Chesley Taft & Associates LLC Decreases Stock Holdings in The TJX Companies, Inc. $TJX

Key Points

• Chesley Taft & Associates LLC reduced its stake in TJX Companies by 5.9%, owning 39,304 shares valued at approximately $4.85 million after selling 2,449 shares in the second quarter.
• Several hedge funds increased their positions in TJX, with Activest Wealth Management significantly boosting its stake by 4,485.7% during the first quarter.
• Analysts have raised their price targets for TJX, with the consensus average price target now at $147.58 and a majority rating the stock as a "Buy."

Chesley Taft & Associates LLC reduced its stake in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 5.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,304 shares of the apparel and home fashions retailer's stock after selling 2,449 shares during the quarter. Chesley Taft & Associates LLC's holdings in TJX Companies were worth $4,854,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in TJX. Brighton Jones LLC boosted its stake in shares of TJX Companies by 113.7% during the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock valued at $1,817,000 after purchasing an additional 8,002 shares during the period. Revolve Wealth Partners LLC raised its holdings in shares of TJX Companies by 12.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock valued at $262,000 after acquiring an additional 235 shares in the last quarter. Bison Wealth LLC raised its holdings in shares of TJX Companies by 32.9% in the fourth quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer's stock valued at $466,000 after acquiring an additional 955 shares in the last quarter. Tidal Investments LLC raised its holdings in shares of TJX Companies by 31.3% in the fourth quarter. Tidal Investments LLC now owns 83,240 shares of the apparel and home fashions retailer's stock valued at $10,056,000 after acquiring an additional 19,837 shares in the last quarter. Finally, WBI Investments LLC raised its holdings in shares of TJX Companies by 74.2% in the fourth quarter. WBI Investments LLC now owns 7,855 shares of the apparel and home fashions retailer's stock valued at $949,000 after acquiring an additional 3,345 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Performance

TJX Companies stock traded down $0.32 during mid-day trading on Friday, hitting $139.61. The company had a trading volume of 7,503,417 shares, compared to its average volume of 4,569,886. 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 TJX Companies, Inc. has a 12-month low of $111.22 and a 12-month high of $145.58. The company's fifty day moving average is $132.91 and its 200-day moving average is $127.58. The company has a market capitalization of $155.38 billion, a price-to-earnings ratio of 31.80, a P/E/G ratio of 3.14 and a beta of 0.90.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data 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 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 firm posted $0.96 EPS. The business'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 research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be given a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies's dividend payout ratio is currently 38.72%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on TJX shares. Macquarie restated a "buy" rating on shares of TJX Companies in a report on Monday, August 11th. Daiwa America upgraded shares of TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. 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 report on Thursday, August 21st. Wells Fargo & Company boosted their target price on shares of TJX Companies from $120.00 to $130.00 and gave the stock an "equal weight" rating in a report on Thursday, August 21st. Finally, Daiwa Capital Markets initiated coverage on shares of TJX Companies in a report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $147.58.

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.