Louisiana State Employees Retirement System Sells 1,600 Shares of The TJX Companies, Inc. $TJX

Louisiana State Employees Retirement System cut its holdings in The TJX Companies, Inc. (NYSE:TJX) by 2.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 58,900 shares of the apparel and home fashions retailer’s stock after selling 1,600 shares during the quarter. Louisiana State Employees Retirement System’s holdings in TJX Companies were worth $7,274,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TJX. Clear Creek Financial Management LLC grew its holdings in TJX Companies by 1.8% during the 1st quarter. Clear Creek Financial Management LLC now owns 4,811 shares of the apparel and home fashions retailer’s stock worth $586,000 after acquiring an additional 83 shares during the last quarter. Knuff & Co LLC lifted its position in shares of TJX Companies by 8.5% during the first quarter. Knuff & Co LLC now owns 1,056 shares of the apparel and home fashions retailer’s stock worth $129,000 after purchasing an additional 83 shares in the last quarter. McLean Asset Management Corp lifted its position in shares of TJX Companies by 3.2% during the second quarter. McLean Asset Management Corp now owns 2,746 shares of the apparel and home fashions retailer’s stock worth $344,000 after purchasing an additional 84 shares in the last quarter. Salem Investment Counselors Inc. lifted its position in shares of TJX Companies by 2.2% during the first quarter. Salem Investment Counselors Inc. now owns 3,986 shares of the apparel and home fashions retailer’s stock worth $485,000 after purchasing an additional 86 shares in the last quarter. Finally, NBC Securities Inc. lifted its position in shares of TJX Companies by 0.6% during the second quarter. NBC Securities Inc. now owns 14,274 shares of the apparel and home fashions retailer’s stock worth $1,762,000 after purchasing an additional 86 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TJX. Barclays boosted their price objective on shares of TJX Companies from $147.00 to $155.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Macquarie restated a “buy” rating on shares of TJX Companies in a research report on Monday, August 11th. Daiwa America upgraded TJX Companies to a “strong-buy” rating in a research report on Tuesday, July 8th. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a report on Saturday, August 23rd. Finally, Bank of America boosted their price objective on TJX Companies from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $147.63.

TJX Companies Stock Down 0.3%

Shares of TJX Companies stock opened at $142.70 on Wednesday. The business has a fifty day simple moving average of $137.20 and a 200 day simple moving average of $129.75. The stock has a market cap of $158.81 billion, a PE ratio of 32.51, a price-to-earnings-growth ratio of 3.22 and a beta of 0.92. 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 12 month low of $111.73 and a 12 month high of $145.58.

TJX Companies (NYSE:TJX) last released 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 business had revenue of $14.40 billion during the quarter, compared to the consensus estimate of $14.12 billion. TJX Companies had a return on equity of 58.63% and a net margin of 8.59%.The firm’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior 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. Research analysts predict that The TJX Companies, Inc. will post 4.18 EPS for the current year.

TJX Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Investors 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 annualized dividend and a yield of 1.2%. 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.