Raymond James Financial Inc. Sells 6,744 Shares of The TJX Companies, Inc. $TJX

Key Points

• Raymond James Financial Inc. reduced its holdings in The TJX Companies by 0.1%, owning 4,714,243 shares worth $574,194,000 after selling 6,744 shares in the first quarter.
• Several hedge funds, including Nuveen LLC and GAMMA Investing LLC, significantly increased their positions in TJX Companies, indicating strong institutional interest with over 91.09% of the stock owned by institutional investors.
• Wall Street analysts have a positive outlook on TJX Companies, with a consensus rating of “Buy” and an average price target of $141.33 based on recent upgrades from various research firms.

Raymond James Financial Inc. decreased its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,714,243 shares of the apparel and home fashions retailer's stock after selling 6,744 shares during the period. Raymond James Financial Inc. owned about 0.42% of TJX Companies worth $574,194,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Nuveen LLC bought a new stake in TJX Companies during the first quarter worth $1,330,717,000. GAMMA Investing LLC lifted its holdings in TJX Companies by 14,486.1% during the first quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock worth $354,696,000 after acquiring an additional 2,892,151 shares during the period. Capital Research Global Investors lifted its holdings in TJX Companies by 689.6% during the fourth quarter. Capital Research Global Investors now owns 2,595,085 shares of the apparel and home fashions retailer's stock worth $313,512,000 after acquiring an additional 2,266,415 shares during the period. Northern Trust Corp lifted its holdings in TJX Companies by 15.2% during the fourth quarter. Northern Trust Corp now owns 13,985,826 shares of the apparel and home fashions retailer's stock worth $1,689,628,000 after acquiring an additional 1,845,225 shares during the period. Finally, Royal Bank of Canada lifted its holdings in TJX Companies by 12.9% during the fourth quarter. Royal Bank of Canada now owns 12,300,919 shares of the apparel and home fashions retailer's stock worth $1,486,074,000 after acquiring an additional 1,403,561 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

Insider Buying and Selling at TJX Companies

In other news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director owned 22,712 shares of the company's stock, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.13% of the company's stock.

TJX Companies Trading Up 1.0%

Shares of TJX traded up $1.37 during mid-day trading on Tuesday, reaching $134.43. The company's stock had a trading volume of 6,721,612 shares, compared to its average volume of 4,822,886. The stock has a market cap of $150.17 billion, a PE ratio of 31.63, a P/E/G ratio of 3.10 and a beta of 0.89. 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 TJX Companies, Inc. has a 52 week low of $111.22 and a 52 week high of $135.85. The company's fifty day moving average price is $126.05 and its two-hundred day moving average price is $125.16.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%.The company had revenue of $13.11 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the previous year, the company posted $0.93 EPS. TJX Companies's revenue for the quarter was up 5.1% on a year-over-year basis. TJX Companies has set its FY 2026 guidance at 4.340-4.430 EPS. Q2 2026 guidance at 0.970-1.000 EPS. On average, analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share 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. Stockholders of record on Thursday, August 14th will be paid a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's payout ratio is 40.00%.

Analyst Ratings Changes

A number of analysts recently commented on TJX shares. Robert W. Baird lifted their price target on TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a report on Thursday, May 22nd. Telsey Advisory Group restated an "outperform" rating and issued a $150.00 target price on shares of TJX Companies in a research note on Wednesday, August 13th. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. TD Securities boosted their target price on TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a research note on Tuesday, May 20th. Finally, Macquarie restated a "buy" rating on shares of TJX Companies in a research note on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $141.33.

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.