Spinnaker Trust Purchases 3,871 Shares of The TJX Companies, Inc. $TJX

Spinnaker Trust lifted its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 69.5% during the 2nd quarter, HoldingsChannel reports. The firm owned 9,443 shares of the apparel and home fashions retailer’s stock after acquiring an additional 3,871 shares during the period. Spinnaker Trust’s holdings in TJX Companies were worth $1,166,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in TJX. TCTC Holdings LLC boosted its position 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 purchasing an additional 145 shares in the last quarter. Princeton Global Asset Management LLC bought a new stake in TJX Companies in the second quarter worth $28,000. Atlantic Edge Private Wealth Management LLC boosted its holdings 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 acquiring an additional 110 shares in the last quarter. Iron Horse Wealth Management LLC boosted its holdings 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 acquiring an additional 149 shares in the last quarter. Finally, Activest Wealth Management boosted its holdings 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 acquiring an additional 314 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors.

TJX Companies Stock Down 1.7%

TJX Companies stock opened at $141.61 on Thursday. The stock has a market cap of $157.61 billion, a PE ratio of 32.26, a price-to-earnings-growth ratio of 3.19 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 one year low of $111.73 and a one year high of $146.46. The stock has a fifty day moving average of $140.77 and a 200 day moving average of $132.04.

TJX Companies (NYSE:TJX) last posted its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. The company 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%.TJX Companies’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior 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, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The business 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 $0.425 dividend. The ex-dividend date is Thursday, November 13th. This represents a $1.70 dividend on an annualized basis and a yield of 1.2%. TJX Companies’s dividend payout ratio is presently 38.72%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TJX shares. Daiwa America raised TJX Companies to a “strong-buy” rating in a report on Tuesday, July 8th. Sanford C. Bernstein boosted their target price on TJX Companies from $145.00 to $152.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Evercore ISI boosted their target price on TJX Companies from $150.00 to $162.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. UBS Group boosted their target price on TJX Companies from $164.00 to $172.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Finally, Robert W. Baird boosted their price target on TJX Companies from $143.00 to $152.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus 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.