TJX Companies (NYSE:TJX) Issues Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Key Points

• TJX Companies reported Q2 earnings of $1.10 EPS, exceeding analysts' expectations of $1.01, with revenues of $14.40 billion compared to expectations of $14.12 billion.
• The company revised its FY 2026 guidance to $4.520-4.570 EPS and its Q3 2026 guidance to $1.170-1.190 EPS.
• A quarterly dividend of $0.425 will be paid out on September 4th, representing a 1.3% yield based on an annualized amount of $1.70.

TJX Companies (NYSE:TJX - Get Free Report) announced its quarterly earnings data on Wednesday. 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, Briefing.com reports. The firm had revenue of $14.40 billion during 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%.TJX Companies's quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 earnings per share. TJX Companies updated its FY 2026 guidance to 4.520-4.570 EPS and its Q3 2026 guidance to 1.170-1.190 EPS.

TJX Companies Stock Performance

Shares of NYSE TJX traded down $1.1310 during midday trading on Friday, hitting $136.3790. 5,774,585 shares of the company's stock were exchanged, compared to its average volume of 5,504,355. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.51. The stock's 50 day moving average price is $127.00 and its 200-day moving average price is $125.48. The firm has a market cap of $152.35 billion, a P/E ratio of 31.07, a PEG ratio of 3.15 and a beta of 0.89. TJX Companies has a twelve month low of $111.22 and a twelve month high of $145.58.

TJX Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Thursday, August 14th will be given a dividend of $0.425 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. TJX Companies's payout ratio is currently 40.00%.

Wall Street Analysts Forecast Growth

TJX has been the subject of several research analyst reports. Bank of America boosted their price objective on TJX Companies from $145.00 to $150.00 and gave the company a "buy" rating in a report on Thursday. TD Securities boosted their price objective on TJX Companies from $140.00 to $142.00 and gave the company a "buy" rating in a report on Tuesday, May 20th. Citigroup boosted their price objective on TJX Companies from $140.00 to $160.00 and gave the company a "buy" rating in a report on Thursday. Macquarie reissued a "buy" rating on shares of TJX Companies in a report on Monday, August 11th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of TJX Companies in a report on Wednesday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, TJX Companies presently has an average rating of "Buy" and a consensus target price of $147.58.

Insider Activity

In other news, Director Amy B. Lane sold 950 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $128.09, for a total transaction of $121,685.50. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.13% of the company's stock.

Hedge Funds Weigh In On TJX Companies

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. boosted its position in shares of TJX Companies by 4.6% during the second quarter. Geneos Wealth Management Inc. now owns 8,575 shares of the apparel and home fashions retailer's stock worth $1,059,000 after buying an additional 374 shares during the period. Kestra Investment Management LLC boosted its position in shares of TJX Companies by 34.3% during the second quarter. Kestra Investment Management LLC now owns 2,798 shares of the apparel and home fashions retailer's stock worth $345,000 after buying an additional 715 shares during the period. FORA Capital LLC acquired a new position in shares of TJX Companies during the second quarter worth approximately $346,000. Evergreen Capital Management LLC boosted its position in shares of TJX Companies by 41.6% during the second quarter. Evergreen Capital Management LLC now owns 15,900 shares of the apparel and home fashions retailer's stock worth $1,963,000 after buying an additional 4,668 shares during the period. Finally, Nikulski Financial Inc. boosted its position in shares of TJX Companies by 7.3% during the second quarter. Nikulski Financial Inc. now owns 13,615 shares of the apparel and home fashions retailer's stock worth $1,681,000 after buying an additional 930 shares during the period. 91.09% of the stock is currently owned by institutional investors and hedge funds.

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.