The TJX Companies, Inc. $TJX Shares Acquired by West Michigan Advisors LLC

Key Points

• West Michigan Advisors LLC increased its stake in The TJX Companies, Inc. by 67.3%, now owning 7,117 shares valued at approximately $879,000.
• TJX Companies reported a quarterly EPS of $1.10, exceeding analyst expectations of $1.01, with revenues reaching $14.40 billion.
• The company announced a quarterly dividend of $0.425 per share, with an annualized yield of 1.2%, to be paid on December 4th.

West Michigan Advisors LLC boosted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 67.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 7,117 shares of the apparel and home fashions retailer's stock after buying an additional 2,862 shares during the period. West Michigan Advisors LLC's holdings in TJX Companies were worth $879,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. TCTC Holdings LLC raised its holdings in shares of 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 valued at $26,000 after buying an additional 145 shares during the period. Princeton Global Asset Management LLC acquired a new stake in TJX Companies during the 2nd quarter valued at $28,000. Atlantic Edge Private Wealth Management LLC grew its stake in shares of TJX Companies by 58.8% during the first 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 acquiring an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC lifted its stake in shares of TJX Companies by 99.3% in the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after acquiring an additional 149 shares in the last quarter. Finally, Activest Wealth Management raised its position in shares of TJX Companies by 4,485.7% in the 1st quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock valued at $39,000 after purchasing an additional 314 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Stock Down 0.5%

TJX stock opened at $142.31 on Friday. The firm's 50-day moving average is $140.12 and its two-hundred day moving average is $131.44. The company has a market capitalization of $158.38 billion, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 3.18 and a beta of 0.92. The TJX Companies, Inc. has a 52 week low of $111.73 and a 52 week high of $146.46. 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, beating analysts' consensus estimates of $1.01 by $0.09. The business had revenue of $14.40 billion for 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%. The business's revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last 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. On average, analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders 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 dividend payout ratio (DPR) is 38.72%.

Wall Street Analyst Weigh In

TJX has been the topic of a number of research analyst reports. Citigroup increased their price objective on shares of TJX Companies from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Robert W. Baird upped their price target on TJX Companies from $143.00 to $152.00 and gave the company an "outperform" rating in a research report 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. UBS Group raised their target price on shares of TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. Finally, BTIG Research started coverage on shares of TJX Companies in a research report on Tuesday, October 14th. They issued a "buy" rating and a $165.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $148.50.

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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