Synovus Financial Corp Acquires 5,545 Shares of The TJX Companies, Inc. $TJX

Key Points

• Synovus Financial Corp increased its stake in TJX Companies by 5.0%, purchasing an additional 5,545 shares to reach a total of 116,060 shares worth approximately $14.14 million.
• TJX Companies reported a net margin of 8.59% and a return on equity of 58.63%, with quarterly revenue exceeding expectations at $14.40 billion.
• The firm announced a quarterly dividend of $0.425, expected to yield 1.2% annually, with the ex-dividend date set for August 14th.

Synovus Financial Corp raised its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 116,060 shares of the apparel and home fashions retailer's stock after buying an additional 5,545 shares during the quarter. Synovus Financial Corp's holdings in TJX Companies were worth $14,136,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Clear Creek Financial Management LLC boosted its holdings in shares of TJX Companies by 1.8% in the first quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock worth $586,000 after acquiring an additional 83 shares during the period. Knuff & Co LLC lifted its holdings in shares of TJX Companies by 8.5% in the first quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer's stock worth $129,000 after buying an additional 83 shares in the last quarter. Salem Investment Counselors Inc. increased its holdings in 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 acquiring an additional 86 shares during the period. Financial Network Wealth Advisors LLC lifted its stake in TJX Companies by 7.8% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 1,207 shares of the apparel and home fashions retailer's stock worth $147,000 after purchasing an additional 87 shares in the last quarter. Finally, Amplius Wealth Advisors LLC boosted its holdings in TJX Companies by 4.2% in the 1st quarter. Amplius Wealth Advisors LLC now owns 2,324 shares of the apparel and home fashions retailer's stock valued at $283,000 after purchasing an additional 93 shares during the period. Institutional investors own 91.09% of the company's stock.

TJX Companies Trading Down 0.1%

Shares of NYSE TJX traded down $0.09 during mid-day trading on Thursday, hitting $137.14. The stock had a trading volume of 5,138,650 shares, compared to its average volume of 5,364,520. The firm has a market cap of $153.20 billion, a P/E ratio of 31.24, a price-to-earnings-growth ratio of 3.07 and a beta of 0.89. 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 business has a 50 day moving average price of $127.79 and a two-hundred day moving average price of $125.71. The TJX Companies, Inc. has a 1 year low of $111.22 and a 1 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 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.09. The company had revenue of $14.40 billion during the quarter, compared to analyst estimates of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. TJX Companies's revenue for the quarter was up 6.9% on a year-over-year basis. During the same period in the prior year, the business posted $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. On average, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, August 14th. 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%.

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 shares were sold at an average price of $128.09, for a total transaction of $121,685.50. Following the transaction, the director owned 22,712 shares in the company, 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 hyperlink. 0.13% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price objective on TJX Companies from $145.00 to $148.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd. BMO Capital Markets reaffirmed an "outperform" rating on shares of TJX Companies in a research note on Wednesday, May 21st. Macquarie reissued a "buy" rating on shares of TJX Companies in a research note on Monday, August 11th. Finally, TD Securities increased their price target on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a report on Tuesday, May 20th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $147.58.

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.