The TJX Companies, Inc. $TJX Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments Holdings LLC decreased its stake in The TJX Companies by 2.8%, holding a total of 291,222 shares valued at approximately $36.4 million after selling 8,270 shares in Q2.
• Research analysts have primarily issued buy ratings for TJX, with target price upgrades from several firms, including UBS Group, which increased its target price to $172.00.
• The TJX Companies announced a quarterly dividend of $0.425 per share, payable on December 4th, representing an annualized payout of $1.70 and a yield of 1.2%.

Allspring Global Investments Holdings LLC decreased its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 291,222 shares of the apparel and home fashions retailer's stock after selling 8,270 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in TJX Companies were worth $36,449,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Clear Creek Financial Management LLC lifted its stake in shares of TJX Companies by 1.8% in the 1st 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 during the last quarter. Knuff & Co LLC lifted its stake in shares of TJX Companies by 8.5% in the 1st quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer's stock valued at $129,000 after purchasing an additional 83 shares during the last quarter. 3Chopt Investment Partners LLC lifted its stake in shares of TJX Companies by 1.6% in the 2nd quarter. 3Chopt Investment Partners LLC now owns 5,239 shares of the apparel and home fashions retailer's stock valued at $647,000 after purchasing an additional 83 shares during the last quarter. McLean Asset Management Corp lifted its position in 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 acquiring an additional 84 shares during the last quarter. Finally, NBC Securities Inc. lifted its position in 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 acquiring an additional 86 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on TJX shares. Robert W. Baird boosted their target price on shares of TJX Companies from $143.00 to $152.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Evercore ISI boosted their target price 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. Telsey Advisory Group reissued an "outperform" rating and set a $155.00 target price (up previously from $150.00) on shares of TJX Companies in a research report on Wednesday, August 20th. UBS Group boosted their target price on shares of TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Finally, BTIG Research started coverage on shares of TJX Companies in a research report on Tuesday. They set 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 issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $148.50.

TJX Companies Stock Performance

NYSE:TJX opened at $145.00 on Thursday. The firm's 50-day moving average is $138.88 and its 200-day moving average is $130.60. The TJX Companies, Inc. has a 52-week low of $111.73 and a 52-week high of $146.46. 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 company has a market cap of $161.38 billion, a price-to-earnings ratio of 33.03, a PEG ratio of 3.20 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 (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.09. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The company had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. The business's revenue was up 6.9% compared to the same quarter last year. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

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 paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.70 dividend on an annualized basis and a yield of 1.2%. TJX Companies's payout ratio is presently 38.72%.

About TJX Companies

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.