The TJX Companies, Inc. $TJX Stock Holdings Trimmed by State of New Jersey Common Pension Fund D

Key Points

• The State of New Jersey Common Pension Fund D reduced its holdings in TJX Companies by 8.0%, selling 32,897 shares and bringing its total ownership to 380,343 shares valued at approximately $46.3 million.
• TJX Companies reported earnings per share (EPS) of $0.92 for the last quarter, surpassing analyst expectations and showing a 5.1% revenue increase year-over-year.
• The company announced a quarterly dividend of $0.425 per share, which equates to an annualized dividend of $1.70 with a yield of 1.3%.

State of New Jersey Common Pension Fund D reduced its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 8.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 380,343 shares of the apparel and home fashions retailer's stock after selling 32,897 shares during the period. State of New Jersey Common Pension Fund D's holdings in TJX Companies were worth $46,326,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. TCTC Holdings LLC increased its stake in TJX Companies by 210.1% in the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after purchasing an additional 145 shares in the last quarter. Atlantic Edge Private Wealth Management LLC increased its position in TJX Companies by 58.8% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after buying an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC increased its position in TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after buying an additional 149 shares in the last quarter. Inlight Wealth Management LLC purchased a new position in TJX Companies during the first quarter worth $37,000. Finally, Rialto Wealth Management LLC increased its position in TJX Companies by 105.9% during the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock worth $42,000 after buying an additional 179 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Up 1.0%

NYSE:TJX traded up $1.37 during mid-day trading on Tuesday, hitting $134.43. The company had a trading volume of 6,719,391 shares, compared to its average volume of 5,303,737. The business has a fifty day simple moving average of $126.05 and a 200-day simple moving average of $125.16. The company has a current ratio of 1.16, a quick ratio of 0.51 and a debt-to-equity ratio of 0.34. The TJX Companies, Inc. has a 1 year low of $111.22 and a 1 year high of $135.85. The firm has a market capitalization of $150.17 billion, a price-to-earnings ratio of 31.63, a PEG ratio of 3.09 and a beta of 0.89.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, May 21st. The apparel and home fashions retailer reported $0.92 EPS for the quarter, beating the consensus estimate of $0.90 by $0.02. TJX Companies had a return on equity of 58.81% and a net margin of 8.47%.The company had revenue of $13.11 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same period last year, the company posted $0.93 earnings per share. The firm's revenue was up 5.1% compared to the same quarter last year. TJX Companies has set its FY 2026 guidance at 4.340-4.430 EPS. Q2 2026 guidance at 0.970-1.000 EPS. Equities 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 announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Thursday, August 14th. TJX Companies's payout ratio is presently 40.00%.

Wall Street Analysts Forecast Growth

TJX has been the subject of several recent research reports. JPMorgan Chase & Co. raised their price target on TJX Companies from $130.00 to $145.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Daiwa Capital Markets initiated coverage on TJX Companies in a research report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price target for the company. Cowen reissued a "buy" rating on shares of TJX Companies in a research report on Tuesday, May 20th. Robert W. Baird raised their price target on TJX Companies from $140.00 to $143.00 and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $150.00 price target on shares of TJX Companies in a research report on Wednesday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $141.33.

Insider Activity

In related news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total value of $121,685.50. Following the completion of the sale, the director directly owned 22,712 shares of the company's stock, valued at $2,909,180.08. The trade was a 4.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.13% of the company's stock.

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.