Three Bridge Wealth Advisors LLC Invests $306,000 in The TJX Companies, Inc. $TJX

Key Points

• Three Bridge Wealth Advisors LLC acquired 2,476 shares of The TJX Companies, Inc. valued at approximately $306,000 during the second quarter, indicating increased institutional interest in the company.
• In recent analyst ratings, Morgan Stanley, Evercore ISI, and Bank of America have all raised their price targets on TJX Companies, reflecting a positive outlook on its stock performance.
• The company reported earnings of $1.10 per share for the last quarter, surpassing estimates, and declared a quarterly dividend of $0.425 per share, showcasing financial health and returning value to shareholders.

Three Bridge Wealth Advisors LLC acquired a new position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,476 shares of the apparel and home fashions retailer's stock, valued at approximately $306,000.

Other hedge funds also recently added to or reduced their stakes in the company. Merit Financial Group LLC raised its stake in shares of TJX Companies by 19.0% during the second quarter. Merit Financial Group LLC now owns 56,201 shares of the apparel and home fashions retailer's stock valued at $6,940,000 after purchasing an additional 8,980 shares in the last quarter. Simplicity Wealth LLC raised its stake in shares of TJX Companies by 74.5% during the second quarter. Simplicity Wealth LLC now owns 6,929 shares of the apparel and home fashions retailer's stock valued at $856,000 after purchasing an additional 2,958 shares in the last quarter. OLD National Bancorp IN grew its holdings in TJX Companies by 0.6% during the second quarter. OLD National Bancorp IN now owns 54,281 shares of the apparel and home fashions retailer's stock worth $6,703,000 after acquiring an additional 335 shares during the period. Capital City Trust Co. FL grew its holdings in TJX Companies by 6.6% during the second quarter. Capital City Trust Co. FL now owns 19,649 shares of the apparel and home fashions retailer's stock worth $2,426,000 after acquiring an additional 1,216 shares during the period. Finally, Sutton Place Investors LLC acquired a new position in TJX Companies during the second quarter worth about $609,000. 91.09% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. 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. 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. 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. Telsey Advisory Group reaffirmed an "outperform" rating and set a $155.00 target price (up previously from $150.00) on shares of TJX Companies in a research note on Wednesday, August 20th. Finally, Weiss Ratings reaffirmed a "buy (b+)" rating on shares of TJX Companies in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, TJX Companies presently has a consensus rating of "Buy" and a consensus price target of $147.58.

TJX Companies Trading Down 0.8%

NYSE:TJX opened at $141.30 on Friday. The TJX Companies, Inc. has a 1-year low of $111.22 and a 1-year high of $145.58. The business's 50-day moving average price is $136.51 and its two-hundred day moving average price is $129.38. 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 firm has a market capitalization of $157.26 billion, a price-to-earnings ratio of 32.19, a PEG ratio of 3.18 and a beta of 0.92.

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 firm had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the prior year, the firm posted $0.96 earnings per share. The company's quarterly revenue 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 expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. TJX Companies's dividend payout ratio (DPR) is currently 38.72%.

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.

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