The TJX Companies, Inc. $TJX Shares Sold by Private Trust Co. NA

Key Points

• Private Trust Co. NA reduced its shares in TJX Companies by 10.7%, now holding 16,803 shares worth approximately $2.1 million after selling 2,020 shares during the second quarter.
• TJX Companies reported earnings of $1.10 per share, exceeding analyst expectations, with revenue increasing by 6.9% year-over-year, totaling $14.4 billion for the quarter.
• The company announced a quarterly dividend of $0.425 per share, with a yield of 1.2%, to be paid on December 4th to shareholders on record as of November 13th.

Private Trust Co. NA cut its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 10.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,803 shares of the apparel and home fashions retailer's stock after selling 2,020 shares during the quarter. Private Trust Co. NA's holdings in TJX Companies were worth $2,075,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TJX. TCTC Holdings LLC increased 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 last quarter. Atlantic Edge Private Wealth Management LLC increased its stake in TJX Companies by 58.8% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after acquiring an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC increased its stake in TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after acquiring an additional 149 shares during the last quarter. Inlight Wealth Management LLC acquired a new stake in TJX Companies during the first quarter worth about $37,000. Finally, Activest Wealth Management increased its stake in TJX Companies by 4,485.7% during the first 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 currently owned by institutional investors and hedge funds.

TJX Companies Trading Down 1.9%

Shares of TJX opened at $142.42 on Friday. The TJX Companies, Inc. has a one year low of $111.73 and a one year high of $146.46. The stock has a 50-day moving average price of $139.08 and a 200 day moving average price of $130.74. 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 capitalization of $158.50 billion, a P/E ratio of 32.44, a P/E/G ratio of 3.22 and a beta of 0.92.

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 for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The firm had revenue of $14.40 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter last year, the firm earned $0.96 EPS. TJX Companies's quarterly 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. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

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

Analyst Upgrades and Downgrades

TJX has been the subject of several research analyst reports. Citigroup upped their price target on TJX Companies from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $155.00 target price (up previously from $150.00) on shares of TJX Companies in a research report on Wednesday, August 20th. UBS Group upped 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. Macquarie reaffirmed a "buy" rating on shares of TJX Companies in a research report on Monday, August 11th. Finally, BTIG Research initiated coverage on TJX Companies in a research report on Tuesday. They issued a "buy" rating and a $165.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, TJX Companies currently has an average rating of "Buy" and an average target price of $148.50.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.