The TJX Companies, Inc. $TJX Shares Acquired by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC has increased its stake in The TJX Companies by 1.4%, owning 260,661 shares valued at approximately $32.19 million as of the latest quarter.
• Wall Street analysts have shown confidence in TJX, with a consensus rating of "Buy" and a price target of $147.58, following several upgrades to their target prices.
• The TJX Companies has declared a quarterly dividend of $0.425 per share, with an annualized yield of 1.2%, payable to stockholders on December 4th.

Janney Montgomery Scott LLC increased its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 260,661 shares of the apparel and home fashions retailer's stock after purchasing an additional 3,707 shares during the quarter. Janney Montgomery Scott LLC's holdings in TJX Companies were worth $32,189,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TJX. Clear Creek Financial Management LLC raised its stake in TJX Companies by 1.8% during the first quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock worth $586,000 after acquiring an additional 83 shares in the last quarter. Knuff & Co LLC increased its position in TJX Companies by 8.5% in the first quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer's stock worth $129,000 after purchasing an additional 83 shares during the period. McLean Asset Management Corp increased its position in TJX Companies by 3.2% in the second quarter. McLean Asset Management Corp now owns 2,746 shares of the apparel and home fashions retailer's stock worth $344,000 after purchasing an additional 84 shares during the period. Salem Investment Counselors Inc. increased its position in TJX Companies by 2.2% in the first quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer's stock worth $485,000 after purchasing an additional 86 shares during the period. Finally, NBC Securities Inc. boosted its holdings in TJX Companies by 0.6% during the second quarter. NBC Securities Inc. now owns 14,274 shares of the apparel and home fashions retailer's stock worth $1,762,000 after buying an additional 86 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

TJX has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their target price on TJX Companies from $120.00 to $130.00 and gave the stock an "equal weight" rating in a report on Thursday, August 21st. Wall Street Zen upgraded TJX Companies from a "hold" rating to a "buy" rating in a research note on Saturday, August 23rd. Macquarie reaffirmed a "buy" rating on shares of TJX Companies in a research report on Monday, August 11th. Bank of America boosted their price target on TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Finally, Sanford C. Bernstein boosted their target price on TJX Companies from $145.00 to $152.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. 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.com, the company has a consensus rating of "Buy" and a consensus price target of $147.58.

TJX Companies Price Performance

TJX Companies stock opened at $144.49 on Thursday. 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 company has a market capitalization of $160.80 billion, a PE ratio of 32.91, a P/E/G ratio of 3.25 and a beta of 0.92. The TJX Companies, Inc. has a 12 month low of $111.22 and a 12 month high of $145.58. The stock has a 50-day moving average price of $135.88 and a two-hundred day moving average price of $128.93.

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 EPS for the quarter, beating the consensus estimate of $1.01 by $0.09. The firm 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%.The business's quarterly 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. Analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. TJX Companies's dividend payout ratio is presently 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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