Townsend & Associates Inc Sells 17,236 Shares of The TJX Companies, Inc. $TJX

Key Points

• Townsend & Associates Inc reduced its stake in The TJX Companies, Inc. by 13.4%, selling 17,236 shares in the second quarter, leaving them with 111,197 shares worth approximately $14.06 million.
• Analysts have given a consensus rating of "Buy" on TJX Companies, with price targets ranging from $150 to $165 after recent upgrades from firms like Citigroup and BTIG Research.
• The company recently announced a quarterly dividend of $0.425 per share, with an annualized yield of 1.2%, indicating a healthy return to shareholders.

Townsend & Associates Inc lowered its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 13.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 111,197 shares of the apparel and home fashions retailer's stock after selling 17,236 shares during the quarter. Townsend & Associates Inc's holdings in TJX Companies were worth $14,060,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TJX. TCTC Holdings LLC grew its position in TJX Companies by 210.1% in the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after purchasing an additional 145 shares in the last quarter. Atlantic Edge Private Wealth Management LLC lifted its position in TJX Companies by 58.8% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer's stock worth $36,000 after buying an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC lifted its position 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 worth $36,000 after buying an additional 149 shares in the last quarter. Inlight Wealth Management LLC acquired a new position in shares of TJX Companies during the 1st quarter worth about $37,000. Finally, Activest Wealth Management boosted its stake in shares of TJX Companies by 4,485.7% during the 1st quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer's stock worth $39,000 after buying an additional 314 shares during the last quarter. 91.09% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TJX has been the topic of several analyst reports. BTIG Research assumed coverage on TJX Companies in a report on Tuesday, October 14th. They set a "buy" rating and a $165.00 target price on the stock. Erste Group Bank initiated coverage on TJX Companies in a research report on Friday, September 5th. They set a "buy" rating on the stock. Citigroup upped their price objective on TJX Companies from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Thursday, August 21st. Daiwa America raised TJX Companies to a "strong-buy" rating in a report on Tuesday, July 8th. Finally, Morgan Stanley boosted their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, TJX Companies has a consensus rating of "Buy" and a consensus price target of $148.50.

TJX Companies Price Performance

NYSE:TJX opened at $143.95 on Monday. The TJX Companies, Inc. has a 12-month low of $111.73 and a 12-month high of $146.46. The firm has a market capitalization of $160.21 billion, a price-to-earnings ratio of 32.79, a P/E/G ratio of 3.19 and a beta of 0.92. The stock's 50 day moving average price is $139.33 and its two-hundred day moving average price is $130.96. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32.

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 return on equity of 58.63% and a net margin of 8.59%.The business had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the firm earned $0.96 EPS. The firm's 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, analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be paid a dividend of $0.425 per share. 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 (DPR) is currently 38.72%.

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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