Pittenger & Anderson Inc. Buys 9,655 Shares of The TJX Companies, Inc. $TJX

Pittenger & Anderson Inc. boosted its stake in The TJX Companies, Inc. (NYSE:TJX) by 4.5% in the second quarter, HoldingsChannel reports. The firm owned 226,542 shares of the apparel and home fashions retailer’s stock after acquiring an additional 9,655 shares during the period. TJX Companies accounts for about 1.0% of Pittenger & Anderson Inc.’s holdings, making the stock its 23rd biggest position. Pittenger & Anderson Inc.’s holdings in TJX Companies were worth $27,976,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in TJX. DekaBank Deutsche Girozentrale grew its stake in TJX Companies by 5.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,011,893 shares of the apparel and home fashions retailer’s stock valued at $247,749,000 after acquiring an additional 108,435 shares during the period. Journey Advisory Group LLC grew its stake in TJX Companies by 3.0% in the second quarter. Journey Advisory Group LLC now owns 48,038 shares of the apparel and home fashions retailer’s stock valued at $5,932,000 after acquiring an additional 1,420 shares during the period. Drive Wealth Management LLC grew its stake in TJX Companies by 3.3% in the second quarter. Drive Wealth Management LLC now owns 3,750 shares of the apparel and home fashions retailer’s stock valued at $463,000 after acquiring an additional 121 shares during the period. Princeton Global Asset Management LLC acquired a new position in TJX Companies in the second quarter valued at about $28,000. Finally, Schnieders Capital Management LLC acquired a new position in TJX Companies in the second quarter valued at about $244,000. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Down 0.4%

TJX stock opened at $143.32 on Tuesday. 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 stock has a market capitalization of $159.50 billion, a P/E ratio of 32.65, a P/E/G ratio of 3.19 and a beta of 0.92. The business has a 50-day moving average of $139.55 and a 200-day moving average of $131.11. The TJX Companies, Inc. has a fifty-two week low of $111.73 and a fifty-two week high of $146.46.

TJX Companies (NYSE:TJX) last posted 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. 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 period in the prior year, the firm 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. On average, sell-side analysts anticipate that The TJX Companies, Inc. will post 4.18 earnings per share 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 given 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 is 38.72%.

Analysts Set New Price Targets

A number of research firms have issued reports on TJX. Erste Group Bank began coverage on TJX Companies in a research note on Friday, September 5th. They issued a “buy” rating for the company. Bank of America boosted their target price on TJX Companies from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. UBS Group boosted their target price on TJX Companies from $164.00 to $172.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Telsey Advisory Group reissued an “outperform” rating and issued a $155.00 target price (up from $150.00) on shares of TJX Companies in a research note on Wednesday, August 20th. Finally, JPMorgan Chase & Co. boosted their target price on TJX Companies from $148.00 to $149.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $148.50.

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.