The TJX Companies, Inc. $TJX Shares Purchased by Cullen Frost Bankers Inc.

Key Points

• Cullen Frost Bankers Inc. increased its holdings in TJX Companies by 2.8% in the second quarter, owning 149,579 shares valued at approximately $18.47 million.
• Analysts have issued mostly positive ratings for TJX, with a consensus target price of $148.50, and one analyst rating it as a Strong Buy.
• The company announced a quarterly dividend of $0.425 per share, representing an annualized yield of 1.2%, to be paid on December 4th.

Cullen Frost Bankers Inc. boosted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 149,579 shares of the apparel and home fashions retailer's stock after acquiring an additional 4,109 shares during the period. Cullen Frost Bankers Inc.'s holdings in TJX Companies were worth $18,471,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TJX. TCTC Holdings LLC lifted its holdings in TJX Companies by 210.1% in the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after acquiring an additional 145 shares during the last quarter. Princeton Global Asset Management LLC acquired a new position in TJX Companies in the second quarter valued at approximately $28,000. Atlantic Edge Private Wealth Management LLC raised its position in TJX Companies by 58.8% in 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 purchasing an additional 110 shares during the period. Iron Horse Wealth Management LLC raised its position in 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 valued at $36,000 after purchasing an additional 149 shares during the period. Finally, Activest Wealth Management raised its position 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 valued at $39,000 after purchasing an additional 314 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on TJX shares. Erste Group Bank started coverage on TJX Companies in a research report on Friday, September 5th. They issued a "buy" rating on the stock. Weiss Ratings reissued a "buy (b+)" rating on shares of TJX Companies in a research report on Wednesday, October 8th. Evercore ISI boosted their target price on TJX Companies from $150.00 to $162.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Barclays boosted their target price on TJX Companies from $147.00 to $155.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Finally, JPMorgan Chase & Co. boosted their target price on TJX Companies from $148.00 to $149.00 and gave the company an "overweight" rating in a research report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, TJX Companies currently has an average rating of "Buy" and a consensus target price of $148.50.

TJX Companies Stock Up 0.4%

TJX Companies stock opened at $143.91 on Wednesday. The TJX Companies, Inc. has a twelve month low of $111.73 and a twelve month high of $146.46. The stock's fifty day simple moving average is $139.76 and its 200-day simple moving average is $131.20. 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 capitalization of $160.16 billion, a P/E ratio of 32.78, a P/E/G ratio of 3.18 and a beta of 0.92.

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 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.09. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The business had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the prior year, the company earned $0.96 earnings per share. The company's revenue was up 6.9% on a year-over-year basis. 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 expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently announced 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 annualized dividend 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%.

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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