Tompkins Financial Corp Sells 3,491 Shares of The TJX Companies, Inc. $TJX

Key Points

• Tompkins Financial Corp decreased its stake in TJX Companies by 3.6% during Q2, now holding 94,384 shares worth $11.65 million, making it the company's 29th largest position.
• Several hedge funds have recently increased their holdings in TJX, with Activest Wealth Management notably raising its stake by 4,485.7% in Q1.
• TJX Companies reported a 6.9% revenue increase year-over-year for the last quarter, with earnings per share of $1.10, exceeding analysts' expectations.

Tompkins Financial Corp cut its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 94,384 shares of the apparel and home fashions retailer's stock after selling 3,491 shares during the period. TJX Companies makes up approximately 1.1% of Tompkins Financial Corp's holdings, making the stock its 29th biggest position. Tompkins Financial Corp's holdings in TJX Companies were worth $11,655,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. TCTC Holdings LLC boosted its stake 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 buying an additional 145 shares in the last quarter. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of 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 acquiring an additional 110 shares during the period. Iron Horse Wealth Management LLC lifted its holdings in TJX Companies by 99.3% during 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 position in shares of TJX Companies in the 1st quarter worth approximately $37,000. Finally, Activest Wealth Management grew its holdings in shares of TJX Companies by 4,485.7% during the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock worth $39,000 after purchasing an additional 314 shares during the last quarter. Institutional investors own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on TJX. Barclays increased their price objective on TJX Companies from $147.00 to $155.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Erste Group Bank initiated coverage on shares of TJX Companies in a research report on Friday, September 5th. They set a "buy" rating on the stock. Sanford C. Bernstein raised their target price on shares of TJX Companies from $145.00 to $152.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. UBS Group upped their price target on shares of TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a report on Thursday, August 21st. Finally, Loop Capital set a $150.00 price objective on shares of TJX Companies and gave the stock a "buy" rating in a research report on Thursday, May 22nd. 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 company. According to MarketBeat, TJX Companies currently has a consensus rating of "Buy" and an average price target of $147.58.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $139.85 on Thursday. The firm has a market capitalization of $155.64 billion, a P/E ratio of 31.86, a P/E/G ratio of 3.14 and a beta of 0.90. 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 company's 50 day moving average price is $132.27 and its two-hundred day moving average price is $127.31.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping 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 the consensus estimate of $14.12 billion. During the same period in the previous year, the business earned $0.96 EPS. The business's quarterly revenue was up 6.9% compared to the same quarter last year. 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 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. Investors of record on Thursday, November 13th will be issued 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 dividend payout ratio 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.