The TJX Companies, Inc. $TJX Stake Reduced by Congress Asset Management Co.

Key Points

• TJX Companies reported a strong earnings performance, beating consensus estimates with $1.10 EPS for the last quarter and generating $14.40 billion in revenue.
• The company announced a quarterly dividend of $0.425 per share, with a 1.2% yield and a payout ratio of 38.72%.

Congress Asset Management Co. cut its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,221,560 shares of the apparel and home fashions retailer's stock after selling 9,292 shares during the quarter. TJX Companies comprises about 1.0% of Congress Asset Management Co.'s investment portfolio, making the stock its 22nd biggest holding. Congress Asset Management Co. owned 0.11% of TJX Companies worth $150,850,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. 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. Ameriprise Financial Inc. raised its position in TJX Companies by 0.3% in the first quarter. Ameriprise Financial Inc. now owns 13,068,312 shares of the apparel and home fashions retailer's stock worth $1,591,758,000 after acquiring an additional 35,800 shares in the last quarter. Amundi raised its position in 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 worth $1,489,305,000 after acquiring an additional 1,104,292 shares in the last quarter. Nuveen LLC bought a new stake in TJX Companies in the first quarter worth about $1,330,717,000. Finally, Invesco Ltd. raised its position in TJX Companies by 2.8% in the first quarter. Invesco Ltd. now owns 9,000,600 shares of the apparel and home fashions retailer's stock worth $1,096,273,000 after acquiring an additional 247,579 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Trading Up 0.7%

NYSE:TJX opened at $141.46 on Friday. 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 stock's 50-day moving average is $134.36 and its two-hundred day moving average is $128.11. The stock has a market cap of $157.43 billion, a PE ratio of 32.22, a price-to-earnings-growth ratio of 3.16 and a beta of 0.90.

TJX Companies (NYSE:TJX - Get Free Report) last released its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, beating 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 analysts' expectations of $14.12 billion. During the same quarter in the previous year, the business posted $0.96 EPS. The business's revenue for the quarter 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. As a group, equities research analysts forecast that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies's payout ratio is 38.72%.

Wall Street Analyst Weigh In

TJX has been the topic of several research reports. Macquarie reiterated a "buy" rating on shares of TJX Companies in a research report on Monday, August 11th. Barclays lifted their price target on TJX Companies from $147.00 to $155.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Morgan Stanley lifted their price target on TJX Companies from $140.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Bank of America lifted their price target on TJX Companies from $145.00 to $150.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Finally, Evercore ISI lifted their price target on TJX Companies from $150.00 to $162.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. One equities research 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. According to MarketBeat, TJX Companies currently has a consensus rating of "Buy" and a consensus target price of $147.58.

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.

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