Segment Wealth Management LLC Lowers Holdings in The TJX Companies, Inc. $TJX

Key Points

• Segment Wealth Management LLC has reduced its stake in The TJX Companies by 1.8%, now holding 107,415 shares worth approximately $13.27 million.
• The TJX Companies reported a quarterly earnings per share of $1.10, exceeding analysts' expectations and marking a year-over-year revenue increase of 6.9%.
• Recent analysts' reports have set new price targets for TJX, with Bank of America raising it to $150 and Citigroup increasing theirs to $160, with a majority rating it as a Buy.

Segment Wealth Management LLC decreased its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,415 shares of the apparel and home fashions retailer's stock after selling 1,965 shares during the quarter. Segment Wealth Management LLC's holdings in TJX Companies were worth $13,265,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of TJX Companies by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer's stock worth $12,230,396,000 after purchasing an additional 1,099,129 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of TJX Companies by 0.3% during the 1st quarter. Ameriprise Financial Inc. now owns 13,068,312 shares of the apparel and home fashions retailer's stock worth $1,591,758,000 after purchasing an additional 35,800 shares during the period. Amundi grew its holdings in shares of TJX Companies by 10.2% during the 1st quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer's stock worth $1,489,305,000 after purchasing an additional 1,104,292 shares during the period. Nuveen LLC purchased a new stake in shares of TJX Companies during the 1st quarter worth about $1,330,717,000. Finally, Invesco Ltd. grew its holdings in shares of TJX Companies by 2.8% during the 1st quarter. Invesco Ltd. now owns 9,000,600 shares of the apparel and home fashions retailer's stock worth $1,096,273,000 after purchasing an additional 247,579 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

TJX Companies Price Performance

Shares of NYSE TJX opened at $141.30 on Friday. The TJX Companies, Inc. has a twelve month low of $111.22 and a twelve month 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. The company has a market capitalization of $157.26 billion, a price-to-earnings ratio of 32.19, a price-to-earnings-growth ratio of 3.21 and a beta of 0.92. The business has a 50 day simple moving average of $136.51 and a 200-day simple moving average of $129.30.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. The business had revenue of $14.40 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the previous year, the business earned $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. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

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

Analysts Set New Price Targets

TJX has been the subject of a number of research reports. Erste Group Bank initiated coverage on TJX Companies in a report on Friday, September 5th. They set a "buy" rating for the company. Bank of America boosted their price target on TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Telsey Advisory Group reissued an "outperform" rating and set a $155.00 price target (up from $150.00) on shares of TJX Companies in a research report on Wednesday, August 20th. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd. Finally, Citigroup boosted their price target on TJX Companies from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $147.58.

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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