Rockland Trust Co. Cuts Position in The TJX Companies, Inc. $TJX

Rockland Trust Co. trimmed its holdings in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 276,437 shares of the apparel and home fashions retailer’s stock after selling 1,020 shares during the period. TJX Companies comprises about 1.7% of Rockland Trust Co.’s portfolio, making the stock its 15th largest holding. Rockland Trust Co.’s holdings in TJX Companies were worth $34,137,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Pinnacle Financial Partners Inc boosted its position in TJX Companies by 2.2% during the first quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer’s stock valued at $46,989,000 after buying an additional 8,319 shares during the period. State of Alaska Department of Revenue boosted its position in TJX Companies by 1.7% during the first quarter. State of Alaska Department of Revenue now owns 181,712 shares of the apparel and home fashions retailer’s stock valued at $22,132,000 after buying an additional 3,125 shares during the period. FCG Investment Co purchased a new stake in TJX Companies during the first quarter valued at about $2,620,000. Mainstream Capital Management LLC boosted its position in TJX Companies by 4.3% during the first quarter. Mainstream Capital Management LLC now owns 12,450 shares of the apparel and home fashions retailer’s stock valued at $1,516,000 after buying an additional 515 shares during the period. Finally, Parr Mcknight Wealth Management Group LLC boosted its position in TJX Companies by 12.6% during the first quarter. Parr Mcknight Wealth Management Group LLC now owns 40,840 shares of the apparel and home fashions retailer’s stock valued at $4,974,000 after buying an additional 4,579 shares during the period. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TJX has been the subject of several analyst reports. Citigroup upped their price target on shares of TJX Companies from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Macquarie reiterated a “buy” rating on shares of TJX Companies in a report on Monday, August 11th. UBS Group increased their target price on shares of TJX Companies from $164.00 to $172.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. Daiwa Capital Markets assumed coverage on TJX Companies in a report on Tuesday, July 8th. They issued an “outperform” rating and a $133.00 price objective for the company. Finally, Barclays lifted their price objective on TJX Companies from $147.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, TJX Companies has an average rating of “Buy” and a consensus target price of $147.58.

TJX Companies Price Performance

TJX stock opened at $140.05 on Friday. The TJX Companies, Inc. has a 1 year low of $111.22 and a 1 year high of $145.58. The company has a market cap of $155.87 billion, a P/E ratio of 31.90, a PEG ratio of 3.15 and a beta of 0.90. The firm has a 50-day moving average of $132.59 and a 200 day moving average of $127.43. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.17 and a quick ratio of 0.52.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.09. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The business had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter last year, the firm earned $0.96 earnings per share. The business’s revenue for the quarter 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. On average, sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Announces Dividend

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

TJX Companies Company 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.