The TJX Companies, Inc. $TJX Shares Purchased by Envestnet Portfolio Solutions Inc.

Key Points

• Envestnet Portfolio Solutions Inc. increased its holdings in TJX Companies by 14.1% in Q2, now owning approximately 124,744 shares valued at $15.4 million.
• TJX reported an EPS of $1.10 for the last quarter, surpassing estimates and showing a revenue of $14.4 billion, which is up 6.9% year-over-year.
• The company declared a quarterly dividend of $0.425, with a yield of 1.2%, set to be paid on December 4th to shareholders of record by November 13th.

Envestnet Portfolio Solutions Inc. lifted its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 14.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 124,744 shares of the apparel and home fashions retailer's stock after purchasing an additional 15,432 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in TJX Companies were worth $15,405,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Clear Creek Financial Management LLC grew its holdings in shares of TJX Companies by 1.8% in the first quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer's stock valued at $586,000 after purchasing an additional 83 shares in the last quarter. Knuff & Co LLC lifted its position in shares of TJX Companies by 8.5% during the 1st quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer's stock worth $129,000 after buying an additional 83 shares during the last quarter. 3Chopt Investment Partners LLC lifted its position in shares of TJX Companies by 1.6% during the 2nd quarter. 3Chopt Investment Partners LLC now owns 5,239 shares of the apparel and home fashions retailer's stock worth $647,000 after buying an additional 83 shares during the last quarter. McLean Asset Management Corp lifted its position in shares of TJX Companies by 3.2% during the 2nd quarter. McLean Asset Management Corp now owns 2,746 shares of the apparel and home fashions retailer's stock worth $344,000 after buying an additional 84 shares during the last quarter. Finally, NBC Securities Inc. lifted its position in shares of TJX Companies by 0.6% during the 2nd 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.

TJX Companies Stock Performance

Shares of TJX opened at $141.38 on Tuesday. 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 stock has a market capitalization of $157.35 billion, a P/E ratio of 32.20, a P/E/G ratio of 3.12 and a beta of 0.92. The company's fifty day moving average is $138.31 and its two-hundred day moving average is $130.40. The TJX Companies, Inc. has a 1 year low of $111.73 and a 1 year high of $145.58.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.09. The company had revenue of $14.40 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the company 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. On average, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be paid 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 payout ratio is currently 38.72%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on TJX shares. Morgan Stanley boosted their price objective on shares of TJX Companies from $140.00 to $150.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. UBS Group upped their price target on shares of TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Citigroup upped their price target on shares of TJX Companies from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Evercore ISI upped their price target on shares of TJX Companies from $150.00 to $162.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Finally, Robert W. Baird upped their price target on shares of TJX Companies from $143.00 to $152.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $147.63.

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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