The TJX Companies, Inc. $TJX Shares Sold by Forte Capital LLC ADV

Key Points

• Forte Capital LLC ADV reduced its stake in TJX Companies by 1.9%, now holding 165,099 shares worth approximately $20.4 million, making it the fund's 11th largest holding.
• Analysts are optimistic about TJX, with a consensus rating of "Buy" and a price target of $147.58, driven by recent strong earnings results that surpassed estimates.
• The company announced a quarterly dividend of $0.425 per share, with a scheduled payment date of December 4th, reflecting a yield of 1.2%.

Forte Capital LLC ADV cut its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 165,099 shares of the apparel and home fashions retailer's stock after selling 3,173 shares during the quarter. TJX Companies accounts for about 2.2% of Forte Capital LLC ADV's investment portfolio, making the stock its 11th largest holding. Forte Capital LLC ADV's holdings in TJX Companies were worth $20,388,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. TCTC Holdings LLC raised its stake in TJX Companies by 210.1% during the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock worth $26,000 after acquiring an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of TJX Companies by 58.8% in 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 last quarter. 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 valued at $36,000 after purchasing an additional 149 shares during the period. Inlight Wealth Management LLC acquired a new stake in TJX Companies in the first quarter worth $37,000. Finally, Activest Wealth Management increased its position in TJX Companies by 4,485.7% in the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock worth $39,000 after buying an additional 314 shares during the period. Institutional investors own 91.09% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TJX shares. Daiwa Capital Markets began coverage on shares of TJX Companies in a report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price objective on the stock. Macquarie reaffirmed a "buy" rating on shares of TJX Companies in a report on Monday, August 11th. Telsey Advisory Group restated an "outperform" rating and issued a $155.00 target price (up from $150.00) on shares of TJX Companies in a research report on Wednesday, August 20th. UBS Group lifted their target price on TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Finally, Daiwa America raised TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. One investment 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $147.58.

TJX Companies Stock Down 0.2%

Shares of NYSE:TJX opened at $139.44 on Tuesday. 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 quick ratio of 0.52 and a current ratio of 1.17. The company has a market cap of $155.19 billion, a PE ratio of 31.76, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90. The firm has a 50 day simple moving average of $133.23 and a 200 day simple moving average of $127.78.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results 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. 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 period in the previous year, the business earned $0.96 EPS. The company's revenue was up 6.9% on a year-over-year basis. 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, research analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current 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 paid a dividend of $0.425 per share. 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 38.72%.

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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