Northstar Asset Management Inc. Cuts Stake in The TJX Companies, Inc. $TJX

Northstar Asset Management Inc. lessened its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,553 shares of the apparel and home fashions retailer’s stock after selling 1,024 shares during the quarter. TJX Companies comprises 4.0% of Northstar Asset Management Inc.’s investment portfolio, making the stock its 10th biggest holding. Northstar Asset Management Inc.’s holdings in TJX Companies were worth $14,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. TCTC Holdings LLC boosted its position in shares of 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 purchasing an additional 145 shares in the last quarter. Princeton Global Asset Management LLC bought a new position in shares of TJX Companies during the 2nd quarter worth about $28,000. Atlantic Edge Private Wealth Management LLC boosted its position in shares of TJX Companies by 58.8% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer’s stock worth $36,000 after purchasing an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC boosted 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 in the last quarter. Finally, Activest Wealth Management boosted its position in shares of 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 worth $39,000 after purchasing an additional 314 shares in the last quarter. Institutional investors own 91.09% of the company’s stock.

Analyst Ratings Changes

TJX has been the subject of a number of analyst reports. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, August 23rd. JPMorgan Chase & Co. lifted their price target on TJX Companies from $148.00 to $149.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Robert W. Baird lifted their price target on TJX Companies from $143.00 to $152.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Erste Group Bank initiated coverage on TJX Companies in a research note on Friday, September 5th. They set a “buy” rating for the company. Finally, Weiss Ratings reiterated a “buy (b+)” rating on shares of TJX Companies in a research note on Friday. 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 stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $148.50.

TJX Companies Trading Down 0.4%

NYSE:TJX opened at $141.90 on Friday. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $157.92 billion, a PE ratio of 32.32, a price-to-earnings-growth ratio of 3.16 and a beta of 0.92. The firm’s 50 day moving average is $140.31 and its 200 day moving average is $131.60. The TJX Companies, Inc. has a 12 month low of $111.73 and a 12 month high of $146.46.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. The company 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%. TJX Companies’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. Sell-side analysts expect that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be issued 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 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.