The TJX Companies, Inc. $TJX Shares Purchased by Ferguson Wellman Capital Management Inc.

Key Points

• Ferguson Wellman Capital Management Inc. has increased its stake in The TJX Companies by 2.0%, owning 625,943 shares worth approximately $77.3 million.
• Wells Fargo and several other analysts have recently updated their price targets for TJX shares, with consensus ratings showing strong confidence in the stock at a target price of $147.58.
• TJX Companies reported a quarterly earnings per share (EPS) of $1.10, exceeding analyst expectations, and announced a quarterly dividend of $0.425 per share, reflecting a yield of 1.2%.

Ferguson Wellman Capital Management Inc. grew its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 625,943 shares of the apparel and home fashions retailer's stock after purchasing an additional 12,268 shares during the period. TJX Companies comprises about 1.4% of Ferguson Wellman Capital Management Inc.'s investment portfolio, making the stock its 22nd biggest holding. Ferguson Wellman Capital Management Inc. owned 0.06% of TJX Companies worth $77,298,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of TJX. Brighton Jones LLC increased its holdings in shares of TJX Companies by 113.7% in the 4th 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 in the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of TJX Companies by 12.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock worth $262,000 after buying an additional 235 shares during the last quarter. Bison Wealth LLC boosted its stake in shares of TJX Companies by 32.9% in the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer's stock worth $466,000 after buying an additional 955 shares during the last quarter. Woodline Partners LP purchased a new position in shares of TJX Companies in the 4th quarter worth $8,183,000. Finally, Waverly Advisors LLC boosted its stake in shares of TJX Companies by 187.7% in the 4th quarter. Waverly Advisors LLC now owns 24,428 shares of the apparel and home fashions retailer's stock worth $2,951,000 after buying an additional 15,937 shares during the last quarter. Institutional investors own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TJX shares. Morgan Stanley raised their price target on TJX Companies from $140.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Bank of America raised their price target on TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Daiwa America upgraded TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. Erste Group Bank assumed coverage on TJX Companies in a research note on Friday, September 5th. They issued a "buy" rating on the stock. Finally, Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $147.58.

TJX Companies Trading Down 0.3%

Shares of NYSE TJX traded down $0.47 during trading hours on Monday, reaching $139.31. The stock had a trading volume of 1,254,469 shares, compared to its average volume of 5,295,218. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The firm has a market cap of $155.04 billion, a price-to-earnings ratio of 31.74, a P/E/G ratio of 3.14 and a beta of 0.90. The business's fifty day moving average price is $132.91 and its two-hundred day moving average price is $127.63. The TJX Companies, Inc. has a 52-week low of $111.22 and a 52-week 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 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 quarter in the prior year, the business 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. Analysts expect 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, December 4th. Shareholders of record on Thursday, November 13th will be issued a dividend of $0.425 per share. The ex-dividend date 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 currently 38.72%.

About TJX Companies

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.