Sax Wealth Advisors LLC Makes New $235,000 Investment in The TJX Companies, Inc. $TJX

Key Points

• Sax Wealth Advisors LLC has established a new position in The TJX Companies, investing approximately $235,000 for 1,932 shares during the first quarter.
• Several institutional investors increased their stakes in TJX, including Kestra Advisory Services LLC, which boosted its holdings by 13.4%.
• Research analysts have given TJX a consensus rating of "Buy" with an average price target of $147.58, reflecting positive sentiment in the stock's performance outlook.

Sax Wealth Advisors LLC purchased a new position in The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,932 shares of the apparel and home fashions retailer's stock, valued at approximately $235,000.

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

Insider Activity at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction 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 completion of the transaction, the director directly owned 22,712 shares of the company's stock, valued at $2,909,180.08. This trade represents a 4.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.13% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TJX. JPMorgan Chase & Co. increased their price objective on shares of TJX Companies from $145.00 to $148.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Evercore ISI increased their price objective on shares of TJX Companies from $150.00 to $162.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. UBS Group increased their price objective on shares of TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Barclays increased their price objective 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, Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the stock a "buy" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $147.58.

TJX Companies Price Performance

TJX traded up $0.61 during trading on Wednesday, hitting $137.29. 4,521,060 shares of the company traded hands, compared to its average volume of 5,516,427. The company has a market cap of $153.37 billion, a PE ratio of 31.27, a P/E/G ratio of 3.07 and a beta of 0.89. The stock's 50-day simple moving average is $127.79 and its two-hundred day simple moving average is $125.71. The TJX Companies, Inc. has a 1 year low of $111.22 and a 1 year high of $145.58. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate 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 net margin of 8.59% and a return on equity of 58.63%. TJX Companies's quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the company 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, sell-side analysts anticipate 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. Investors of record on Thursday, August 14th will be paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is presently 38.72%.

TJX Companies 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.