The TJX Companies, Inc. $TJX Shares Sold by NBT Bank N A NY

Key Points

• NBT Bank N A NY reduced its holdings in TJX Companies by 2.7% during the second quarter, owning 67,032 shares worth approximately $8.28 million.
• Several hedge funds have significantly increased their stakes, with Activest Wealth Management raising its stake by 4,485.7% in the first quarter.
• Analysts maintain a positive outlook on TJX Companies, with an average rating of "Buy" and a price target of $147.63, following a strong quarterly earnings report that surpassed expectations.

NBT Bank N A NY reduced its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 67,032 shares of the apparel and home fashions retailer's stock after selling 1,826 shares during the quarter. NBT Bank N A NY's holdings in TJX Companies were worth $8,278,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in TJX. TCTC Holdings LLC raised its stake in TJX Companies by 210.1% in the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after purchasing an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC raised its stake in 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 valued at $36,000 after purchasing an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC raised its stake in TJX Companies by 99.3% in 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 last quarter. Inlight Wealth Management LLC acquired a new stake in shares of TJX Companies in the 1st quarter worth $37,000. Finally, Activest Wealth Management increased its stake in shares of TJX Companies by 4,485.7% in the 1st quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock worth $39,000 after acquiring an additional 314 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TJX. Erste Group Bank began coverage on TJX Companies in a research note on Friday, September 5th. They issued a "buy" rating for the company. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $155.00 target price (up from $150.00) on shares of TJX Companies in a research note on Wednesday, August 20th. Daiwa America raised TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. JPMorgan Chase & Co. raised their target price on TJX Companies from $148.00 to $149.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, Barclays raised their target price on TJX Companies from $147.00 to $155.00 and gave the stock an "overweight" 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $147.63.

TJX Companies Stock Performance

NYSE TJX opened at $142.70 on Wednesday. The stock has a market cap of $158.81 billion, a PE ratio of 32.51, a P/E/G ratio of 3.22 and a beta of 0.92. 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 twelve month low of $111.73 and a twelve month high of $145.58. The stock has a fifty day simple moving average of $137.20 and a 200-day simple moving average of $129.75.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, topping analysts' consensus estimates of $1.01 by $0.09. The business had revenue of $14.40 billion during the quarter, compared to analysts' expectations of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The company's revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.96 EPS. 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 year.

TJX Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be issued a dividend of $0.425 per share. The ex-dividend date is Thursday, November 13th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. TJX Companies's dividend payout ratio is currently 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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