The TJX Companies, Inc. $TJX is Raab & Moskowitz Asset Management LLC's 7th Largest Position

Key Points

• Raab & Moskowitz Asset Management LLC decreased its stake in TJX Companies by 2.6%, holding 103,136 shares valued at approximately $12.56 million, making it the firm's 7th largest position.
• Multiple institutional investors, including TCTC Holdings LLC and Activest Wealth Management, significantly increased their holdings in TJX, showcasing growing investor interest in the company.
• Despite a 1.2% drop in stock price, TJX reported better-than-expected earnings, with $1.10 EPS against a consensus estimate of $1.01, and a revenue of $14.40 billion for the last quarter.

Raab & Moskowitz Asset Management LLC reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,136 shares of the apparel and home fashions retailer's stock after selling 2,781 shares during the quarter. TJX Companies comprises approximately 3.2% of Raab & Moskowitz Asset Management LLC's holdings, making the stock its 7th largest position. Raab & Moskowitz Asset Management LLC's holdings in TJX Companies were worth $12,562,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. TCTC Holdings LLC grew its holdings in TJX Companies by 210.1% during the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after buying an additional 145 shares in the last quarter. Atlantic Edge Private Wealth Management LLC grew its holdings in TJX Companies by 58.8% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock valued at $36,000 after buying an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC grew its holdings in shares of TJX Companies by 99.3% in the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after purchasing an additional 149 shares in the last quarter. Inlight Wealth Management LLC purchased a new position in shares of TJX Companies in the first quarter valued at $37,000. Finally, Activest Wealth Management grew its holdings in shares of TJX Companies by 4,485.7% in the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock valued at $39,000 after purchasing an additional 314 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on TJX shares. Macquarie reissued a "buy" rating on shares of TJX Companies in a report on Monday, August 11th. Citigroup raised their target price on shares of TJX Companies from $140.00 to $160.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Telsey Advisory Group reissued an "outperform" rating and issued a $155.00 target price (up from $150.00) on shares of TJX Companies in a report on Wednesday, August 20th. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. Finally, Erste Group Bank started coverage on shares of TJX Companies in a report on Friday. They issued a "buy" rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $147.58.

TJX Companies Stock Down 1.2%

Shares of TJX opened at $139.30 on Friday. The company has a market cap of $155.03 billion, a PE ratio of 31.73, a P/E/G ratio of 3.13 and a beta of 0.90. The business has a fifty day moving average of $129.89 and a 200 day moving average of $126.39. The TJX Companies, Inc. has a 52-week low of $111.22 and a 52-week high of $145.58. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) 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 the consensus estimate of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.TJX Companies's revenue was up 6.9% on a year-over-year basis. During the same period last year, the company 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. On average, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th were given 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 was Thursday, August 14th. TJX Companies's dividend payout ratio (DPR) is 38.72%.

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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