EP Wealth Advisors LLC Purchases 15,730 Shares of The TJX Companies, Inc. $TJX

Key Points

• EP Wealth Advisors LLC increased its holdings in The TJX Companies, Inc. by 6.2% during Q1, now owning 268,884 shares valued at approximately $32.75 million.
• Analysts have raised their price targets for TJX Companies, with Wells Fargo setting it at $130 and Robert W. Baird increasing theirs to $152, reflecting a consensus rating of "Buy".
• The company reported a quarterly earnings per share of $1.10, beating expectations and increasing revenues by 6.9% year-over-year, alongside a dividend announcement of $0.425 per share.

EP Wealth Advisors LLC lifted its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 6.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 268,884 shares of the apparel and home fashions retailer's stock after buying an additional 15,730 shares during the period. EP Wealth Advisors LLC's holdings in TJX Companies were worth $32,750,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. TCTC Holdings LLC lifted its position in TJX Companies by 210.1% during the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock worth $26,000 after purchasing an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC raised its position in 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 purchasing an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC increased its stake in shares of TJX Companies by 99.3% in the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock valued at $36,000 after purchasing an additional 149 shares during the last quarter. Inlight Wealth Management LLC acquired a new stake in TJX Companies in the first quarter valued at about $37,000. Finally, Activest Wealth Management lifted its holdings in shares of TJX Companies by 4,485.7% in the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock worth $39,000 after acquiring an additional 314 shares during the last quarter. 91.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TJX has been the subject of several research analyst reports. Morgan Stanley upped their price target on shares of TJX Companies from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Evercore ISI boosted their target price 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. Daiwa Capital Markets assumed coverage on shares of TJX Companies in a research report on Tuesday, July 8th. They set an "outperform" rating and a $133.00 price objective for the company. Barclays boosted their price target on shares of TJX Companies from $147.00 to $155.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Finally, TD Securities increased their target price on shares of TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has given a Hold rating to the company. 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 TJX traded down $1.72 during midday trading on Friday, reaching $139.30. The stock had a trading volume of 6,735,796 shares, compared to its average volume of 5,354,435. The company has a market capitalization of $155.03 billion, a price-to-earnings ratio of 31.73, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90. 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 TJX Companies, Inc. has a 12-month low of $111.22 and a 12-month high of $145.58. The company's 50-day moving average is $129.57 and its 200 day moving average is $126.26.

TJX Companies (NYSE:TJX - Get Free Report) last posted its earnings results 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. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The company had revenue of $14.40 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the prior year, the business posted $0.96 earnings per share. TJX Companies'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. On average, equities analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 14th were given a $0.425 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.70 annualized dividend and a yield of 1.2%. TJX Companies's dividend payout ratio is 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.