Professional Advisory Services Inc. Trims Stock Holdings in The TJX Companies, Inc. $TJX

Key Points

• Professional Advisory Services Inc. has reduced its holdings in The TJX Companies, Inc. by 7.0%, now owning 163,800 shares valued at approximately $20.23 million.
• The TJX Companies saw a quarterly earnings report exceeding expectations, with earnings per share of $1.10 against a consensus estimate of $1.01, alongside a revenue of $14.40 billion.
• The company announced a quarterly dividend payment of $0.425 per share, reflecting a 1.2% dividend yield and a payout ratio of 38.72%.

Professional Advisory Services Inc. decreased its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 7.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 163,800 shares of the apparel and home fashions retailer's stock after selling 12,397 shares during the period. TJX Companies comprises 2.7% of Professional Advisory Services Inc.'s investment portfolio, making the stock its 19th biggest position. Professional Advisory Services Inc.'s holdings in TJX Companies were worth $20,228,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. TCTC Holdings LLC lifted its position in TJX Companies by 210.1% during the first 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. Atlantic Edge Private Wealth Management LLC boosted its position in TJX Companies by 58.8% during the 1st 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 last quarter. Iron Horse Wealth Management LLC increased 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 worth $36,000 after purchasing an additional 149 shares during the period. Inlight Wealth Management LLC acquired a new position in shares of TJX Companies in the first quarter worth approximately $37,000. Finally, Activest Wealth Management grew its holdings in 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 worth $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.

Wall Street Analyst Weigh In

TJX has been the topic of several analyst reports. Morgan Stanley boosted their target price on TJX Companies from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Telsey Advisory Group reaffirmed an "outperform" rating and set a $155.00 price objective (up previously from $150.00) on shares of TJX Companies in a report on Wednesday, August 20th. Wells Fargo & Company boosted their price objective on shares of TJX Companies from $120.00 to $130.00 and gave the stock an "equal weight" rating in a report on Thursday, August 21st. Barclays upped their price target on shares of TJX Companies from $147.00 to $155.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Finally, Macquarie reissued a "buy" rating on shares of TJX Companies in a report on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $147.58.

TJX Companies Trading Down 0.2%

Shares of NYSE TJX traded down $0.32 during trading hours on Friday, hitting $139.61. 7,503,417 shares of the company traded hands, compared to its average volume of 4,656,251. The TJX Companies, Inc. has a 12 month low of $111.22 and a 12 month high of $145.58. The stock has a market capitalization of $155.38 billion, a price-to-earnings ratio of 31.80, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90. The company's 50 day moving average price is $132.91 and its 200 day moving average price is $127.63. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter last year, the business posted $0.96 earnings per share. The business'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. On average, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share 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%.

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.