The TJX Companies, Inc. $TJX Shares Sold by Patten Group Inc.

Patten Group Inc. decreased its position in The TJX Companies, Inc. (NYSE:TJX) by 2.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,951 shares of the apparel and home fashions retailer’s stock after selling 238 shares during the quarter. Patten Group Inc.’s holdings in TJX Companies were worth $982,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TJX. Nuveen LLC acquired a new stake in shares of TJX Companies during the 1st quarter worth approximately $1,330,717,000. Mirova US LLC boosted its stake in TJX Companies by 164.5% during the 2nd quarter. Mirova US LLC now owns 2,699,156 shares of the apparel and home fashions retailer’s stock valued at $333,319,000 after purchasing an additional 1,678,665 shares in the last quarter. Amundi boosted its stake in TJX Companies by 10.2% during the 1st quarter. Amundi now owns 11,888,455 shares of the apparel and home fashions retailer’s stock valued at $1,489,305,000 after purchasing an additional 1,104,292 shares in the last quarter. Vanguard Group Inc. boosted its stake in TJX Companies by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 100,413,764 shares of the apparel and home fashions retailer’s stock valued at $12,230,396,000 after purchasing an additional 1,099,129 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in TJX Companies by 17.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,807,714 shares of the apparel and home fashions retailer’s stock valued at $829,180,000 after purchasing an additional 1,025,329 shares in the last quarter. 91.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on TJX shares. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of TJX Companies in a research note on Wednesday, October 8th. Wall Street Zen raised TJX Companies from a “hold” rating to a “buy” rating in a research note on Saturday, August 23rd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $155.00 price target (up from $150.00) on shares of TJX Companies in a research note on Wednesday, August 20th. Macquarie reaffirmed a “buy” rating on shares of TJX Companies in a research note on Monday, August 11th. Finally, UBS Group raised their price objective on TJX Companies from $164.00 to $172.00 and gave the stock a “buy” rating in a research note on Thursday, August 21st. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $148.50.

TJX Companies Price Performance

Shares of NYSE:TJX opened at $143.91 on Wednesday. The company has a current ratio of 1.17, a quick ratio of 0.52 and a debt-to-equity ratio of 0.32. The TJX Companies, Inc. has a 1 year low of $111.73 and a 1 year high of $146.46. The business has a fifty day simple moving average of $139.76 and a 200 day simple moving average of $131.20. The firm has a market cap of $160.16 billion, a price-to-earnings ratio of 32.78, a P/E/G ratio of 3.18 and a beta of 0.92.

TJX Companies (NYSE:TJX) last announced its quarterly earnings data on Wednesday, August 20th. The apparel and home fashions retailer reported $1.10 earnings per share (EPS) 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 business had revenue of $14.40 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period last year, the company earned $0.96 earnings per share. TJX Companies’s quarterly revenue was up 6.9% compared to the same quarter last year. TJX Companies has set its FY 2026 guidance at 4.520-4.570 EPS. Q3 2026 guidance at 1.170-1.190 EPS. As a group, sell-side analysts predict that The TJX Companies, Inc. will post 4.18 earnings per share for the current fiscal year.

TJX Companies Dividend Announcement

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