Public Employees Retirement System of Ohio Sells 2,080 Shares of The TJX Companies, Inc. $TJX

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in TJX Companies by 0.4%, selling 2,080 shares and now holds 477,819 shares valued at approximately $59 million.
• TJX Companies reported $1.10 earnings per share for its latest quarter, exceeding estimates of $1.01, along with a revenue of $14.40 billion which was higher than the anticipated $14.12 billion.
• The company declared a quarterly dividend of $0.425 per share, with a yield of 1.2%, scheduled to be paid on December 4th to investors of record on November 13th.

Public Employees Retirement System of Ohio trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 477,819 shares of the apparel and home fashions retailer's stock after selling 2,080 shares during the period. Public Employees Retirement System of Ohio's holdings in TJX Companies were worth $59,006,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Clear Creek Financial Management LLC boosted its holdings in TJX Companies by 1.8% during the first quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock valued at $586,000 after acquiring an additional 83 shares during the period. Knuff & Co LLC boosted its holdings in TJX Companies by 8.5% during the first quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer's stock valued at $129,000 after acquiring an additional 83 shares during the period. McLean Asset Management Corp boosted its holdings in TJX Companies by 3.2% during the second quarter. McLean Asset Management Corp now owns 2,746 shares of the apparel and home fashions retailer's stock valued at $344,000 after acquiring an additional 84 shares during the period. Salem Investment Counselors Inc. boosted its holdings in TJX Companies by 2.2% during the first quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock valued at $485,000 after acquiring an additional 86 shares during the period. Finally, NBC Securities Inc. boosted its holdings in TJX Companies by 0.6% during the second quarter. NBC Securities Inc. now owns 14,274 shares of the apparel and home fashions retailer's stock valued at $1,762,000 after acquiring an additional 86 shares during the period. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

NYSE:TJX opened at $139.70 on Wednesday. The TJX Companies, Inc. has a 12-month low of $111.22 and a 12-month high of $145.58. 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 capitalization of $155.48 billion, a PE ratio of 31.82, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90. The firm has a 50-day moving average price of $133.59 and a 200 day moving average price of $127.86.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (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 firm 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 business posted $0.96 earnings per share. The company'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. 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 declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies's dividend payout ratio is 38.72%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on TJX shares. Wells Fargo & Company upped their price target on shares of TJX Companies from $120.00 to $130.00 and gave the company an "equal weight" rating in a report on Thursday, August 21st. Bank of America increased their target price on shares of TJX Companies from $145.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Robert W. Baird increased their target price on shares of TJX Companies from $143.00 to $152.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Erste Group Bank assumed coverage on shares of TJX Companies in a research note on Friday, September 5th. They issued a "buy" rating for the company. Finally, Morgan Stanley increased their target price on shares of TJX Companies from $140.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus 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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