The TJX Companies, Inc. $TJX Shares Sold by Ascent Group LLC

Key Points

• Ascent Group LLC has reduced its stake in The TJX Companies, Inc. by 10.8%, now holding 70,997 shares valued at approximately $8.77 million.
• The TJX Companies, Inc. reported a quarterly EPS of $1.10, exceeding analyst expectations of $1.01, alongside a revenue increase of 6.9% year-over-year.
• Equity analysts have a consensus rating of "Buy" for TJX, with various price targets ranging from $130 to $172.

Ascent Group LLC trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 10.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,997 shares of the apparel and home fashions retailer's stock after selling 8,634 shares during the period. Ascent Group LLC's holdings in TJX Companies were worth $8,767,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in TJX. TCTC Holdings LLC boosted 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 purchasing an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC boosted its position in TJX Companies by 58.8% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after purchasing an additional 110 shares during the period. Iron Horse Wealth Management LLC boosted its position in TJX Companies by 99.3% during 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 stake in TJX Companies during the 1st quarter worth $37,000. Finally, Activest Wealth Management boosted its position in TJX Companies by 4,485.7% during the 1st quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock worth $39,000 after purchasing an additional 314 shares during the period. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

Shares of TJX stock opened at $141.30 on Friday. 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 TJX Companies, Inc. has a one year low of $111.22 and a one year high of $145.58. The company's 50-day simple moving average is $136.51 and its 200-day simple moving average is $129.30. The stock has a market capitalization of $157.26 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 3.21 and a beta of 0.92.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results 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. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The business had revenue of $14.40 billion for the quarter, compared to analysts' expectations of $14.12 billion. During the same quarter last year, the company posted $0.96 earnings per share. The company's quarterly 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 analysts anticipate 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. Shareholders of record on Thursday, November 13th will be issued 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 dividend payout ratio (DPR) is currently 38.72%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on TJX shares. UBS Group upped their price objective 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. Wells Fargo & Company upped their price objective on shares of TJX Companies from $120.00 to $130.00 and gave the company an "equal weight" rating in a research report on Thursday, August 21st. Morgan Stanley upped their price objective on shares of TJX Companies from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Telsey Advisory Group reiterated an "outperform" rating and set a $155.00 price objective (up from $150.00) on shares of TJX Companies in a research note on Wednesday, August 20th. Finally, Sanford C. Bernstein increased their price objective on shares of TJX Companies from $145.00 to $152.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, TJX Companies presently has a consensus rating of "Buy" and an average price target of $147.58.

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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