The TJX Companies, Inc. $TJX Shares Sold by State of Alaska Department of Revenue

Key Points

• The State of Alaska Department of Revenue reduced its stake in The TJX Companies by 3.4%, now holding 175,527 shares worth approximately $21.7 million.
• TJX Companies reported $1.10 EPS for its last quarter, surpassing analyst expectations and showing a 6.9% revenue increase year-over-year.
• The company announced a quarterly dividend of $0.425, which equates to an annualized dividend of $1.70 and reflects a payout ratio of 38.72%.

State of Alaska Department of Revenue decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 175,527 shares of the apparel and home fashions retailer's stock after selling 6,185 shares during the quarter. State of Alaska Department of Revenue's holdings in TJX Companies were worth $21,675,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Nuveen LLC purchased a new stake in TJX Companies during the first quarter worth about $1,330,717,000. GAMMA Investing LLC boosted its holdings in shares of TJX Companies by 14,486.1% in the first quarter. GAMMA Investing LLC now owns 2,912,116 shares of the apparel and home fashions retailer's stock valued at $354,696,000 after acquiring an additional 2,892,151 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of TJX Companies by 65.8% during the first 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 period. Amundi lifted its holdings in shares of TJX Companies by 10.2% during the first quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer's stock worth $1,489,305,000 after purchasing an additional 1,104,292 shares during the period. Finally, Vanguard Group Inc. raised its position in TJX Companies by 1.1% in the first quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer's stock worth $12,230,396,000 after acquiring an additional 1,099,129 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Stock Performance

TJX Companies stock opened at $143.09 on Friday. The stock's 50 day moving average price is $134.77 and its 200 day moving average price is $128.30. The firm has a market capitalization of $159.25 billion, a PE ratio of 32.60, a price-to-earnings-growth ratio of 3.18 and a beta of 0.90. 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 TJX Companies, Inc. has a one year low of $111.22 and a one year high of $145.58.

TJX Companies (NYSE:TJX - Get Free Report) last posted 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 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 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. TJX Companies's revenue for the quarter 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. As a group, sell-side analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The company 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 $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies's payout ratio is 38.72%.

Wall Street Analyst Weigh In

TJX has been the subject of several research analyst reports. Daiwa Capital Markets initiated coverage on TJX Companies in a research report on Tuesday, July 8th. They issued an "outperform" rating and a $133.00 price objective for the company. Morgan Stanley raised their price target on TJX Companies from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Evercore ISI lifted their price objective on TJX Companies from $150.00 to $162.00 and gave the stock an "outperform" rating in a research report on Thursday, August 21st. Barclays lifted their price objective on TJX Companies from $147.00 to $155.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Finally, Citigroup raised 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. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, TJX Companies currently has a consensus rating of "Buy" and an average target price of $147.58.

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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