Vest Financial LLC Has $1.72 Million Position in The TJX Companies, Inc. $TJX

Key Points

• Vest Financial LLC increased its stake in The TJX Companies, Inc. by 35.3% during the second quarter, now holding shares worth approximately $1.72 million.
• The company reported $1.10 earnings per share (EPS) in its latest earnings release, exceeding expectations, with quarterly revenue reaching $14.40 billion.
• TJX Companies announced a quarterly dividend of $0.425 to be paid on December 4th, which represents an annualized dividend yield of 1.2%.

Vest Financial LLC boosted its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 35.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,923 shares of the apparel and home fashions retailer's stock after purchasing an additional 3,634 shares during the period. Vest Financial LLC's holdings in TJX Companies were worth $1,719,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Pinnacle Financial Partners Inc increased its stake in shares of 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 valued at $46,989,000 after buying an additional 8,319 shares during the period. State of Alaska Department of Revenue increased its stake in shares of 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 valued at $22,132,000 after buying an additional 3,125 shares during the period. FCG Investment Co acquired a new stake in shares of TJX Companies in the first quarter valued at about $2,620,000. MinichMacGregor Wealth Management LLC acquired a new stake in shares of TJX Companies in the second quarter valued at about $5,045,000. Finally, Mainstream Capital Management LLC increased its stake in shares of 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 valued at $1,516,000 after buying an additional 515 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

TJX Companies Stock Up 1.9%

Shares of NYSE:TJX opened at $144.10 on Wednesday. The business's 50 day simple moving average is $138.62 and its two-hundred day simple moving average is $130.50. The firm has a market cap of $160.38 billion, a P/E ratio of 32.83, a PEG ratio of 3.14 and a beta of 0.92. 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 TJX Companies, Inc. has a 52-week low of $111.73 and a 52-week high of $145.58.

TJX Companies (NYSE:TJX - Get Free Report) last announced 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 analyst estimates of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The company'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. As a group, research analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

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 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 (DPR) is currently 38.72%.

Analysts Set New Price Targets

TJX has been the subject of several recent research reports. Robert W. Baird increased 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. Macquarie restated a "buy" rating on shares of TJX Companies in a research report on Monday, August 11th. Telsey Advisory Group restated an "outperform" rating and set a $155.00 target price (up previously from $150.00) on shares of TJX Companies in a research report on Wednesday, August 20th. Morgan Stanley upped their target price on TJX Companies from $140.00 to $150.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Finally, Bank of America upped their target price on TJX Companies from $145.00 to $150.00 and gave the company a "buy" rating in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued 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 a consensus target price of $148.50.

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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