The TJX Companies, Inc. $TJX Position Decreased by Wendell David Associates Inc.

Key Points

• Wendell David Associates Inc. reduced its holdings in The TJX Companies by 2.0%, owning 380,601 shares valued at approximately $47 million, making TJX its 5th largest investment.
• Analysts have a consensus rating of "Buy" for TJX, with a price target of $148.50, supported by multiple research firms upgrading price objectives.
• The company recently declared a quarterly dividend of $0.425 per share, reflecting a 1.2% dividend yield and a payout ratio of 38.72%.

Wendell David Associates Inc. lowered its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 380,601 shares of the apparel and home fashions retailer's stock after selling 7,590 shares during the period. TJX Companies makes up 4.7% of Wendell David Associates Inc.'s investment portfolio, making the stock its 5th largest position. Wendell David Associates Inc.'s holdings in TJX Companies were worth $47,000,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Revolve Wealth Partners LLC raised its holdings in shares of TJX Companies by 3.3% in the 2nd quarter. Revolve Wealth Partners LLC now owns 2,453 shares of the apparel and home fashions retailer's stock valued at $303,000 after acquiring an additional 79 shares in the last quarter. Clear Creek Financial Management LLC raised its holdings in shares of TJX Companies by 1.8% during the 1st quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock valued at $586,000 after buying an additional 83 shares in the last quarter. Knuff & Co LLC raised its holdings in shares of TJX Companies by 8.5% during the 1st quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer's stock valued at $129,000 after buying an additional 83 shares in the last quarter. 3Chopt Investment Partners LLC raised its holdings in shares of TJX Companies by 1.6% during the 2nd quarter. 3Chopt Investment Partners LLC now owns 5,239 shares of the apparel and home fashions retailer's stock valued at $647,000 after buying an additional 83 shares in the last quarter. Finally, McLean Asset Management Corp raised its holdings in shares of TJX Companies by 3.2% during the 2nd quarter. McLean Asset Management Corp now owns 2,746 shares of the apparel and home fashions retailer's stock valued at $344,000 after buying an additional 84 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analyst Ratings Changes

TJX has been the topic of a number of research reports. Weiss Ratings reissued a "buy (b+)" rating on shares of TJX Companies in a report on Wednesday, October 8th. Barclays raised their price objective on TJX Companies from $147.00 to $155.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Macquarie reaffirmed a "buy" rating on shares of TJX Companies in a research note on Monday, August 11th. Erste Group Bank began coverage on TJX Companies in a research note on Friday, September 5th. They issued a "buy" rating on the stock. Finally, Wells Fargo & Company lifted their price target 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. One research 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 company. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $148.50.

TJX Companies Price Performance

Shares of TJX stock opened at $143.95 on Friday. The firm has a market cap of $160.21 billion, a P/E ratio of 32.79, a P/E/G ratio of 3.19 and a beta of 0.92. The TJX Companies, Inc. has a fifty-two week low of $111.73 and a fifty-two week high of $146.46. The business's 50 day moving average price is $139.33 and its 200-day moving average price is $130.93. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data 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. 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 for the quarter, compared to analyst estimates of $14.12 billion. During the same period last year, the company earned $0.96 EPS. The business's quarterly revenue was up 6.9% compared to the same quarter last year. 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 research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share 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 given a dividend of $0.425 per share. The ex-dividend date is Thursday, November 13th. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. TJX Companies's payout ratio is currently 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.

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