Wealth Enhancement Advisory Services LLC Sells 5,096 Shares of 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 cut its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in TJX. Nuveen LLC bought a new stake in shares of TJX Companies during the first quarter valued at approximately $1,330,717,000. GAMMA Investing LLC boosted its position in shares of TJX Companies by 14,486.1% during 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 in the last quarter. Assenagon Asset Management S.A. boosted its position 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 valued at $399,790,000 after purchasing an additional 1,302,845 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of TJX Companies during the fourth quarter valued at approximately $136,753,000. Finally, Amundi boosted its position 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 valued at $1,489,305,000 after purchasing an additional 1,104,292 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Performance

NYSE:TJX traded down $0.34 during mid-day trading on Monday, hitting $139.44. 3,683,147 shares of the company traded hands, compared to its average volume of 4,656,251. The stock's fifty day moving average price is $133.23 and its 200-day moving average price is $127.78. The TJX Companies, Inc. has a one year low of $111.22 and a one year high of $145.58. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The firm has a market cap of $155.19 billion, a price-to-earnings ratio of 31.76, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $14.40 billion during the quarter, compared to analyst estimates of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The business's quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.96 earnings per share. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. Research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal 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 given 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 currently 38.72%.

Analyst Ratings Changes

A number of research analysts have issued reports on TJX shares. Wells Fargo & Company lifted their price objective on TJX Companies from $120.00 to $130.00 and gave the company an "equal weight" rating in a research note on Thursday, August 21st. Daiwa Capital Markets started coverage on TJX Companies in a research note on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price objective for the company. Erste Group Bank started coverage on TJX Companies in a research note on Friday, September 5th. They set a "buy" rating for the company. Macquarie reiterated a "buy" rating on shares of TJX Companies in a research note on Monday, August 11th. Finally, Robert W. Baird boosted their price target on TJX Companies from $143.00 to $152.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus 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.