First Merchants Corp Decreases Stake in The TJX Companies, Inc. $TJX

First Merchants Corp cut its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 3.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 105,726 shares of the apparel and home fashions retailer’s stock after selling 3,509 shares during the quarter. First Merchants Corp’s holdings in TJX Companies were worth $13,056,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of TJX. Nuveen LLC acquired a new position in TJX Companies during the first quarter worth $1,330,717,000. Mirova US LLC raised its holdings in TJX Companies by 164.5% during the second quarter. Mirova US LLC now owns 2,699,156 shares of the apparel and home fashions retailer’s stock worth $333,319,000 after purchasing an additional 1,678,665 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in TJX Companies by 65.8% during the first quarter. Assenagon Asset Management S.A. now owns 3,282,351 shares of the apparel and home fashions retailer’s stock worth $399,790,000 after purchasing an additional 1,302,845 shares during the last quarter. Amundi raised its holdings in TJX Companies by 10.2% during the first quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer’s stock worth $1,489,305,000 after purchasing an additional 1,104,292 shares during the last quarter. Finally, Vanguard Group Inc. raised its holdings in TJX Companies by 1.1% during the first quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer’s stock worth $12,230,396,000 after purchasing an additional 1,099,129 shares during the last quarter. 91.09% of the stock is owned by institutional investors and hedge funds.

TJX Companies Stock Performance

TJX Companies stock opened at $140.68 on Thursday. The firm has a market capitalization of $156.57 billion, a P/E ratio of 32.05, a PEG ratio of 3.17 and a beta of 0.92. The stock has a fifty day moving average price of $137.50 and a 200 day moving average price of $129.83. The TJX Companies, Inc. has a 52 week low of $111.73 and a 52 week high of $145.58. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32.

TJX Companies (NYSE:TJX) last released its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, beating the consensus estimate of $1.01 by $0.09. The firm had revenue of $14.40 billion during the quarter, compared to analyst estimates of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The business’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period in the prior 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. Equities research analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share for the current year.

TJX Companies Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Morgan Stanley boosted their price target on TJX Companies from $140.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Macquarie reissued a “buy” rating on shares of TJX Companies in a report on Monday, August 11th. Erste Group Bank assumed coverage on TJX Companies in a report on Friday, September 5th. They issued a “buy” rating for the company. Barclays boosted their price target on TJX Companies from $147.00 to $155.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Finally, Sanford C. Bernstein boosted their price target on TJX Companies from $145.00 to $152.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, TJX Companies has a consensus rating of “Buy” and an average price target of $147.63.

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.