The TJX Companies, Inc. $TJX Stake Trimmed by Wallington Asset Management LLC

Wallington Asset Management LLC lowered its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 17.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 224,145 shares of the apparel and home fashions retailer's stock after selling 48,993 shares during the period. TJX Companies accounts for approximately 3.9% of Wallington Asset Management LLC's portfolio, making the stock its 6th biggest holding. Wallington Asset Management LLC's holdings in TJX Companies were worth $27,680,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of TJX Companies by 1.1% during the 1st 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 during the period. Ameriprise Financial Inc. raised its holdings in shares of TJX Companies by 0.3% during the 1st 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 during the period. Amundi raised its holdings in shares of TJX Companies by 10.2% during the 1st 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 during the period. Nuveen LLC purchased a new position in shares of TJX Companies during the 1st quarter worth $1,330,717,000. Finally, Invesco Ltd. raised its holdings in shares of TJX Companies by 2.8% during the 1st 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 during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on TJX shares. Robert W. Baird lifted their price target on TJX Companies from $143.00 to $152.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Sanford C. Bernstein boosted their price objective on shares of TJX Companies from $145.00 to $152.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Macquarie restated a "buy" rating on shares of TJX Companies in a report on Monday, August 11th. Evercore ISI boosted their price objective on shares of TJX Companies from $150.00 to $162.00 and gave the company an "outperform" rating in a report on Thursday, August 21st. Finally, Bank of America boosted their price objective on shares of TJX Companies from $145.00 to $150.00 and gave the company a "buy" rating in a report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, TJX Companies currently has a consensus rating of "Buy" and a consensus target price of $147.58.

TJX Companies Stock Performance

NYSE TJX opened at $141.30 on Friday. The company has a market cap of $157.26 billion, a P/E ratio of 32.19, a P/E/G ratio of 3.21 and a beta of 0.92. 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 stock has a 50-day moving average of $136.51 and a two-hundred day moving average of $129.30. The TJX Companies, Inc. has a 1-year low of $111.22 and a 1-year high of $145.58.

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. The company had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.TJX Companies's revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the company posted $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, analysts anticipate 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. Shareholders of record on Thursday, November 13th will be given a $0.425 dividend. 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 currently 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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