DAVENPORT & Co LLC Purchases 5,253 Shares of The TJX Companies, Inc. $TJX

DAVENPORT & Co LLC increased its position in The TJX Companies, Inc. (NYSE:TJX) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 893,702 shares of the apparel and home fashions retailer’s stock after purchasing an additional 5,253 shares during the period. DAVENPORT & Co LLC’s holdings in TJX Companies were worth $110,335,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Running Oak Capital LLC raised its holdings in TJX Companies by 2.6% during the second quarter. Running Oak Capital LLC now owns 134,871 shares of the apparel and home fashions retailer’s stock worth $16,655,000 after buying an additional 3,417 shares during the last quarter. Grimes & Company Inc. raised its holdings in shares of TJX Companies by 4.1% in the 2nd quarter. Grimes & Company Inc. now owns 10,632 shares of the apparel and home fashions retailer’s stock worth $1,313,000 after acquiring an additional 418 shares during the last quarter. Three Bridge Wealth Advisors LLC acquired a new stake in shares of TJX Companies in the 2nd quarter worth about $306,000. Merit Financial Group LLC lifted its position in TJX Companies by 19.0% in the 2nd quarter. Merit Financial Group LLC now owns 56,201 shares of the apparel and home fashions retailer’s stock valued at $6,940,000 after acquiring an additional 8,980 shares in the last quarter. Finally, Simplicity Wealth LLC boosted its stake in TJX Companies by 74.5% during the 2nd quarter. Simplicity Wealth LLC now owns 6,929 shares of the apparel and home fashions retailer’s stock valued at $856,000 after purchasing an additional 2,958 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Sanford C. Bernstein raised their target price on TJX Companies from $145.00 to $152.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. Wells Fargo & Company raised their price objective on TJX Companies from $120.00 to $130.00 and gave the company an “equal weight” rating in a research note on Thursday, August 21st. Robert W. Baird upped their target price on shares of TJX Companies from $143.00 to $152.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Barclays raised their price target on shares of TJX Companies from $147.00 to $155.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Finally, Daiwa America upgraded shares of TJX Companies to a “strong-buy” rating in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, TJX Companies has an average rating of “Buy” and a consensus price target of $147.58.

TJX Companies Stock Performance

NYSE TJX opened at $141.30 on Monday. The company has a market capitalization of $157.26 billion, a PE ratio of 32.19, a price-to-earnings-growth ratio of 3.18 and a beta of 0.92. 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 TJX Companies, Inc. has a 52-week low of $111.22 and a 52-week high of $145.58. The company has a 50-day simple moving average of $136.51 and a 200 day simple moving average of $129.47.

TJX Companies (NYSE:TJX) last released 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 firm had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $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. On average, research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be paid a dividend of $0.425 per share. The ex-dividend date is Thursday, November 13th. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. TJX Companies’s dividend payout ratio is presently 38.72%.

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.