Vontobel Holding Ltd. Sells 188,871 Shares of The TJX Companies, Inc. $TJX

Vontobel Holding Ltd. lowered its position in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 39.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,103 shares of the apparel and home fashions retailer's stock after selling 188,871 shares during the quarter. Vontobel Holding Ltd.'s holdings in TJX Companies were worth $35,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Maryland State Retirement & Pension System lifted its holdings in shares of TJX Companies by 2.6% in the 2nd quarter. Maryland State Retirement & Pension System now owns 54,366 shares of the apparel and home fashions retailer's stock worth $6,714,000 after acquiring an additional 1,376 shares during the last quarter. Eagle Strategies LLC raised its position in TJX Companies by 20.8% in the 2nd quarter. Eagle Strategies LLC now owns 2,166 shares of the apparel and home fashions retailer's stock worth $267,000 after purchasing an additional 373 shares during the period. Nelson Capital Management LLC raised its position in TJX Companies by 1.2% in the 2nd quarter. Nelson Capital Management LLC now owns 45,908 shares of the apparel and home fashions retailer's stock worth $5,669,000 after purchasing an additional 557 shares during the period. Hendley & Co. Inc. grew its stake in shares of TJX Companies by 75.0% during the second quarter. Hendley & Co. Inc. now owns 8,305 shares of the apparel and home fashions retailer's stock valued at $1,026,000 after buying an additional 3,560 shares during the last quarter. Finally, Mirova US LLC grew its stake in shares of TJX Companies by 164.5% during the second quarter. Mirova US LLC now owns 2,699,156 shares of the apparel and home fashions retailer's stock valued at $333,319,000 after buying an additional 1,678,665 shares during the last quarter. Hedge funds and other institutional investors own 91.09% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on TJX shares. Barclays boosted their price objective on TJX Companies from $147.00 to $155.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Wells Fargo & Company lifted 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. Weiss Ratings reissued a "buy (b+)" rating on shares of TJX Companies in a report on Wednesday. Robert W. Baird raised their price target on shares of TJX Companies from $143.00 to $152.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Finally, Evercore ISI increased their target price on shares of TJX Companies from $150.00 to $162.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $147.63.

TJX Companies Stock Performance

NYSE TJX opened at $140.68 on Thursday. The firm has a market cap of $156.57 billion, a price-to-earnings ratio of 32.05, a price-to-earnings-growth ratio of 3.17 and a beta of 0.92. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average price of $137.50 and a 200-day moving average price of $129.83. The TJX Companies, Inc. has a twelve month low of $111.73 and a twelve month high of $145.58.

TJX Companies (NYSE:TJX - Get Free Report) last posted 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 net margin of 8.59% and a return on equity of 58.63%. The company had revenue of $14.40 billion during the quarter, compared to analysts' expectations of $14.12 billion. During the same period last year, the company posted $0.96 earnings per share. TJX Companies'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. As a group, equities research analysts predict 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 given a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, November 13th. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. TJX Companies's payout ratio 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.

Want to see what other hedge funds are holding TJX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The TJX Companies, Inc. (NYSE:TJX - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.