companies, with Barclays increasing its target from $147 to $155 and Evercore ISI raising it from $150 to $162, indicating strong market sentiment.
• The TJX Companies recently announced a quarterly dividend of $0.425 per share, representing an annual yield of 1.2%, with the payment date set for December 4th.

Patten & Patten Inc. TN reduced its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,440 shares of the apparel and home fashions retailer's stock after selling 4,979 shares during the period. TJX Companies makes up about 1.2% of Patten & Patten Inc. TN's holdings, making the stock its 18th largest holding. Patten & Patten Inc. TN's holdings in TJX Companies were worth $18,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Callahan Advisors LLC lifted its holdings in TJX Companies by 1.2% during the 2nd quarter. Callahan Advisors LLC now owns 20,753 shares of the apparel and home fashions retailer's stock worth $2,563,000 after purchasing an additional 251 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in shares of TJX Companies by 0.4% in the second quarter. New York State Teachers Retirement System now owns 859,731 shares of the apparel and home fashions retailer's stock worth $106,168,000 after buying an additional 3,425 shares in the last quarter. Ritholtz Wealth Management boosted its position in shares of TJX Companies by 20.5% in the second quarter. Ritholtz Wealth Management now owns 23,032 shares of the apparel and home fashions retailer's stock valued at $2,844,000 after acquiring an additional 3,915 shares during the period. Harbour Investments Inc. grew its stake in TJX Companies by 4.9% during the second quarter. Harbour Investments Inc. now owns 4,482 shares of the apparel and home fashions retailer's stock valued at $553,000 after acquiring an additional 210 shares in the last quarter. Finally, Aries Wealth Management increased its holdings in TJX Companies by 1.7% during the 2nd quarter. Aries Wealth Management now owns 14,351 shares of the apparel and home fashions retailer's stock worth $1,772,000 after acquiring an additional 240 shares during the period. 91.09% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on TJX shares. Robert W. Baird lifted their price objective on TJX Companies from $143.00 to $152.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Weiss Ratings reissued a "buy (b+)" rating on shares of TJX Companies in a report on Wednesday, October 8th. Barclays raised their target price on shares of TJX Companies from $147.00 to $155.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Morgan Stanley boosted their price target on shares of TJX Companies from $140.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Finally, Evercore ISI increased their price target on shares of TJX Companies from $150.00 to $162.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $148.50.

TJX Companies Trading Up 0.6%

Shares of TJX stock opened at $145.00 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52. The TJX Companies, Inc. has a 1-year low of $111.73 and a 1-year high of $146.46. The stock has a market capitalization of $161.38 billion, a PE ratio of 33.03, a P/E/G ratio of 3.20 and a beta of 0.92. The business has a 50-day moving average of $138.88 and a 200 day moving average of $130.60.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS 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 in the prior year, the company posted $0.96 EPS. TJX Companies's quarterly 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. As a group, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies's payout ratio is 38.72%.

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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