Sigma Investment Counselors Inc. Increases Stake in The TJX Companies, Inc. $TJX

Key Points

• Sigma Investment Counselors Inc. increased its stake in The TJX Companies by 3.2% during the 2nd quarter, now holding 76,602 shares valued at approximately $9.46 million.
• TJX Companies reported a net margin of 8.59% and a revenue of $14.40 billion for the last quarter, surpassing analyst expectations and showing a 6.9% year-over-year increase.
• The company announced a quarterly dividend of $0.425 per share, equating to an annual yield of 1.2%, with the payout ratio at 38.72%.

Sigma Investment Counselors Inc. lifted its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 76,602 shares of the apparel and home fashions retailer's stock after purchasing an additional 2,341 shares during the quarter. Sigma Investment Counselors Inc.'s holdings in TJX Companies were worth $9,460,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of TJX. Brighton Jones LLC raised its position in TJX Companies by 113.7% during the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock worth $1,817,000 after buying an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC raised its position in TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock worth $262,000 after buying an additional 235 shares during the last quarter. Bison Wealth LLC raised its position in TJX Companies by 32.9% during the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer's stock worth $466,000 after buying an additional 955 shares during the last quarter. GAMMA Investing LLC raised its position in TJX Companies by 19.8% during the 1st quarter. GAMMA Investing LLC now owns 23,909 shares of the apparel and home fashions retailer's stock worth $2,912,000 after buying an additional 3,944 shares during the last quarter. Finally, CWA Asset Management Group LLC raised its position in TJX Companies by 19.2% during the 1st quarter. CWA Asset Management Group LLC now owns 4,500 shares of the apparel and home fashions retailer's stock worth $548,000 after buying an additional 726 shares during the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Price Performance

NYSE:TJX opened at $143.95 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52. The firm has a market cap of $160.21 billion, a price-to-earnings ratio of 32.79, a price-to-earnings-growth ratio of 3.19 and a beta of 0.92. The company has a 50 day moving average price of $139.33 and a 200-day moving average price of $130.93. The TJX Companies, Inc. has a 1-year low of $111.73 and a 1-year high of $146.46.

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. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The firm had revenue of $14.40 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the firm earned $0.96 EPS. The business's quarterly revenue was up 6.9% on a year-over-year basis. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th 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, November 13th. TJX Companies's payout ratio is 38.72%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Robert W. Baird raised their price target on shares of TJX Companies from $143.00 to $152.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. raised their price target on shares of TJX Companies from $148.00 to $149.00 and gave the stock an "overweight" rating in a research report on Monday, October 6th. Morgan Stanley raised their price target on shares of TJX Companies from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Evercore ISI raised their price target on shares of TJX Companies from $150.00 to $162.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Finally, Bank of America raised their price target on shares of TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $148.50.

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.

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