Washington Trust Bank Has $17.96 Million Stock Holdings in The TJX Companies, Inc. $TJX

Washington Trust Bank lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.3% during the second quarter, Holdings Channel.com reports. The firm owned 145,412 shares of the apparel and home fashions retailer’s stock after purchasing an additional 378 shares during the period. TJX Companies accounts for 1.5% of Washington Trust Bank’s holdings, making the stock its 18th biggest position. Washington Trust Bank’s holdings in TJX Companies were worth $17,957,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. TCTC Holdings LLC boosted its position in TJX Companies by 210.1% in the first 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 during the last quarter. Princeton Global Asset Management LLC bought a new position in TJX Companies during the second quarter valued at $28,000. Iron Horse Wealth Management LLC increased its position in TJX Companies by 99.3% in the first quarter. Iron Horse Wealth Management LLC now owns 299 shares of the apparel and home fashions retailer’s stock worth $36,000 after buying an additional 149 shares during the last quarter. Activest Wealth Management lifted 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 valued at $39,000 after buying an additional 314 shares during the last quarter. Finally, Maseco LLP purchased a new position in shares of TJX Companies in the second quarter worth about $43,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

TJX stock opened at $143.68 on Thursday. The stock’s 50 day simple moving average is $141.28 and its 200 day simple moving average is $132.52. 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 TJX Companies, Inc. has a 12-month low of $112.10 and a 12-month high of $146.46. The stock has a market capitalization of $159.91 billion, a PE ratio of 32.73, a price-to-earnings-growth ratio of 3.14 and a beta of 0.90.

TJX Companies (NYSE:TJX) last posted its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.09. The firm had revenue of $14.40 billion during the quarter, compared to analysts’ expectations of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The company’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $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, research analysts forecast 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 declared a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Thursday, November 13th will be issued a dividend of $0.425 per share. 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 presently 38.72%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on TJX. Citigroup lifted their target price on TJX Companies from $140.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, August 21st. Bank of America upped 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 raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, August 23rd. JPMorgan Chase & Co. raised their price objective on shares of TJX Companies from $148.00 to $149.00 and gave the stock an “overweight” rating in a report on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of TJX Companies in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $149.00.

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.