The TJX Companies, Inc. $TJX Shares Acquired by PineStone Asset Management Inc.

Key Points

• PineStone Asset Management Inc. increased its stake in The TJX Companies by 3.7%, owning 4.69 million shares valued at $579.2 million, making it the 9th largest position in its portfolio.
• TJX Companies reported earnings of $1.10 per share, exceeding estimates, with a revenue of $14.40 billion for the quarter, reflecting a 6.9% year-over-year increase.
• The company announced a quarterly dividend of $0.425 per share, resulting in an annualized yield of 1.2%, with the ex-dividend date set for November 13th.

PineStone Asset Management Inc. boosted its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,690,373 shares of the apparel and home fashions retailer's stock after acquiring an additional 167,035 shares during the period. TJX Companies accounts for 3.7% of PineStone Asset Management Inc.'s portfolio, making the stock its 9th largest position. PineStone Asset Management Inc. owned approximately 0.42% of TJX Companies worth $579,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in TJX. Brighton Jones LLC raised its stake 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 valued at $1,817,000 after purchasing an additional 8,002 shares in the last quarter. Revolve Wealth Partners LLC grew its stake 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 worth $262,000 after purchasing an additional 235 shares in the last quarter. Bison Wealth LLC increased 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 buying an additional 955 shares during the last quarter. Wood Tarver Financial Group LLC bought a new stake in TJX Companies in the fourth quarter valued at about $67,000. Finally, Wealthedge Investment Advisors LLC acquired a new stake in TJX Companies during the fourth quarter valued at approximately $272,000. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

Shares of TJX opened at $141.46 on Friday. The firm has a fifty day moving average of $134.36 and a 200-day moving average of $128.11. The company has a market cap of $157.43 billion, a price-to-earnings ratio of 32.22, a price-to-earnings-growth ratio of 3.16 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17. The TJX Companies, Inc. has a 1 year low of $111.22 and a 1 year high of $145.58.

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, beating the consensus estimate of $1.01 by $0.09. The firm had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. TJX Companies's quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the firm posted $0.96 EPS. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. As a group, equities analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies's dividend payout ratio is 38.72%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TJX. Macquarie reiterated a "buy" rating on shares of TJX Companies in a research report on Monday, August 11th. Bank of America raised their price objective on TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. Citigroup increased their target price on shares of TJX Companies from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Finally, Evercore ISI raised their price target on shares of TJX Companies from $150.00 to $162.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, TJX Companies currently has a consensus rating of "Buy" and an average target price of $147.58.

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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