CMH Wealth Management LLC Decreases Stock Position in The TJX Companies, Inc. $TJX

Key Points

• CMH Wealth Management LLC reduced its stake in TJX Companies by 3.2%, holding 78,048 shares valued at approximately $9.6 million as of the second quarter.
• Several analysts have upgraded their price targets for TJX, with Bank of America raising its target to $150.00 and Telsey Advisory Group increasing its target to $155.00, reflecting a consensus "Buy" rating.
• TJX Companies reported earnings of $1.10 per share for the last quarter, exceeding estimates, with revenues of $14.4 billion, marking a 6.9% increase from the previous year.

CMH Wealth Management LLC trimmed its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,048 shares of the apparel and home fashions retailer's stock after selling 2,567 shares during the quarter. TJX Companies comprises 2.2% of CMH Wealth Management LLC's portfolio, making the stock its 16th largest holding. CMH Wealth Management LLC's holdings in TJX Companies were worth $9,638,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of TJX. Nuveen LLC purchased a new stake in shares of TJX Companies during the first quarter valued at $1,330,717,000. GAMMA Investing LLC lifted its stake in TJX Companies by 14,486.1% in the 1st quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock worth $354,696,000 after acquiring an additional 2,892,151 shares in the last quarter. Assenagon Asset Management S.A. increased its position in TJX Companies by 65.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,282,351 shares of the apparel and home fashions retailer's stock worth $399,790,000 after purchasing an additional 1,302,845 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in TJX Companies in the 4th quarter worth about $136,753,000. Finally, Amundi raised its stake in shares of TJX Companies by 10.2% in the 1st quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer's stock valued at $1,489,305,000 after acquiring an additional 1,104,292 shares in the last quarter. Institutional investors own 91.09% of the company's stock.

TJX Companies Stock Performance

Shares of NYSE:TJX traded down $0.34 during trading on Monday, hitting $139.44. 3,683,147 shares of the company were exchanged, compared to its average volume of 5,308,948. The company has a market cap of $155.19 billion, a PE ratio of 31.76, a P/E/G ratio of 3.14 and a beta of 0.90. The stock has a 50 day moving average of $132.91 and a 200 day moving average of $127.63. The TJX Companies, Inc. has a 52-week low of $111.22 and a 52-week high of $145.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52.

TJX Companies (NYSE:TJX - Get Free Report) last issued 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 analysts' consensus estimates of $1.01 by $0.09. The company had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The firm's revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 earnings per share. 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 research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies's payout ratio is presently 38.72%.

Analyst Ratings Changes

Several research firms recently commented on TJX. UBS Group raised their target price on TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a research report on Thursday, August 21st. Barclays upped their price objective on TJX Companies from $147.00 to $155.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Daiwa Capital Markets assumed coverage on TJX Companies in a research report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price objective for the company. Evercore ISI boosted their price objective on shares of TJX Companies from $150.00 to $162.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. Finally, Morgan Stanley raised their price objective on TJX Companies from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average 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.