Vantage Wealth Purchases Shares of 4,000 The TJX Companies, Inc. $TJX

Key Points

• Vantage Wealth acquired 4,000 shares of The TJX Companies, Inc., worth approximately $494,000, making it the fund's 27th largest position.
• Analysts have recently upgraded TJX's stock ratings, with Daiwa America giving it a "strong-buy" rating and Bank of America raising the price target to $150.00.
• The TJX Companies announced a quarterly dividend of $0.425 per share, with an annualized yield of 1.2%, set to be paid on December 4th.

Vantage Wealth purchased a new stake in The TJX Companies, Inc. (NYSE:TJX - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,000 shares of the apparel and home fashions retailer's stock, valued at approximately $494,000. TJX Companies accounts for approximately 0.1% of Vantage Wealth's portfolio, making the stock its 27th biggest position.

A number of other large investors also recently bought and sold shares of TJX. TCTC Holdings LLC lifted its holdings 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 acquiring an additional 145 shares during the period. Atlantic Edge Private Wealth Management LLC lifted its holdings in 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 acquiring an additional 110 shares during the period. Iron Horse Wealth Management LLC lifted its holdings in 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 acquiring an additional 149 shares during the period. Inlight Wealth Management LLC acquired a new position in TJX Companies in the first quarter valued at approximately $37,000. Finally, Activest Wealth Management lifted its holdings in 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 acquiring an additional 314 shares during the period. 91.09% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on TJX shares. Daiwa America upgraded TJX Companies to a "strong-buy" rating in a research report on Tuesday, July 8th. Macquarie reissued a "buy" rating on shares of TJX Companies in a research note on Monday, August 11th. Erste Group Bank initiated coverage on TJX Companies in a research note on Friday, September 5th. They set a "buy" rating on the stock. Bank of America upped their price target on TJX Companies from $145.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Finally, Sanford C. Bernstein increased their target price on TJX Companies from $145.00 to $152.00 and gave the stock an "outperform" rating in a research note on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, TJX Companies has a consensus rating of "Buy" and a consensus target price of $147.58.

TJX Companies Trading Down 0.2%

TJX opened at $139.61 on Friday. The TJX Companies, Inc. has a one year low of $111.22 and a one year high of $145.58. The company has a market cap of $155.38 billion, a P/E ratio of 31.80, a PEG ratio of 3.15 and a beta of 0.90. 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 business's 50-day simple moving average is $132.91 and its 200-day simple moving average is $127.55.

TJX Companies (NYSE:TJX - Get Free Report) last released its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, beating 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 the consensus estimate of $14.12 billion. During the same quarter in the prior year, the business posted $0.96 EPS. The business's revenue for the quarter 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. As a group, equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors 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 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 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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