BIP Wealth LLC Sells 109 Shares of The TJX Companies, Inc. $TJX

BIP Wealth LLC cut its stake in shares of The TJX Companies, Inc. (NYSE:TJX) by 5.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,754 shares of the apparel and home fashions retailer’s stock after selling 109 shares during the period. BIP Wealth LLC’s holdings in TJX Companies were worth $217,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pinnacle Financial Partners Inc boosted its holdings in shares of TJX Companies by 2.2% in the first quarter. Pinnacle Financial Partners Inc now owns 387,342 shares of the apparel and home fashions retailer’s stock worth $46,989,000 after buying an additional 8,319 shares during the last quarter. FCG Investment Co bought a new position in TJX Companies in the first quarter worth approximately $2,620,000. MinichMacGregor Wealth Management LLC purchased a new position in shares of TJX Companies during the 2nd quarter worth $5,045,000. Mainstream Capital Management LLC grew its position in shares of TJX Companies by 4.3% during the 1st 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 acquiring an additional 515 shares during the period. Finally, Parr Mcknight Wealth Management Group LLC increased its stake in shares of TJX Companies by 12.6% in the 1st quarter. Parr Mcknight Wealth Management Group LLC now owns 40,840 shares of the apparel and home fashions retailer’s stock worth $4,974,000 after purchasing an additional 4,579 shares in the last quarter. 91.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on TJX. Daiwa America raised TJX Companies to a “strong-buy” rating in a report on Tuesday, July 8th. Macquarie reiterated a “buy” rating on shares of TJX Companies in a research note on Monday, August 11th. Morgan Stanley raised their target price on shares of TJX Companies from $140.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. BTIG Research began coverage on shares of TJX Companies in a research report on Tuesday, October 14th. They issued a “buy” rating and a $165.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of TJX Companies from $148.00 to $149.00 and gave the stock an “overweight” rating in a research note on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $148.50.

TJX Companies Price Performance

TJX Companies stock opened at $141.90 on Friday. The company has a market cap of $157.92 billion, a price-to-earnings ratio of 32.32, a PEG ratio of 3.15 and a beta of 0.92. The firm’s fifty day moving average is $140.31 and its 200 day moving average is $131.68. The company has a quick ratio of 0.52, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The TJX Companies, Inc. has a 52-week low of $111.73 and a 52-week high of $146.46.

TJX Companies (NYSE:TJX) last issued its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.09. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The company had revenue of $14.40 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The firm’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. Sell-side analysts forecast that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Announces Dividend

The business 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 yield of 1.2%. The ex-dividend date of this dividend is Thursday, November 13th. TJX Companies’s dividend payout ratio (DPR) 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.