The TJX Companies, Inc. $TJX Shares Sold by TD Asset Management Inc

Key Points

• TD Asset Management Inc reduced its stake in TJX Companies by 1.4%, holding approximately 4,715,071 shares valued at $582,264,000 after selling 66,369 shares.
• Analysts have upgraded TJX's stock ratings, with a consensus rating of "Buy" and a target price of $147.63, following strong quarterly earnings that exceeded expectations.
• TJX Companies announced a quarterly dividend of $0.425 per share, with an upcoming payment date on December 4th, yielding 1.2% annually.

TD Asset Management Inc trimmed its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 1.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,715,071 shares of the apparel and home fashions retailer's stock after selling 66,369 shares during the period. TD Asset Management Inc owned approximately 0.42% of TJX Companies worth $582,264,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TJX. TCTC Holdings LLC increased its holdings 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 in the last quarter. Atlantic Edge Private Wealth Management LLC grew its stake in shares of 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 valued at $36,000 after acquiring an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC grew its stake in shares of 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 valued at $36,000 after acquiring an additional 149 shares in the last quarter. Inlight Wealth Management LLC acquired a new stake in shares of TJX Companies during the first quarter valued at about $37,000. Finally, Activest Wealth Management grew its stake in shares of 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 valued at $39,000 after acquiring an additional 314 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TJX shares. Daiwa America upgraded TJX Companies to a "strong-buy" rating in a research note on Tuesday, July 8th. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd. Macquarie reaffirmed a "buy" rating on shares of TJX Companies in a research report on Monday, August 11th. Barclays increased their price target on shares of TJX Companies from $147.00 to $155.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Finally, Erste Group Bank began coverage on shares of TJX Companies in a research report on Friday, September 5th. They set a "buy" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, TJX Companies currently has a consensus rating of "Buy" and a consensus target price of $147.63.

TJX Companies Stock Performance

Shares of NYSE TJX opened at $141.38 on Tuesday. 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 stock has a 50 day simple moving average of $138.31 and a 200-day simple moving average of $130.40. The company has a market cap of $157.35 billion, a PE ratio of 32.20, a P/E/G ratio of 3.12 and a beta of 0.92. The TJX Companies, Inc. has a 12-month low of $111.73 and a 12-month high of $145.58.

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 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 business had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The business'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. On average, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be issued a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.70 annualized dividend and a yield of 1.2%. TJX Companies's payout ratio is presently 38.72%.

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.

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