Sheets Smith Wealth Management Sells 112 Shares of The TJX Companies, Inc. $TJX

Sheets Smith Wealth Management decreased its position in shares of The TJX Companies, Inc. (NYSE:TJX) by 0.1% during the second quarter, HoldingsChannel reports. The fund owned 80,676 shares of the apparel and home fashions retailer’s stock after selling 112 shares during the quarter. TJX Companies accounts for approximately 1.2% of Sheets Smith Wealth Management’s investment portfolio, making the stock its 18th largest holding. Sheets Smith Wealth Management’s holdings in TJX Companies were worth $9,963,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Pinnacle Financial Partners Inc increased 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 acquiring an additional 8,319 shares during the last quarter. State of Alaska Department of Revenue increased 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 acquiring an additional 3,125 shares during the last quarter. FCG Investment Co bought a new position in TJX Companies during the first quarter valued at $2,620,000. Mainstream Capital Management LLC increased 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 acquiring an additional 515 shares during the last quarter. Finally, Parr Mcknight Wealth Management Group LLC increased 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 acquiring an additional 4,579 shares during the last quarter. Institutional investors own 91.09% of the company’s stock.

TJX Companies Stock Performance

Shares of TJX Companies stock opened at $139.70 on Wednesday. The company has a market capitalization of $155.48 billion, a PE ratio of 31.82, a P/E/G ratio of 3.14 and a beta of 0.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.52 and a current ratio of 1.17. The company has a 50-day simple moving average of $133.59 and a two-hundred day simple moving average of $127.86. The TJX Companies, Inc. has a one year low of $111.22 and a one year high of $145.58.

TJX Companies (NYSE:TJX) last announced its earnings results on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 EPS for the quarter, topping 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 period in the previous year, the company posted $0.96 earnings per share. The firm’s revenue 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. Research analysts expect that The TJX Companies, Inc. will post 4.18 EPS for the current fiscal year.

TJX Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Thursday, November 13th will be issued a dividend of $0.425 per share. The ex-dividend date is Thursday, November 13th. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. TJX Companies’s dividend payout ratio is 38.72%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Bank of America boosted their target price on shares of TJX Companies from $145.00 to $150.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Telsey Advisory Group reissued an “outperform” rating and set a $155.00 target price (up from $150.00) on shares of TJX Companies in a research note on Wednesday, August 20th. Robert W. Baird boosted their target price on shares of TJX Companies from $143.00 to $152.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Citigroup boosted their target price on shares of TJX Companies from $140.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, August 21st. Finally, Morgan Stanley boosted their target price on shares of TJX Companies from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $147.58.

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.