Pinnacle Associates Ltd. Sells 717 Shares of The TJX Companies, Inc. $TJX

Pinnacle Associates Ltd. decreased its holdings in The TJX Companies, Inc. (NYSE:TJX) by 1.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,480 shares of the apparel and home fashions retailer’s stock after selling 717 shares during the period. Pinnacle Associates Ltd.’s holdings in TJX Companies were worth $4,875,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. TCTC Holdings LLC lifted its holdings in shares of TJX Companies by 210.1% in the 1st quarter. TCTC Holdings LLC now owns 214 shares of the apparel and home fashions retailer’s stock valued at $26,000 after acquiring an additional 145 shares during the last quarter. Princeton Global Asset Management LLC bought a new stake in TJX Companies in the second quarter worth about $28,000. Atlantic Edge Private Wealth Management LLC lifted its stake in TJX Companies by 58.8% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 297 shares of the apparel and home fashions retailer’s stock worth $36,000 after purchasing an additional 110 shares during the last quarter. Iron Horse Wealth Management LLC lifted its stake 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 purchasing an additional 149 shares during the last quarter. Finally, Activest Wealth Management lifted its stake in 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 worth $39,000 after purchasing an additional 314 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Evercore ISI raised their price objective on shares of TJX Companies from $150.00 to $162.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Daiwa Capital Markets assumed coverage on shares of TJX Companies in a research note on Tuesday, July 8th. They issued an “outperform” rating and a $133.00 price objective for the company. Sanford C. Bernstein raised their price objective on shares of TJX Companies from $145.00 to $152.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. Wall Street Zen raised shares of TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, August 23rd. Finally, UBS Group raised their price objective on shares of TJX Companies from $164.00 to $172.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $149.00.

TJX Companies Stock Performance

Shares of NYSE:TJX opened at $140.13 on Friday. The firm has a market cap of $155.96 billion, a PE ratio of 31.92, a price-to-earnings-growth ratio of 3.14 and a beta of 0.92. The firm’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 one year low of $111.73 and a one year high of $146.46. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17.

TJX Companies (NYSE:TJX) last issued its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.09. The business had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same period last year, the company 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. As a group, equities 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 dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies’s dividend payout ratio (DPR) is presently 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.