Phoenix Financial Ltd. Has $8.93 Million Holdings in The TJX Companies, Inc. $TJX

Key Points

• Phoenix Financial Ltd. has reduced its stake in The TJX Companies, Inc. by 6.0%, holding 72,033 shares valued at approximately $8.93 million after selling 4,630 shares in the second quarter.
• The TJX Companies reported a net margin of 8.59% and a year-over-year revenue increase of 6.9%, with quarterly earnings per share (EPS) of $1.10, exceeding analysts' projections.
• A number of brokerages have upgraded their ratings for TJX Companies, with UBS increasing its price target from $164 to $172 and maintaining a "buy" rating.

Phoenix Financial Ltd. reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 6.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,033 shares of the apparel and home fashions retailer's stock after selling 4,630 shares during the quarter. Phoenix Financial Ltd.'s holdings in TJX Companies were worth $8,925,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in TJX. TCTC Holdings LLC raised its stake 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 buying an additional 145 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in shares of TJX Companies in the 2nd quarter valued at $28,000. Atlantic Edge Private Wealth Management LLC raised its stake in shares of TJX Companies by 58.8% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after buying an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC raised its stake in shares of TJX Companies by 99.3% in the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after buying an additional 149 shares in the last quarter. Finally, Activest Wealth Management raised its stake in shares of TJX Companies by 4,485.7% in the 1st 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 in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Stock Down 0.4%

Shares of NYSE:TJX opened at $143.32 on Tuesday. The TJX Companies, Inc. has a 12 month low of $111.73 and a 12 month high of $146.46. The company's 50-day moving average price is $139.55 and its two-hundred day moving average price is $131.11. 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 firm has a market cap of $159.50 billion, a P/E ratio of 32.65, a P/E/G ratio of 3.19 and a beta of 0.92.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.09. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The firm had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the prior year, the firm earned $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. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TJX. UBS Group increased their price objective on shares of TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd. 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 report on Thursday, August 21st. 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. Finally, Daiwa Capital Markets started coverage on shares of TJX Companies in a research report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $148.50.

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.

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