The TJX Companies, Inc. $TJX Holdings Decreased by Bank Pictet & Cie Europe AG

Key Points

• Bank Pictet & Cie Europe AG reduced its stake in The TJX Companies by 12.3%, holding 24,385 shares worth approximately $3.01 million as of the end of Q2.
• The TJX Companies reported a quarterly EPS of $1.10, surpassing analysts' estimates of $1.01, and achieved revenue of $14.40 billion for the quarter, up 6.9% year-over-year.
• The company declared a quarterly dividend of $0.425 per share, set to be paid on December 4th, with an annualized dividend yield of 1.2%.

Bank Pictet & Cie Europe AG lowered its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 12.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,385 shares of the apparel and home fashions retailer's stock after selling 3,412 shares during the quarter. Bank Pictet & Cie Europe AG's holdings in TJX Companies were worth $3,011,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Colton Groome Financial Advisors LLC raised its position in shares of TJX Companies by 30.2% during the 2nd quarter. Colton Groome Financial Advisors LLC now owns 5,125 shares of the apparel and home fashions retailer's stock worth $633,000 after buying an additional 1,188 shares in the last quarter. PineStone Asset Management Inc. increased its stake in shares of TJX Companies by 3.7% during the second quarter. PineStone Asset Management Inc. now owns 4,690,373 shares of the apparel and home fashions retailer's stock valued at $579,214,000 after acquiring an additional 167,035 shares during the period. Fortune Financial Advisors LLC increased its stake in shares of TJX Companies by 2.6% during the second quarter. Fortune Financial Advisors LLC now owns 10,796 shares of the apparel and home fashions retailer's stock valued at $1,333,000 after acquiring an additional 275 shares during the period. Perigon Wealth Management LLC lifted its position in TJX Companies by 5.1% in the second quarter. Perigon Wealth Management LLC now owns 15,684 shares of the apparel and home fashions retailer's stock worth $1,937,000 after purchasing an additional 754 shares during the period. Finally, Octavia Wealth Advisors LLC bought a new position in TJX Companies during the 2nd quarter valued at $205,000. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Trading Up 0.7%

NYSE:TJX opened at $141.46 on Friday. The stock has a market cap of $157.43 billion, a PE ratio of 32.22, a price-to-earnings-growth ratio of 3.16 and a beta of 0.90. The TJX Companies, Inc. has a fifty-two week low of $111.22 and a fifty-two week high of $145.58. 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 stock's 50-day moving average is $134.36 and its two-hundred day moving average is $128.11.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data 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 firm 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 firm's revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the firm 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. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share 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. Investors of record on Thursday, November 13th will be issued a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies's dividend payout ratio (DPR) is currently 38.72%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Wells Fargo & Company boosted their price objective on TJX Companies from $120.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 21st. Wall Street Zen upgraded shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd. Evercore ISI raised their price objective on shares of TJX Companies from $150.00 to $162.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. UBS Group lifted their price objective on shares of TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Finally, Erste Group Bank started coverage on shares of TJX Companies in a research note on Friday, September 5th. They set a "buy" rating for the company. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $147.58.

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.

Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The TJX Companies, Inc. (NYSE:TJX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.