Raub Brock Capital Management LP Cuts Position in The TJX Companies, Inc. $TJX

Key Points

• Raub Brock Capital Management LP reduced its stake in The TJX Companies by 3.5%, now holding 135,826 shares valued at approximately $16.77 million, making it the fund's 12th largest position.
• The company reported earnings of $1.10 per share, surpassing estimates, with revenues of $14.40 billion, reflecting a 6.9% increase from the previous year.
• The TJX Companies announced a quarterly dividend of $0.425 to be paid on December 4th, representing a 1.2% yield and a payout ratio of 38.72%.

Raub Brock Capital Management LP cut its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 135,826 shares of the apparel and home fashions retailer's stock after selling 4,983 shares during the period. TJX Companies comprises approximately 3.7% of Raub Brock Capital Management LP's portfolio, making the stock its 12th largest position. Raub Brock Capital Management LP's holdings in TJX Companies were worth $16,773,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TCTC Holdings LLC lifted its stake in TJX Companies by 210.1% in the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock worth $26,000 after purchasing an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC lifted its stake in TJX Companies by 58.8% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after purchasing an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC lifted its stake in 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 last quarter. Inlight Wealth Management LLC bought a new stake in TJX Companies in the first quarter worth $37,000. Finally, Activest Wealth Management lifted its stake in TJX Companies by 4,485.7% in the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock worth $39,000 after purchasing an additional 314 shares during the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

Shares of NYSE:TJX opened at $142.70 on Wednesday. The company has a market cap of $158.81 billion, a price-to-earnings ratio of 32.51, a price-to-earnings-growth ratio of 3.22 and a beta of 0.92. The company has a 50-day moving average price of $137.20 and a 200-day moving average price of $129.75. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The TJX Companies, Inc. has a 12 month low of $111.73 and a 12 month high of $145.58.

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, beating the consensus estimate of $1.01 by $0.09. The firm had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The company's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $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, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current 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 $0.425 dividend. The ex-dividend date is Thursday, November 13th. This represents a $1.70 annualized dividend and a yield of 1.2%. TJX Companies's dividend payout ratio (DPR) is 38.72%.

Analysts Set New Price Targets

TJX has been the subject of several recent research reports. Bank of America boosted their price target 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. Wells Fargo & Company boosted their price target on shares of TJX Companies from $120.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 21st. Telsey Advisory Group reissued an "outperform" rating and issued a $155.00 price target (up from $150.00) on shares of TJX Companies in a research note on Wednesday, August 20th. Barclays boosted their price target on shares of TJX Companies from $147.00 to $155.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Finally, Robert W. Baird upped their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and an average target price of $147.63.

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.

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