Hardy Reed LLC Decreases Stake in The TJX Companies, Inc. $TJX

Hardy Reed LLC cut its stake in The TJX Companies, Inc. (NYSE:TJX) by 1.2% in the second quarter, Holdings Channel reports. The firm owned 8,498 shares of the apparel and home fashions retailer’s stock after selling 101 shares during the period. Hardy Reed LLC’s holdings in TJX Companies were worth $1,049,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. TCTC Holdings LLC grew its holdings in shares of TJX Companies by 210.1% during the first quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock valued at $26,000 after buying an additional 145 shares during the last quarter. Atlantic Edge Private Wealth Management LLC lifted its position in 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 acquiring an additional 110 shares during the period. Iron Horse Wealth Management LLC grew its stake in 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 valued at $36,000 after purchasing an additional 149 shares during the last quarter. Inlight Wealth Management LLC acquired a new position in shares of TJX Companies in the first quarter valued at about $37,000. Finally, Activest Wealth Management increased its holdings in shares of TJX Companies by 4,485.7% in the first quarter. Activest Wealth Management now owns 321 shares of the apparel and home fashions retailer’s stock valued at $39,000 after purchasing an additional 314 shares during the period. Institutional investors and hedge funds own 91.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Robert W. Baird upped their target price on TJX Companies from $143.00 to $152.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Weiss Ratings restated a “buy (b+)” rating on shares of TJX Companies in a research note on Saturday, September 27th. JPMorgan Chase & Co. upped their price objective on shares of TJX Companies from $148.00 to $149.00 and gave the company an “overweight” rating in a report on Monday. Daiwa Capital Markets initiated coverage on shares of TJX Companies in a report on Tuesday, July 8th. They set an “outperform” rating and a $133.00 target price for the company. Finally, UBS Group upped their price target on shares of TJX Companies from $164.00 to $172.00 and gave the company a “buy” rating in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $147.63.

TJX Companies Stock Performance

TJX opened at $143.32 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52. The firm has a fifty day moving average price of $136.87 and a 200 day moving average price of $129.66. The TJX Companies, Inc. has a 1 year low of $111.22 and a 1 year high of $145.58. The stock has a market cap of $159.51 billion, a P/E ratio of 32.65, a P/E/G ratio of 3.18 and a beta of 0.92.

TJX Companies (NYSE:TJX) last released its quarterly 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. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The company had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter last year, the business earned $0.96 earnings per share. The firm’s revenue was up 6.9% on a year-over-year basis. 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 Dividend Announcement

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