Smart Money Group LLC Buys 606 Shares of The TJX Companies, Inc. $TJX

Smart Money Group LLC boosted its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 7.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,491 shares of the apparel and home fashions retailer’s stock after purchasing an additional 606 shares during the quarter. Smart Money Group LLC’s holdings in TJX Companies were worth $1,049,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of TJX. TCTC Holdings LLC lifted its position in TJX Companies by 210.1% during the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock worth $26,000 after acquiring an additional 145 shares during the last quarter. Princeton Global Asset Management LLC bought a new position in shares of TJX Companies in the second quarter worth about $28,000. Iron Horse Wealth Management LLC lifted its position in shares of TJX Companies by 99.3% during the 1st quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer’s stock worth $36,000 after purchasing an additional 149 shares during the last quarter. Activest Wealth Management boosted its stake in TJX Companies by 4,485.7% during the 1st quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer’s stock valued at $39,000 after purchasing an additional 314 shares during the period. Finally, Maseco LLP bought a new stake in TJX Companies during the 2nd quarter valued at approximately $43,000. Institutional investors own 91.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TJX. Barclays increased 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. BTIG Research assumed coverage on shares of TJX Companies in a research note on Tuesday, October 14th. They set a “buy” rating and a $165.00 target price for the company. Bank of America increased their price target on shares of TJX Companies from $145.00 to $150.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Wall Street Zen upgraded shares of TJX Companies from a “hold” rating to a “buy” rating in a research report on Saturday, August 23rd. Finally, Erste Group Bank started coverage on shares of TJX Companies in a research report on Friday, September 5th. They set a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $149.00.

TJX Companies Price Performance

NYSE:TJX opened at $143.74 on Friday. 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 company has a 50-day moving average of $141.41 and a 200-day moving average of $132.60. The TJX Companies, Inc. has a 52 week low of $112.10 and a 52 week high of $146.46. The company has a market capitalization of $159.97 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 3.14 and a beta of 0.90.

TJX Companies (NYSE:TJX) 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 analysts’ consensus estimates of $1.01 by $0.09. The business had revenue of $14.40 billion for 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 for the quarter was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. As a group, equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share 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. Investors of record on Thursday, November 13th will be given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies’s dividend payout ratio (DPR) is 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.