Whittier Trust Co. of Nevada Inc. Sells 8,365 Shares of The TJX Companies, Inc. $TJX

Key Points

• Whittier Trust Co. of Nevada Inc. reduced its holdings in TJX Companies by 3.2% in the second quarter, now owning 251,678 shares worth approximately $31 million.
• Several institutional investors, including Vanguard Group and Amundi, increased their positions in TJX Companies, highlighting strong interest in the stock among major funds.
• TJX Companies reported a quarterly EPS of $1.10, surpassing estimates, and announced a quarterly dividend of $0.425 to be paid out on December 4th.

Whittier Trust Co. of Nevada Inc. decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX - Free Report) by 3.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 251,678 shares of the apparel and home fashions retailer's stock after selling 8,365 shares during the quarter. TJX Companies makes up approximately 0.7% of Whittier Trust Co. of Nevada Inc.'s portfolio, making the stock its 28th biggest position. Whittier Trust Co. of Nevada Inc.'s holdings in TJX Companies were worth $31,079,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of TJX Companies by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer's stock valued at $12,230,396,000 after acquiring an additional 1,099,129 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of TJX Companies by 0.3% during the 1st quarter. Ameriprise Financial Inc. now owns 13,068,312 shares of the apparel and home fashions retailer's stock valued at $1,591,758,000 after acquiring an additional 35,800 shares in the last quarter. Amundi boosted its holdings in shares of TJX Companies by 10.2% during the 1st quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer's stock valued at $1,489,305,000 after acquiring an additional 1,104,292 shares in the last quarter. Nuveen LLC acquired a new stake in shares of TJX Companies during the 1st quarter valued at $1,330,717,000. Finally, Invesco Ltd. boosted its holdings in shares of TJX Companies by 2.8% during the 1st quarter. Invesco Ltd. now owns 9,000,600 shares of the apparel and home fashions retailer's stock valued at $1,096,273,000 after acquiring an additional 247,579 shares in the last quarter. Institutional investors and hedge funds own 91.09% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. UBS Group raised their price objective on TJX Companies from $164.00 to $172.00 and gave the company a "buy" rating in a report on Thursday, August 21st. JPMorgan Chase & Co. lifted their target price on TJX Companies from $148.00 to $149.00 and gave the stock an "overweight" rating in a report on Monday, October 6th. Erste Group Bank started coverage on TJX Companies in a report on Friday, September 5th. They set a "buy" rating on the stock. Morgan Stanley lifted their target price on TJX Companies from $140.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Finally, Wall Street Zen raised TJX Companies from a "hold" rating to a "buy" rating in a report on Saturday, August 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of "Buy" and an average target price of $148.50.

TJX Companies Stock Down 0.4%

Shares of NYSE:TJX opened at $143.32 on Tuesday. The company has a market capitalization of $159.50 billion, a price-to-earnings ratio of 32.65, a P/E/G ratio of 3.19 and a beta of 0.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52. The business's 50-day moving average is $139.55 and its 200-day moving average is $131.11. The TJX Companies, Inc. has a 1 year low of $111.73 and a 1 year high of $146.46.

TJX Companies (NYSE:TJX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.09. The company had revenue of $14.40 billion for the quarter, compared to the consensus estimate of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The firm's revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.96 EPS. 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 predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be paid 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 of this dividend is Thursday, November 13th. TJX Companies's payout ratio is currently 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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