Somerville Kurt F Has $16.74 Million Holdings in The TJX Companies, Inc. $TJX

Key Points

• Somerville Kurt F reduced its position in The TJX Companies by 1.3% in the second quarter, holding $16.74 million worth of shares, making it the 16th largest position in its investment portfolio.
• The TJX Companies reported an earnings per share (EPS) of $1.10 for the latest quarter, exceeding analysts' expectations of $1.01 and reflecting a 6.9% year-over-year revenue growth.
• In addition to its strong earnings, TJX Companies announced a quarterly dividend of $0.425, with an annualized yield of 1.2%, reflecting a payout ratio of 38.72%.

Somerville Kurt F lessened its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,573 shares of the apparel and home fashions retailer's stock after selling 1,820 shares during the quarter. TJX Companies makes up about 2.8% of Somerville Kurt F's investment portfolio, making the stock its 16th largest position. Somerville Kurt F's holdings in TJX Companies were worth $16,742,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Clear Creek Financial Management LLC grew its holdings in shares of 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 in the last quarter. Knuff & Co LLC grew its holdings in shares of 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 in the last quarter. McLean Asset Management Corp grew its holdings in shares of 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 in the last quarter. Salem Investment Counselors Inc. grew its holdings in shares of 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 in the last quarter. Finally, NBC Securities Inc. grew its holdings in shares of 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 purchasing an additional 86 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Price Performance

TJX Companies stock opened at $142.70 on Wednesday. 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 firm has a market cap of $158.81 billion, a P/E ratio of 32.51, a P/E/G ratio of 3.22 and a beta of 0.92. The business's fifty day moving average is $137.20 and its two-hundred day moving average is $129.75. The TJX Companies, Inc. has a 52 week low of $111.73 and a 52 week high of $145.58.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.09. The company 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 revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. Equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders 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 dividend on an annualized basis and a yield of 1.2%. TJX Companies's payout ratio is currently 38.72%.

Wall Street Analyst Weigh In

TJX has been the topic of several recent research reports. Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. Daiwa America raised TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. Erste Group Bank initiated coverage on TJX Companies in a research note on Friday, September 5th. They issued a "buy" rating on the stock. Evercore ISI boosted their price target on TJX Companies from $150.00 to $162.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Finally, Daiwa Capital Markets initiated coverage on TJX Companies in a research note on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $147.63.

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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