Puzo Michael J Sells 2,618 Shares of The TJX Companies, Inc. $TJX

Puzo Michael J lessened its position in The TJX Companies, Inc. (NYSE:TJX) by 3.2% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 79,337 shares of the apparel and home fashions retailer’s stock after selling 2,618 shares during the period. TJX Companies comprises about 2.8% of Puzo Michael J’s investment portfolio, making the stock its 15th biggest holding. Puzo Michael J’s holdings in TJX Companies were worth $9,797,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the stock. Pinnacle Financial Partners Inc boosted its position 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 purchasing an additional 8,319 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of TJX Companies by 1.7% in the 1st quarter. State of Alaska Department of Revenue now owns 181,712 shares of the apparel and home fashions retailer’s stock worth $22,132,000 after acquiring an additional 3,125 shares during the last quarter. FCG Investment Co bought a new stake in TJX Companies during the 1st quarter valued at about $2,620,000. MinichMacGregor Wealth Management LLC bought a new stake in TJX Companies during the 2nd quarter valued at about $5,045,000. Finally, Mainstream Capital Management LLC lifted its holdings in 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 buying an additional 515 shares in the last quarter. 91.09% of the stock is owned by hedge funds and other institutional investors.

TJX Companies Stock Down 0.3%

TJX stock opened at $142.70 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 twelve month low of $111.73 and a twelve month high of $145.58. The company’s 50 day moving average is $137.20 and its two-hundred day moving average is $129.75. The stock has a market cap of $158.81 billion, a P/E ratio of 32.51, a PEG ratio of 3.22 and a beta of 0.92.

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, beating analysts’ consensus estimates of $1.01 by $0.09. The business had revenue of $14.40 billion for the quarter, compared to analysts’ expectations of $14.12 billion. TJX Companies had a net margin of 8.59% and a return on equity of 58.63%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 EPS. 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 earnings per share for the current fiscal year.

TJX Companies Announces Dividend

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 given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, November 13th. TJX Companies’s payout ratio is presently 38.72%.

Analysts Set New Price Targets

A number of research firms have commented on TJX. UBS Group raised their target price on shares of TJX Companies from $164.00 to $172.00 and gave the company a “buy” rating in a research report on Thursday, August 21st. Telsey Advisory Group reiterated 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. 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. Daiwa America upgraded shares of TJX Companies to a “strong-buy” rating in a research note on Tuesday, July 8th. Finally, JPMorgan Chase & Co. upped their price objective on shares of TJX Companies from $148.00 to $149.00 and gave the stock an “overweight” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, TJX Companies presently has an average rating of “Buy” and a consensus price target of $147.63.

TJX Companies Company 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.