Providence Capital Advisors LLC Invests $5.91 Million in The TJX Companies, Inc. $TJX

Key Points

• Providence Capital Advisors LLC has acquired a new stake in The TJX Companies, purchasing 48,500 shares valued at approximately $5.91 million.
• The TJX Companies reported a quarterly earnings of $0.92 per share, exceeding analysts' expectations, alongside a revenue of $13.11 billion, showing a 5.1% year-over-year increase.
• The company has declared a quarterly dividend of $0.425, reflecting a 1.3% dividend yield, with the payout scheduled for September 4th.

Providence Capital Advisors LLC acquired a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 48,500 shares of the apparel and home fashions retailer's stock, valued at approximately $5,907,000.

Several other large investors have also recently added to or reduced their stakes in the business. Shell Asset Management Co. increased its holdings in shares of TJX Companies by 16.5% during the fourth quarter. Shell Asset Management Co. now owns 29,168 shares of the apparel and home fashions retailer's stock valued at $3,524,000 after purchasing an additional 4,128 shares during the period. Pathstone Holdings LLC grew its position in TJX Companies by 10.1% in the 4th quarter. Pathstone Holdings LLC now owns 736,616 shares of the apparel and home fashions retailer's stock valued at $88,992,000 after buying an additional 67,853 shares in the last quarter. Ethic Inc. increased its stake in TJX Companies by 21.1% during the 4th quarter. Ethic Inc. now owns 167,169 shares of the apparel and home fashions retailer's stock valued at $20,196,000 after buying an additional 29,158 shares during the period. Fiduciary Trust Co raised its position in shares of TJX Companies by 5.2% during the 4th quarter. Fiduciary Trust Co now owns 2,891,186 shares of the apparel and home fashions retailer's stock worth $349,284,000 after buying an additional 144,113 shares in the last quarter. Finally, Pinnacle Financial Partners Inc raised its position in shares of TJX Companies by 2.2% during the 1st quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer's stock worth $46,989,000 after buying an additional 8,319 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the transaction, the director owned 22,712 shares of the company's stock, valued at $2,909,180.08. This trade represents a 4.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.13% of the stock is currently owned by company insiders.

TJX Companies Stock Up 2.5%

TJX Companies stock traded up $3.4130 during mid-day trading on Wednesday, hitting $138.0330. 13,218,597 shares of the company's stock were exchanged, compared to its average volume of 4,945,004. The TJX Companies, Inc. has a 1-year low of $111.22 and a 1-year high of $145.58. The stock has a 50 day moving average of $126.48 and a two-hundred day moving average of $125.31. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The stock has a market cap of $154.20 billion, a P/E ratio of 32.48, a P/E/G ratio of 3.14 and a beta of 0.89.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.09. The company had revenue of $14.40 billion during the quarter, compared to analysts' expectations of $14.12 billion. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%.The business's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 earnings per share. 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, analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, August 14th. This represents a $1.70 dividend on an annualized basis and a yield of 1.2%. TJX Companies's dividend payout ratio is presently 40.00%.

Analyst Upgrades and Downgrades

TJX has been the topic of several recent analyst reports. Barclays reissued an "overweight" rating and set a $147.00 target price (up previously from $137.00) on shares of TJX Companies in a report on Thursday, May 22nd. Telsey Advisory Group reiterated an "outperform" rating and issued a $150.00 target price on shares of TJX Companies in a report on Wednesday. Daiwa Capital Markets assumed coverage on TJX Companies in a research report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price target on the stock. Citigroup raised shares of TJX Companies from a "neutral" rating to a "buy" rating in a research note on Wednesday, May 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of TJX Companies from $130.00 to $145.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $141.33.

TJX Companies Company 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.