Vident Advisory LLC Boosts Stock Position in The TJX Companies, Inc. $TJX

Key Points

• Vident Advisory LLC increased its stake in The TJX Companies by 12.7%, now holding 299,845 shares valued at approximately $36.52 million.
• Analysts have upgraded TJX's stock price targets, with UBS raising theirs to $172.00 and Barclays to $155.00, contributing to a generally positive consensus rating of “Buy”.
• TJX recently declared a quarterly dividend of $0.425 per share, representing an annualized dividend of $1.70 and a yield of 1.2%.

Vident Advisory LLC raised its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 12.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 299,845 shares of the apparel and home fashions retailer's stock after acquiring an additional 33,692 shares during the quarter. Vident Advisory LLC's holdings in TJX Companies were worth $36,522,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. TCTC Holdings LLC lifted its position in TJX Companies by 210.1% during the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer's stock valued at $26,000 after buying an additional 145 shares during the period. 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 valued at $36,000 after acquiring an additional 110 shares during the period. Iron Horse Wealth Management LLC boosted its stake in TJX Companies by 99.3% during the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer's stock worth $36,000 after acquiring an additional 149 shares in the last quarter. Inlight Wealth Management LLC purchased a new stake in TJX Companies in the first quarter worth about $37,000. Finally, Rialto Wealth Management LLC increased its stake in shares of TJX Companies by 105.9% during the first quarter. Rialto Wealth Management LLC now owns 348 shares of the apparel and home fashions retailer's stock valued at $42,000 after purchasing an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on TJX. JPMorgan Chase & Co. raised their price target on TJX Companies from $145.00 to $148.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Wall Street Zen raised shares of TJX Companies from a "hold" rating to a "buy" rating in a research report on Saturday, August 23rd. UBS Group lifted their target price on shares of TJX Companies from $164.00 to $172.00 and gave the stock a "buy" rating in a report on Thursday, August 21st. TD Securities upped their target price on shares of TJX Companies from $140.00 to $142.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Finally, Wells Fargo & Company raised their price target on shares of TJX Companies from $120.00 to $130.00 and gave the company an "equal weight" rating in a research report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $147.58.

Insider Transactions at TJX Companies

In other TJX Companies news, Director Amy B. Lane sold 950 shares of TJX Companies stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $128.09, for a total value of $121,685.50. Following the sale, the director directly owned 22,712 shares in the company, valued at approximately $2,909,180.08. The trade was a 4.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.13% of the stock is currently owned by company insiders.

TJX Companies Stock Performance

Shares of NYSE TJX traded down $0.49 during midday trading on Monday, hitting $136.63. 4,116,829 shares of the stock traded hands, compared to its average volume of 5,570,308. The firm has a market capitalization of $152.63 billion, a P/E ratio of 31.12, a PEG ratio of 3.07 and a beta of 0.90. The TJX Companies, Inc. has a one year low of $111.22 and a one 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 firm has a 50-day moving average of $128.35 and a two-hundred day moving average of $125.89.

TJX Companies (NYSE:TJX - Get Free Report) last announced its earnings results 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. The business had revenue of $14.40 billion during 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 firm's revenue was up 6.9% on a year-over-year basis. During the same period 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. On average, equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Thursday, August 14th will be paid a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, August 14th. TJX Companies's dividend payout ratio is presently 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.