Sax Wealth Advisors LLC Boosts Position in The TJX Companies, Inc. $TJX

Key Points

• Sax Wealth Advisors LLC increased its position in The TJX Companies, Inc. by 96.3% during the second quarter, owning 3,792 shares valued at approximately $468,000.
• Several institutional investors have also expanded their stakes in TJX, contributing to a total institutional ownership of 91.09%.
• Analysts have set new price targets for TJX, with the consensus rating being "Buy" and an average target price of $147.63, following a positive quarterly earnings report.

Sax Wealth Advisors LLC increased its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 96.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,792 shares of the apparel and home fashions retailer's stock after purchasing an additional 1,860 shares during the quarter. Sax Wealth Advisors LLC's holdings in TJX Companies were worth $468,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in TJX. Clear Creek Financial Management LLC grew its position in TJX Companies by 1.8% during the 1st quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock worth $586,000 after purchasing an additional 83 shares during the last quarter. Knuff & Co LLC grew its position in TJX Companies by 8.5% during the 1st quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer's stock worth $129,000 after purchasing an additional 83 shares during the last quarter. McLean Asset Management Corp grew its position in TJX Companies by 3.2% during the 2nd quarter. McLean Asset Management Corp now owns 2,746 shares of the apparel and home fashions retailer's stock worth $344,000 after purchasing an additional 84 shares during the last quarter. Salem Investment Counselors Inc. grew its position in TJX Companies by 2.2% during the 1st quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock worth $485,000 after purchasing an additional 86 shares during the last quarter. Finally, NBC Securities Inc. raised its position in TJX Companies by 0.6% during the 2nd quarter. NBC Securities Inc. now owns 14,274 shares of the apparel and home fashions retailer's stock worth $1,762,000 after buying an additional 86 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analysts Set New Price Targets

TJX has been the subject of a number of recent research reports. Sanford C. Bernstein raised their price target on shares of TJX Companies from $145.00 to $152.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Weiss Ratings reissued a "buy (b+)" rating on shares of TJX Companies in a research report on Wednesday. UBS Group raised their price target on shares of TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Barclays upped their target price on TJX Companies from $147.00 to $155.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Finally, Evercore ISI upped their target price on TJX Companies from $150.00 to $162.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $147.63.

TJX Companies Trading Down 1.5%

TJX Companies stock opened at $138.57 on Friday. 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. The stock's 50 day simple moving average is $137.78 and its two-hundred day simple moving average is $129.96. The firm has a market cap of $154.22 billion, a PE ratio of 31.56, a P/E/G ratio of 3.12 and a beta of 0.92.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $1.01 by $0.09. The business had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The business's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.96 EPS. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. Analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be given a $0.425 dividend. The ex-dividend date is Thursday, November 13th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. TJX Companies's payout ratio is 38.72%.

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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