Sequoia Financial Advisors LLC Boosts Stock Holdings in The TJX Companies, Inc. $TJX

Key Points

• Sequoia Financial Advisors LLC increased its stake in The TJX Companies by 5.8%, owning 210,474 shares valued at $25,991,000 after acquiring 11,447 additional shares.
• Recent price targets for TJX Companies have been raised by several analysts, with UBS Group setting a new target at $172.00, reflecting a generally positive outlook for the stock.
• The TJX Companies reported a quarterly earnings per share of $1.10, surpassing analysts' estimates, and a revenue of $14.40 billion, marking a 6.9% increase year-over-year.

Sequoia Financial Advisors LLC boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 210,474 shares of the apparel and home fashions retailer's stock after acquiring an additional 11,447 shares during the period. Sequoia Financial Advisors LLC's holdings in TJX Companies were worth $25,991,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Vest Financial LLC raised its position in shares of TJX Companies by 35.3% during the 2nd quarter. Vest Financial LLC now owns 13,923 shares of the apparel and home fashions retailer's stock valued at $1,719,000 after buying an additional 3,634 shares in the last quarter. MGO One Seven LLC increased its stake in TJX Companies by 15.3% during the second quarter. MGO One Seven LLC now owns 51,987 shares of the apparel and home fashions retailer's stock worth $6,420,000 after acquiring an additional 6,881 shares during the last quarter. Welch Group LLC raised its position in TJX Companies by 4.4% during the second quarter. Welch Group LLC now owns 71,935 shares of the apparel and home fashions retailer's stock valued at $8,883,000 after purchasing an additional 3,031 shares during the period. Ellis Investment Partners LLC raised its position in TJX Companies by 1.3% during the second quarter. Ellis Investment Partners LLC now owns 10,042 shares of the apparel and home fashions retailer's stock valued at $1,240,000 after purchasing an additional 126 shares during the period. Finally, CWM LLC boosted its holdings in shares of TJX Companies by 2.1% in the 2nd quarter. CWM LLC now owns 312,916 shares of the apparel and home fashions retailer's stock worth $38,642,000 after purchasing an additional 6,479 shares during the period. 91.09% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

TJX has been the topic of several recent research reports. Barclays increased their price target on TJX Companies from $147.00 to $155.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Bank of America increased their target price on shares of TJX Companies from $145.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Robert W. Baird raised their target price on shares of TJX Companies from $143.00 to $152.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. UBS Group raised their target price on shares of TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Finally, Citigroup raised their target price on shares of TJX Companies from $140.00 to $160.00 and gave the stock a "buy" rating in a report 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 assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $147.63.

TJX Companies Trading Up 1.3%

NYSE TJX opened at $140.38 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17. The company has a market capitalization of $156.23 billion, a price-to-earnings ratio of 31.98, a price-to-earnings-growth ratio of 3.12 and a beta of 0.92. The company's 50-day simple moving average is $138.07 and its two-hundred day simple moving average is $130.24. The TJX Companies, Inc. has a one year low of $111.73 and a one year high of $145.58.

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 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. The business had revenue of $14.40 billion for 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 revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last 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. Equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company 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 of this dividend 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 presently 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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