Accuvest Global Advisors Acquires 3,568 Shares of The TJX Companies, Inc. $TJX

Accuvest Global Advisors boosted its holdings in The TJX Companies, Inc. (NYSE:TJX) by 11.4% during the second quarter, HoldingsChannel.com reports. The fund owned 34,824 shares of the apparel and home fashions retailer’s stock after purchasing an additional 3,568 shares during the period. TJX Companies accounts for 2.8% of Accuvest Global Advisors’ portfolio, making the stock its 12th largest holding. Accuvest Global Advisors’ holdings in TJX Companies were worth $4,300,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FCG Investment Co bought a new stake in TJX Companies during the first quarter worth about $2,620,000. MinichMacGregor Wealth Management LLC bought a new stake in TJX Companies during the second quarter worth about $5,045,000. Parr Mcknight Wealth Management Group LLC grew its stake in TJX Companies by 12.6% during the first quarter. Parr Mcknight Wealth Management Group LLC now owns 40,840 shares of the apparel and home fashions retailer’s stock worth $4,974,000 after buying an additional 4,579 shares during the last quarter. Infusive Asset Management Inc. grew its stake in TJX Companies by 30.1% during the first quarter. Infusive Asset Management Inc. now owns 27,730 shares of the apparel and home fashions retailer’s stock worth $3,378,000 after buying an additional 6,415 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its stake in TJX Companies by 2.2% during the first quarter. Crossmark Global Holdings Inc. now owns 265,061 shares of the apparel and home fashions retailer’s stock worth $32,284,000 after buying an additional 5,622 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on TJX. Barclays upped their price objective on shares of TJX Companies from $147.00 to $155.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Daiwa Capital Markets started coverage on shares of TJX Companies in a research note on Tuesday, July 8th. They set an “outperform” rating and a $133.00 price target on the stock. Daiwa America raised shares of TJX Companies to a “strong-buy” rating in a research note on Tuesday, July 8th. 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 research note on Thursday, August 21st. Finally, Citigroup increased their price target on shares of TJX Companies from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $149.00.

TJX Companies Trading Down 1.5%

Shares of NYSE TJX opened at $140.13 on Friday. The company’s 50 day simple moving average is $140.95 and its 200 day simple moving average is $132.21. The TJX Companies, Inc. has a fifty-two week low of $111.73 and a fifty-two week high of $146.46. The firm has a market capitalization of $155.96 billion, a P/E ratio of 31.92, a P/E/G ratio of 3.14 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.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 20th. 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. 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 for the quarter, compared to analyst estimates of $14.12 billion. During the same period in the prior year, the business posted $0.96 earnings per share. TJX Companies’s revenue was up 6.9% compared to the same quarter last year. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. On average, analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies’s dividend payout ratio is currently 38.72%.

TJX Companies 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.