Pictet North America Advisors SA Cuts Stake in The TJX Companies, Inc. $TJX

Key Points

• Pictet North America Advisors SA reduced its stake in The TJX Companies, Inc. by 93.3% in the second quarter, now holding only 2,268 shares valued at $280,000 after selling 31,488 shares.
• TJX reported quarterly earnings of $1.10 per share, exceeding expectations, with a net margin of 8.59% and year-over-year revenue growth of 6.9%.
• The company recently announced a $0.425 quarterly dividend, set to be paid on December 4th, representing an annualized yield of 1.2%.

Pictet North America Advisors SA lessened its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 93.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,268 shares of the apparel and home fashions retailer's stock after selling 31,488 shares during the period. Pictet North America Advisors SA's holdings in TJX Companies were worth $280,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of TJX. Clear Creek Financial Management LLC lifted its holdings in shares of TJX Companies by 1.8% in the 1st quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock worth $586,000 after acquiring an additional 83 shares during the last quarter. Knuff & Co LLC lifted its holdings in shares of TJX Companies by 8.5% in the 1st quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer's stock worth $129,000 after acquiring an additional 83 shares during the last quarter. McLean Asset Management Corp lifted its holdings in shares of TJX Companies by 3.2% in the 2nd quarter. McLean Asset Management Corp now owns 2,746 shares of the apparel and home fashions retailer's stock worth $344,000 after acquiring an additional 84 shares during the last quarter. Salem Investment Counselors Inc. lifted its holdings in shares of TJX Companies by 2.2% in the 1st quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock worth $485,000 after acquiring an additional 86 shares during the last quarter. Finally, NBC Securities Inc. lifted its holdings in shares of TJX Companies by 0.6% in the 2nd quarter. NBC Securities Inc. now owns 14,274 shares of the apparel and home fashions retailer's stock worth $1,762,000 after acquiring an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Trading Down 0.2%

TJX opened at $139.44 on Tuesday. The stock has a market capitalization of $155.19 billion, a PE ratio of 31.76, a P/E/G ratio of 3.14 and a beta of 0.90. The firm's fifty day moving average price is $133.23 and its 200 day moving average price is $127.78. 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 12-month low of $111.22 and a 12-month high of $145.58.

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, topping the consensus estimate of $1.01 by $0.09. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. 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 firm earned $0.96 earnings per share. The company's quarterly 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 expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be issued a $0.425 dividend. The ex-dividend date 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

Several brokerages recently weighed in on TJX. Bank of America upped their target price on shares of TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Daiwa America raised shares of TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. UBS Group increased their target price on shares of TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Macquarie reaffirmed a "buy" rating on shares of TJX Companies in a research report on Monday, August 11th. Finally, Evercore ISI increased their target price on shares of TJX Companies from $150.00 to $162.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. One research 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 company. According to data from MarketBeat, 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.

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