Truist Financial Corp Buys 12,486 Shares of The TJX Companies, Inc. $TJX

Key Points

• Truist Financial Corp increased its stake in The TJX Companies, Inc. by 2.4%, owning a total of 533,855 shares worth approximately $65.9 million after acquiring 12,486 additional shares during the second quarter.
• In its most recent earnings report, TJX Companies reported earnings per share of $1.10, surpassing the consensus estimate of $1.01, with revenue of $14.40 billion for the quarter.
• The company recently announced a quarterly dividend of $0.425, which will be paid on December 4th, reflecting an annual dividend yield of 1.2%.

Truist Financial Corp raised its stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 533,855 shares of the apparel and home fashions retailer's stock after acquiring an additional 12,486 shares during the period. Truist Financial Corp's holdings in TJX Companies were worth $65,926,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Pinnacle Financial Partners Inc boosted its stake in TJX Companies by 2.2% in the first quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer's stock worth $46,989,000 after purchasing an additional 8,319 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in TJX Companies by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 181,712 shares of the apparel and home fashions retailer's stock worth $22,132,000 after purchasing an additional 3,125 shares in the last quarter. FCG Investment Co acquired a new position in TJX Companies in the first quarter worth $2,620,000. MinichMacGregor Wealth Management LLC acquired a new position in TJX Companies in the second quarter worth $5,045,000. Finally, Mainstream Capital Management LLC boosted its stake in TJX Companies by 4.3% in the first quarter. Mainstream Capital Management LLC now owns 12,450 shares of the apparel and home fashions retailer's stock worth $1,516,000 after purchasing an additional 515 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Trading Down 0.0%

NYSE:TJX opened at $144.49 on Thursday. 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 $135.88 and its two-hundred day moving average price is $128.93. 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 $160.80 billion, a price-to-earnings ratio of 32.91, a PEG ratio of 3.25 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Thursday, November 13th will be paid a $0.425 dividend. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.70 annualized dividend and a yield of 1.2%. TJX Companies's dividend payout ratio is presently 38.72%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TJX. Citigroup boosted 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. Wells Fargo & Company upped their price target on TJX Companies from $120.00 to $130.00 and gave the company an "equal weight" rating in a research note on Thursday, August 21st. Robert W. Baird upped their price target on TJX Companies from $143.00 to $152.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Sanford C. Bernstein upped their price target on TJX Companies from $145.00 to $152.00 and gave the company an "outperform" rating in a research note on Thursday, August 21st. Finally, Morgan Stanley upped their price target on TJX Companies from $140.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. One equities 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $147.58.

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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