Wealth Enhancement Advisory Services LLC Has $118.06 Million Stake in The TJX Companies, Inc. $TJX

Key Points

• Wealth Enhancement Advisory Services LLC reduced its stake in The TJX Companies, Inc. by 0.5%, now owning approximately 938,040 shares worth around $118 million.
• TJX Companies reported $1.10 EPS for the last quarter, exceeding estimates and showing a revenue increase of 6.9% year-over-year.
• Analysts have raised their price targets for TJX Companies, with a consensus target price now at $147.58, indicating a strong buy recommendation.

Wealth Enhancement Advisory Services LLC decreased its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 938,040 shares of the apparel and home fashions retailer's stock after selling 5,096 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.08% of TJX Companies worth $118,062,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Nuveen LLC bought a new position in shares of TJX Companies in the first quarter valued at approximately $1,330,717,000. GAMMA Investing LLC raised its position 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 purchasing an additional 2,892,151 shares during the period. Assenagon Asset Management S.A. raised its position in shares of TJX Companies by 65.8% in the first quarter. Assenagon Asset Management S.A. now owns 3,282,351 shares of the apparel and home fashions retailer's stock valued at $399,790,000 after purchasing an additional 1,302,845 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of TJX Companies in the fourth quarter valued at approximately $136,753,000. Finally, Amundi raised its position in shares of TJX Companies by 10.2% in the first quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer's stock valued at $1,489,305,000 after purchasing an additional 1,104,292 shares during the period. Institutional investors own 91.09% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on TJX. Robert W. Baird lifted their price target on shares of TJX Companies from $143.00 to $152.00 and gave the company an "outperform" rating in a research report on Thursday, August 21st. Barclays increased their price objective on TJX Companies from $147.00 to $155.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. JPMorgan Chase & Co. increased their price objective on TJX Companies from $145.00 to $148.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Bank of America increased their price objective on TJX Companies from $145.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. Finally, Erste Group Bank began coverage on TJX Companies in a research report on Friday, September 5th. They issued a "buy" rating for the company. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, TJX Companies presently has a consensus rating of "Buy" and an average price target of $147.58.

TJX Companies Price Performance

Shares of NYSE:TJX traded down $0.32 during midday trading on Friday, reaching $139.61. The company's stock had a trading volume of 7,503,417 shares, compared to its average volume of 4,569,886. The business's fifty day simple moving average is $132.91 and its 200-day simple moving average is $127.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52. The TJX Companies, Inc. has a fifty-two week low of $111.22 and a fifty-two week high of $145.58. The company has a market capitalization of $155.38 billion, a P/E ratio of 31.80, a P/E/G ratio of 3.14 and a beta of 0.90.

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 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.09. The firm had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The company's revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders 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 dividend payout ratio is currently 38.72%.

TJX Companies 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.