Trivium Point Advisory LLC Reduces Stock Holdings in The TJX Companies, Inc. $TJX

Key Points

• Trivium Point Advisory LLC reduced its holdings in The TJX Companies, Inc. by 7.9%, leaving them with 21,351 shares valued at approximately $2.6 million.
• Several hedge funds made significant adjustments to their positions in TJX, with some increasing their holdings by over 200%.
• Analysts have largely rated TJX as a buy, with an average target price of $147.58 following recent upward revisions from major brokerages.

Trivium Point Advisory LLC lowered its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 7.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,351 shares of the apparel and home fashions retailer's stock after selling 1,839 shares during the quarter. Trivium Point Advisory LLC's holdings in TJX Companies were worth $2,637,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TJX. TCTC Holdings LLC grew its holdings in shares of 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 during the period. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of TJX Companies by 58.8% in 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 during the period. Iron Horse Wealth Management LLC grew its holdings in shares of TJX Companies by 99.3% in the first 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 period. Inlight Wealth Management LLC purchased a new stake in shares of TJX Companies in the first quarter valued at about $37,000. Finally, Activest Wealth Management grew 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 valued at $39,000 after purchasing an additional 314 shares during the period. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on TJX. Bank of America upped 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. Daiwa Capital Markets started coverage on shares of TJX Companies in a research note on Tuesday, July 8th. They set an "outperform" rating and a $133.00 target price for the company. Erste Group Bank started coverage on shares of TJX Companies in a research note on Friday, September 5th. They set a "buy" rating for the company. Wells Fargo & Company increased their target price on shares of TJX Companies from $120.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 21st. Finally, Barclays increased their target price on shares of TJX Companies from $147.00 to $155.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. One research 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. Based on data from MarketBeat, TJX Companies presently has an average rating of "Buy" and an average target price of $147.58.

TJX Companies Stock Up 0.3%

Shares of TJX opened at $143.45 on Tuesday. The stock has a market capitalization of $159.65 billion, a PE ratio of 32.68, a P/E/G ratio of 3.22 and a beta of 0.90. The TJX Companies, Inc. has a 1 year low of $111.22 and a 1 year high of $145.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17. The company's 50-day simple moving average is $135.15 and its 200-day simple moving average is $128.71.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.09. The business had revenue of $14.40 billion for the quarter, compared to analysts' expectations of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The business's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 earnings per share. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. 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 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. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies's dividend 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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