The TJX Companies, Inc. $TJX Shares Acquired by Smith Salley Wealth Management

Key Points

• Smith Salley Wealth Management has increased its stake in TJX Companies by 2.9%, now holding 273,633 shares valued at approximately $33.79 million.
• Several research firms have raised their price targets for TJX, with Bank of America increasing its projection from $145 to $150, reflecting strong confidence in the company's performance.
• TJX Companies reported a quarterly EPS of $1.10, exceeding estimates, and announced a quarterly dividend of $0.425 to be paid on December 4th.

Smith Salley Wealth Management grew its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 273,633 shares of the apparel and home fashions retailer's stock after purchasing an additional 7,700 shares during the period. TJX Companies accounts for 2.0% of Smith Salley Wealth Management's portfolio, making the stock its 10th biggest position. Smith Salley Wealth Management's holdings in TJX Companies were worth $33,791,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. TCTC Holdings LLC lifted its position 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 worth $26,000 after buying an additional 145 shares in the last quarter. Atlantic Edge Private Wealth Management LLC raised its position in TJX Companies by 58.8% in 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 during the last quarter. Iron Horse Wealth Management LLC boosted its stake in TJX Companies by 99.3% in the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after purchasing an additional 149 shares during the period. Inlight Wealth Management LLC purchased a new position in TJX Companies in the 1st quarter worth approximately $37,000. Finally, Activest Wealth Management boosted its holdings in 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 worth $39,000 after acquiring an additional 314 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TJX. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $155.00 price objective (up from $150.00) on shares of TJX Companies in a research note on Wednesday, August 20th. Bank of America lifted their price objective on TJX Companies from $145.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, August 21st. JPMorgan Chase & Co. lifted their price objective on TJX Companies from $145.00 to $148.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Wells Fargo & Company increased their price objective 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. Finally, Erste Group Bank began coverage on TJX Companies in a research report on Friday, September 5th. They issued a "buy" rating on the stock. 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 company presently has a consensus rating of "Buy" and a consensus target price of $147.58.

TJX Companies Stock Up 1.2%

TJX opened at $143.09 on Friday. The TJX Companies, Inc. has a 1-year low of $111.22 and a 1-year high of $145.58. The company has a market capitalization of $159.25 billion, a PE ratio of 32.60, a PEG ratio of 3.22 and a beta of 0.90. The firm's 50 day simple moving average is $134.77 and its two-hundred day simple moving average is $128.39. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32.

TJX Companies (NYSE:TJX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping the consensus estimate of $1.01 by $0.09. The firm had revenue of $14.40 billion during the quarter, compared to analyst estimates of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. TJX Companies's revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business 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 forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

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 given a $0.425 dividend. 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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