Wedbush Securities Inc. Acquires 9,334 Shares of The TJX Companies, Inc. $TJX

Wedbush Securities Inc. increased its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 52.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,193 shares of the apparel and home fashions retailer’s stock after purchasing an additional 9,334 shares during the quarter. Wedbush Securities Inc.’s holdings in TJX Companies were worth $3,358,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its position in shares of TJX Companies by 113.7% during the fourth quarter. Brighton Jones LLC now owns 15,039 shares of the apparel and home fashions retailer’s stock worth $1,817,000 after acquiring an additional 8,002 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in TJX Companies by 12.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 2,172 shares of the apparel and home fashions retailer’s stock valued at $262,000 after acquiring an additional 235 shares during the last quarter. Bison Wealth LLC lifted its stake in TJX Companies by 32.9% in the 4th quarter. Bison Wealth LLC now owns 3,856 shares of the apparel and home fashions retailer’s stock worth $466,000 after purchasing an additional 955 shares in the last quarter. Allworth Financial LP lifted its stake in TJX Companies by 5.9% in the 1st quarter. Allworth Financial LP now owns 16,748 shares of the apparel and home fashions retailer’s stock worth $2,119,000 after purchasing an additional 927 shares in the last quarter. Finally, Alps Advisors Inc. boosted its holdings in shares of TJX Companies by 0.8% during the 1st quarter. Alps Advisors Inc. now owns 107,109 shares of the apparel and home fashions retailer’s stock valued at $13,046,000 after purchasing an additional 862 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

Wall Street Analysts Forecast Growth

TJX has been the topic of several research reports. Evercore ISI lifted 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. Wall Street Zen upgraded TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, August 23rd. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of TJX Companies in a research note on Wednesday, October 8th. Erste Group Bank started coverage on TJX Companies in a research report on Friday, September 5th. They set a “buy” rating for the company. Finally, Sanford C. Bernstein raised their target price on shares of TJX Companies from $145.00 to $152.00 and gave the company an “outperform” rating in a report on Thursday, August 21st. One 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 stock. Based on data from MarketBeat.com, TJX Companies currently has a consensus rating of “Buy” and a consensus target price of $149.00.

TJX Companies Price Performance

NYSE:TJX opened at $144.59 on Friday. The firm has a market capitalization of $160.92 billion, a price-to-earnings ratio of 32.94, a PEG ratio of 3.14 and a beta of 0.90. 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 business has a 50 day simple moving average of $141.57 and a 200-day simple moving average of $132.74. The TJX Companies, Inc. has a 1 year low of $112.10 and a 1 year high of $146.46.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.09. The company had revenue of $14.40 billion for 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%.TJX Companies’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. Equities analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be issued 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 dividend payout ratio (DPR) is 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.