Welch Group LLC Has $8.88 Million Stock Holdings in The TJX Companies, Inc. $TJX

Key Points

• Welch Group LLC increased its holdings in The TJX Companies to $8.88 million, reflecting a 4.4% rise by acquiring an additional 3,031 shares in the second quarter.
• Analysts show a positive outlook on TJX Companies, with several firms raising their price targets, the consensus rating being "Buy", and a current target price estimate of $147.63.
• Recently, TJX announced a quarterly dividend of $0.425 per share, which translates to an annualized dividend yield of 1.2%, payable on December 4th to stockholders recorded by November 13th.

Welch Group LLC increased its holdings in The TJX Companies, Inc. (NYSE:TJX - Free Report) by 4.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,935 shares of the apparel and home fashions retailer's stock after purchasing an additional 3,031 shares during the period. Welch Group LLC's holdings in TJX Companies were worth $8,883,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of TJX. Brighton Jones LLC grew its holdings in TJX Companies by 113.7% during the 4th quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer's stock worth $1,817,000 after acquiring an additional 8,002 shares during the period. Revolve Wealth Partners LLC lifted its position in TJX Companies by 12.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer's stock worth $262,000 after buying an additional 235 shares in the last quarter. Bison Wealth LLC lifted its position in TJX Companies by 32.9% during the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer's stock worth $466,000 after buying an additional 955 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of TJX Companies by 19.8% in the 1st quarter. GAMMA Investing LLC now owns 23,909 shares of the apparel and home fashions retailer's stock valued at $2,912,000 after purchasing an additional 3,944 shares during the period. Finally, NorthCrest Asset Manangement LLC raised its holdings in shares of TJX Companies by 92.4% in the 1st quarter. NorthCrest Asset Manangement LLC now owns 8,993 shares of the apparel and home fashions retailer's stock valued at $1,095,000 after purchasing an additional 4,319 shares during the period. Institutional investors and hedge funds own 91.09% of the company's stock.

Analyst Ratings Changes

TJX has been the topic of a number of research reports. Telsey Advisory Group reiterated an "outperform" rating and issued a $155.00 price target (up previously from $150.00) on shares of TJX Companies in a research note on Wednesday, August 20th. Wells Fargo & Company increased their price objective on shares of TJX Companies from $120.00 to $130.00 and gave the company an "equal weight" rating in a research note on Thursday, August 21st. Bank of America increased their price objective on shares of TJX Companies from $145.00 to $150.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. UBS Group raised their price target on shares of TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a research note on Thursday, August 21st. Finally, Macquarie reissued a "buy" rating on shares of TJX Companies in a research note on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $147.63.

TJX Companies Price Performance

Shares of TJX Companies stock opened at $140.38 on Monday. The company has a fifty day moving average of $138.07 and a 200-day moving average of $130.24. The TJX Companies, Inc. has a 52-week low of $111.73 and a 52-week 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 stock has a market capitalization of $156.23 billion, a price-to-earnings ratio of 31.98, a price-to-earnings-growth ratio of 3.12 and a beta of 0.92.

TJX Companies (NYSE:TJX - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping 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 business had revenue of $14.40 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the prior year, the business earned $0.96 EPS. The company'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. Equities research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies's dividend payout ratio (DPR) is presently 38.72%.

About TJX Companies

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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