The TJX Companies, Inc. $TJX is Birch Hill Investment Advisors LLC's 9th Largest Position

Key Points

• Birch Hill Investment Advisors LLC has reduced its holdings in The TJX Companies by 2.4%, making it the fund's 9th largest position, with a value of approximately $75.6 million.
• Several hedge funds, including Brighton Jones LLC and Bison Wealth LLC, significantly increased their stakes in TJX Companies, indicating a positive outlook among institutional investors.
• Analysts have set a generally positive sentiment towards TJX Companies, with a consensus rating of "buy" and an average price target of $148.50, reflecting confidence in the company's performance.

Birch Hill Investment Advisors LLC lowered its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 612,471 shares of the apparel and home fashions retailer's stock after selling 15,221 shares during the quarter. TJX Companies accounts for about 3.4% of Birch Hill Investment Advisors LLC's investment portfolio, making the stock its 9th biggest holding. Birch Hill Investment Advisors LLC owned 0.05% of TJX Companies worth $75,634,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of TJX. Brighton Jones LLC raised its stake in shares of TJX Companies by 113.7% in the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock worth $1,817,000 after purchasing an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in TJX Companies by 12.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after acquiring an additional 235 shares during the period. Bison Wealth LLC lifted its holdings in TJX Companies by 32.9% in the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer's stock valued at $466,000 after acquiring an additional 955 shares during the period. GAMMA Investing LLC boosted its position in TJX Companies by 19.8% in the first quarter. GAMMA Investing LLC now owns 23,909 shares of the apparel and home fashions retailer's stock worth $2,912,000 after purchasing an additional 3,944 shares during the last quarter. Finally, Continuum Advisory LLC boosted its position in TJX Companies by 25.3% in the first quarter. Continuum Advisory LLC now owns 6,635 shares of the apparel and home fashions retailer's stock worth $808,000 after purchasing an additional 1,340 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Macquarie restated a "buy" rating on shares of TJX Companies in a research note on Monday, August 11th. UBS Group boosted their price target on TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Wells Fargo & Company boosted their price target on TJX Companies from $120.00 to $130.00 and gave the company an "equal weight" rating in a research note on Thursday, August 21st. Daiwa Capital Markets assumed coverage on TJX Companies in a research note on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price target for the company. Finally, 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. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, TJX Companies has an average rating of "Buy" and an average price target of $148.50.

TJX Companies Stock Performance

Shares of TJX opened at $143.91 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The business has a 50-day simple moving average of $139.76 and a two-hundred day simple moving average of $131.20. The stock has a market cap of $160.16 billion, a price-to-earnings ratio of 32.78, a PEG ratio of 3.18 and a beta of 0.92. The TJX Companies, Inc. has a 52 week low of $111.73 and a 52 week high of $146.46.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.09. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The firm had revenue of $14.40 billion during the quarter, compared to analysts' expectations of $14.12 billion. During the same quarter last year, the business posted $0.96 earnings per share. The firm's 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. On average, analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be paid a dividend of $0.425 per share. 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 dividend payout ratio is presently 38.72%.

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.

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.